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United Arab Emirates Trade Policy Review

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  • Wasseem Mina

Abstract

This paper reviews the WTO's first Trade Policy Review (TPR) of the United Arab Emirates. The TPR raises a number of concerns about barriers to foreign investment and competition. In reviewing the evaluation, the approach adopted in this paper is to elaborate on two main issues, insufficiently developed in the TPR. The first is investment treaties, which are treated by the UAE as legally superior to and prevailing over domestic legal instruments. The second is free trade zones, which constitute an economic enclave free of barriers to foreign investment and competition. The paper provides preliminary statistical evidence on the relationship between inward FDI, free trade zones and bilateral investment treaties, suggesting the presence of a statistically significant positive association between the three. The evidence lends initial support to the concerns raised by the review.

Suggested Citation

  • Wasseem Mina, 2008. "United Arab Emirates Trade Policy Review," The World Economy, Wiley Blackwell, vol. 31(11), pages 1443-1453, November.
    • Handle: RePEc:bla:worlde:v:31:y:2008:i:11:p:1443-1453
    DOI: 10.1111/j.1467-9701.2008.01136.x
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    References listed on IDEAS

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    1. Neumayer, Eric & Spess, Laura, 2005. "Do bilateral investment treaties increase foreign direct investment to developing countries?," World Development, Elsevier, vol. 33(10), pages 1567-1585, October.
    2. Ginsburg, Tom, 2005. "International Substitutes for Domestic Institutions: Bilateral Investment Treaties and Governance," International Review of Law and Economics, Elsevier, vol. 25(1), pages 107-123, March.
    3. Rodney D. Ludema, 2007. "Allies and Friends: The Trade Policy Review of the United States, 2006," The World Economy, Wiley Blackwell, vol. 30(8), pages 1209-1221, August.
    4. Bala Ramasamy & Matthew Yeung, 2007. "Malaysia – Trade Policy Review 2006," The World Economy, Wiley Blackwell, vol. 30(8), pages 1193-1208, August.
    5. Kaufmann, Daniel & Kraay, Aart & Mastruzzi, Massimo, 2007. "Governance Matters VI: Aggregate and Individual Governance Indicators, 1996-2006," Policy Research Working Paper Series 4280, The World Bank.
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    Cited by:

    1. Wasseem Mina, 2014. "United Arab Emirates FDI Outlook," The World Economy, Wiley Blackwell, vol. 37(12), pages 1716-1730, December.

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