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Ten Years after: Achievements and Challenges of the Euro-Mediterranean Economic and Financial Partnership


  • Juliane Brach

    () (GIGA German Institute for Middle East Studies)


EU and twelve countries of the Middle East and North Africa (MENA) engaged in 1995 in the Euro-Mediterranean Partnership (EMP) in political, economic and cultural matters with the aim to foster cooperation, stability, and prosperity around the Mediterranean Basin. The Economic and Financial Partnership (EFP) plays a central role in the EMP design and implementation, which is centered on economic and trade integration as a starting point for and an anchor of socioeconomic development in the MENA region. Against this background, this paper reviews the situation in the MENA partner countries and the past performance of the EFP. It analyzes the association agreements, economic cooperation and financial assistance, discusses the major obstacles, and outlines the potential of the EFP to shape the European Neighborhood Policy.

Suggested Citation

  • Juliane Brach, 2006. "Ten Years after: Achievements and Challenges of the Euro-Mediterranean Economic and Financial Partnership," GIGA Working Paper Series 36, GIGA German Institute of Global and Area Studies.
  • Handle: RePEc:gig:wpaper:36

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    References listed on IDEAS

    1. Henri C. Ghesquière, 1998. "Impact of European Union Assocation Agreements on Mediterranean Countries," IMF Working Papers 98/116, International Monetary Fund.
    2. Alfred Tovias & Mehmet Ugur, 2004. "Can the EU Anchor Policy Reform in Third Countries?," European Union Politics, , vol. 5(4), pages 395-418, December.
    3. Vivek Arora & Athanasios Vamvakidis, 2005. "How Much Do Trading Partners Matter for Economic Growth?," IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 24-40, April.
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    Cited by:

    1. Tullio D’Aponte, 2014. "A geopolitical overview on the Mediterranean Sea: the approach of the euro-med policy towards the countries of the southern front (from Morocco to Egypt)," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - Italian Review of Economics, Demography and Statistics, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 68(2), pages 77-98, April-Jun.
    2. Peeters, Marga & Sabri, Nidal Rachid, 2012. "International financial integration of Mediterranean economies : A bird’s-eye view," MPRA Paper 38081, University Library of Munich, Germany.

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    EU; Euro-Mediterranean partnership; Barcelona process; MENA; economic integration; socioeconomic development;

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