Egypt and the Uruguay Round
The Uruguay Round will generally have a limited impact on Egyptian policies affecting goods, investment, and services. It will have a more significant impact on intellectual property, although this will take up to a decade to materialize fully. Insofar as this reflects a continuing defensiveness against liberalization, it does not bode well for a country that will be facing growing competitive pressures as the world economy becomes more integrated. But Egypt's Uruguay Round commitments do, to a large extent, lock in the policy changes pursued by the government since the late 1980s. In this respect, they are quite significant. Maximum tariffs have been established for almost all tariff lines, and the gap between these"bindings"and the level of applied tariffs is in most cases relatively small. This constitutes a level of commitment that substantially exceeds that developing country average. The government is negotiating a more far-reaching agreement with the European Union to liberalize trade on a reciprocal basis. Commitments by Egypt in the Uruguay Round can be seen as facilitating implementation of a Euro-Mediterranean Agreement. Such an agreement could facilitate further nondiscriminatory liberalization of Egypt's trade regime. Of particular importance in this connection is opening service markets to greater competition, where much remains to be done.
|Date of creation:||31 May 1996|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (202) 477-1234
Web page: http://www.worldbank.org/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Hoekman, Bernard & Djankov, Simeon, 1996. "Catching up with Eastern Europe? The European Union's Mediterranean free trade initiative," Policy Research Working Paper Series 1562, The World Bank.
- B. Hoekman & S. Djankov, 1996. "Catching Up With Eastern Europe? The European Union's Mediterranean Free Trade Initiative," Working Papers 9612, Economic Research Forum, revised Apr 1996.
- Martin, W. & Winters, L.A., 1995. "The Uruguay Round and the Developing Countries," World Bank - Discussion Papers 307, World Bank.
- Richard C. Levin & Alvin K. Klevorick & Richard R. Nelson & Sidney G. Winter, 1988. "Appropriating the Returns from Industrial R&D," Cowles Foundation Discussion Papers 862, Cowles Foundation for Research in Economics, Yale University.
- 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.
When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:1597. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi)
If references are entirely missing, you can add them using this form.