Regional Partners in Global Markets: Limits and Possibilities of the Euro-Med AgreementsAhmed Galal, Bernard M. Hoekman As debate continues over regionalism versus multilateralism, pro-regional integration policymakers confront many questions. Which countries should they integrate with? What form of integration is best? And under what conditions will integration further the national interest? This book helps to answer such questions and, thus, assist countries in making the best of preferential trade agreements. It provides evidence of actual and possible effects of recent trade agreements--NAFTA, AFTA, and EU agreements with Tunisia and Morocco. It also discusses the potential impact of an Egypt-EU agreement, at both the national and sectoral levels, and offers policy options for Egypt. Ahmed Galal is director of the Egyptian Center for Economic Studies and coauthor of Bureaucrats in Business: The Economics and Politics of Government Ownership (Oxford, 1996). Bernard Hoekman, a CEPR research fellow, is a senior economist in the International Economics Department of the World Bank. A former member of the GATT Secretariat, he is the coauthor of The Political Economy of the World Trading System: From GATT to WTO (Oxford, 1995). Copublished by CEPR and The Egyptian Center for Economic Studies |
Contents
The Traditional and | 13 |
External Bindings and the Credibility of Reform 335 | 35 |
Some Economic Effects of the Free Trade Agreement | 71 |
Copyright | |
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activities AFTA plan agricultural ASEAN ASEAN countries Asia average benefits billion companies competition compulsory licensing costs cotton developing countries domestic East Asian economic effects efficiency Egypt Egyptian employment Europe European Union exports fabrics factor firms foreign direct investment foreign investment free trade agreement GATT global Hoekman impact imports improve incentives income increase industry inflows inputs integration international trade investors labour macroeconomic manufacturing Maskus ment Morocco Morocco and Tunisia multilateral NAFTA negotiations output partnership agreement patent pharmaceutical potential private sector protection public sector reduce reform regime regional regulatory relative restrictions Scenario share Source Table tariff tariff rates tariff revenue tion trade barriers trade creation trade diversion trade in services trade liberalization TRDREF Tunisia value added wages welfare gains workers World Bank World Trade Organization yarn