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The Euromediterranean Free Trade Area: A New Form Of Regional Cooperation?

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  • Bruno Venditto

    (ISSM)

Abstract

In this paper the practicability of a free trade area has been examined. The classical Viner’s trade creation and trade diversion effects have been considered, and although they refer to a static analysis it can be shown that they still may lead to important conclusions in terms of welfare and trade. The dynamic effects have, however, also been considered being these that make the major contribution to the growth of a developing country. This analysis has been then applied to a concrete case, that of the participation of Morocco and Tunisia to the Euromediterranean free trade area (EMFTA). The aim is to assess whether the EMFTA is the right tool available to foster the economic growth of the non European Mediterranean countries. From the analysis it appears that alternative measures are needed in order to accomplish the goal of the co-development as stated in the Barcelona declaration. Strategic integration is the model identified in order to develop such measures.

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Bibliographic Info

Paper provided by EconWPA in its series Development and Comp Systems with number 0408005.

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Length: 10 pages
Date of creation: 09 Aug 2004
Date of revision:
Handle: RePEc:wpa:wuwpdc:0408005

Note: Type of Document - doc; pages: 10
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Web page: http://128.118.178.162

Related research

Keywords: Development Cooperation ; Trade diversion; Trade Creation; Euro-Mediterranean;

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  1. Bruno Venditto & Immacolata Caruso, 2004. "Co-Operation In The Mediterranean Agricultural Sector, Maghreb And Southern Italy: A Working Hypothesis," Development and Comp Systems 0408004, EconWPA.
  2. Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
  3. Rutherford, Thomas F. & Rutstrom, E.E. & Tarr, David, 1993. "Morocco's free trade agreement with the European community : a quantitative assessment," Policy Research Working Paper Series 1173, The World Bank.
  4. Yilmaz Akyuz & Ha-Joon Chang & Richard Kozul-Wright, 1998. "New perspectives on East Asian development," Journal of Development Studies, Taylor & Francis Journals, vol. 34(6), pages 4-36.
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