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The WTO, the EU and the Arab World: Trade Policy Priorities and Pitfalls

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  • Hoekman, Bernard

Abstract

A basic tenet of economic reform efforts in much of the Middle East and North Africa region has been gradualism. Partial and slow reform has led to a lack of credibility, limiting private sector supply response. The creation of the World Trade Organization, and the offer from the EU to establish a Euro-Meditteranean Economic Area provide possible institutional frameworks that can greatly enhance the credibility of a gradual reform strategy. Neither option is a panacea, however, and much depends on the willingness of governments to exploit opportunities that are embodied in these institutional options. Both avenues should be pursued simultaneously in order to limit the potential negative trade diversion effects of a preferential agreement with the EU.

Suggested Citation

  • Hoekman, Bernard, 1995. "The WTO, the EU and the Arab World: Trade Policy Priorities and Pitfalls," CEPR Discussion Papers 1226, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1226
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    Citations

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    Cited by:

    1. Patricia Augier & Michael Gasiorek, 2003. "The welfare implications of trade liberalization between the Southern Mediterranean and the EU," Applied Economics, Taylor & Francis Journals, vol. 35(10), pages 1171-1190.
    2. Lahcen ACHY & Juliette Milgram, 2005. "Does a free trade area favors an optimum currency area? The Case of Morocco and the European Union," International Trade 0512012, EconWPA.
    3. Hoekman, Bernard & Subramanian, Arvind, 1996. "Egypt and the Uruguay Round," Policy Research Working Paper Series 1597, The World Bank.
    4. Djankov, Simeon & Hoekman, Bernard, 1995. "Catching Up With Eastern Europe? The European Union's Mediterranean Free Trade Initiative," CEPR Discussion Papers 1300, C.E.P.R. Discussion Papers.
    5. Roberta Gatti & Matteo Morgandi & Rebekka Grun & Stefanie Brodmann & Diego Angel-Urdinola & Juan Manuel Moreno & Daniela Marotta & Marc Schiffbauer & Elizabeth Mata Lorenzo, 2013. "Jobs for Shared Prosperity : Time for Action in the Middle East and North Africa," World Bank Publications, The World Bank, number 13284, August.

    More about this item

    Keywords

    Regional Integration; Trade Liberalization; Trade Policy;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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