Adjusting to New Realities: MENA, the Uruguay Round, and the Eu-Mediterranean Initiative

43 Pages Posted: 15 Feb 2006

See all articles by Patricia Alonso-Gamo

Patricia Alonso-Gamo

International Monetary Fund (IMF)

Susan Fennell

affiliation not provided to SSRN

Khaled Sakr

affiliation not provided to SSRN

Date Written: January 1997

Abstract

This paper addresses concerns that the Middle East and North Africa (MENA) region, with the exception of the GCC economies, has lagged behind in trade liberalization. This delay has adversely affected production efficiency and consumer welfare and could reduce the region`s ability to attract foreign investment. Against this background, the paper examines the major challenges facing MENA if it is to benefit from the opportunities presented by the Uruguay Round and the European Union Mediterranean Initiative. It concludes with an overview of measures that MENA countries will need to implement to benefit from these trade-enhancing initiatives.

JEL Classification: F1, F4

Suggested Citation

Alonso-Gamo, Patricia and Fennell, Susan and Sakr, Khaled, Adjusting to New Realities: MENA, the Uruguay Round, and the Eu-Mediterranean Initiative (January 1997). IMF Working Paper No. 97/5, Available at SSRN: https://ssrn.com/abstract=882217

Patricia Alonso-Gamo (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Susan Fennell

affiliation not provided to SSRN

No Address Available

Khaled Sakr

affiliation not provided to SSRN

No Address Available

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