The Impact of Regional Trade Agreements and Trade Facilitation in the Middle East North Africa Region

The Impact of Regional Trade Agreements and Trade Facilitation in the Middle East North Africa Region

The Middle East and North Africa (MENA) region's trade performance over the past two decades has been disappointing. Efforts to boost trade through a plethora of regional trade agreements (RTAs) are underway. This study examines the potential contribution of regional trade agreements, as well a...

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Bibliographic Details
Main Author: Dennis, Allen
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
AD VALOREM
ADMINISTRATIVE PROCEDURES
AGRICULTURAL PRODUCTS
AGRICULTURAL TRADE
AGRICULTURE
AIR TRANSPORT
APPAREL
ARAB FREE TRADE AGREEMENT
BENCHMARK
BENEFITS OF TRADE
BENEFITS OF TRADE FACILITATION
BILATERAL TRADE
CARRIERS
COMMON MARKET
COMPARATIVE ADVANTAGE
CONCESSIONS
CONSTANT RETURNS TO SCALE
CONSUMERS
COUNTRY OF ORIGIN
CURRENCY
CUSTOMS
CUSTOMS CLEARANCE
CUSTOMS DUTIES
CUSTOMS PROCEDURES
CUSTOMS UNION
CUSTOMS VALUATION
DIVIDENDS
DOCUMENTARY REQUIREMENTS
DOMESTIC MARKETS
DOMESTIC SUPPORT
DOMESTIC TAXES
DYNAMIC EFFECTS
DYNAMIC GAINS
ECONOMIC GROWTH
ECONOMIC INTEGRATION
ECONOMIC POLICY
ECONOMIC SANCTIONS
ELASTICITY
ELIMINATING TARIFFS
EUROPEAN UNION
EXPORT PROCEEDS
EXPORT STRUCTURES
EXPORT SUBSIDIES
EXPORTS
EXTERNAL TARIFF
FACTOR MARKETS
FACTORS OF PRODUCTION
FREE ACCESS
FREE TRADE
FREE TRADE AGREEMENTS
FREE TRADE AREA
FREE-TRADE AREA
FRICTIONAL COSTS
FULL EMPLOYMENT
FUNCTIONAL FORMS
GDP
GENERAL EQUILIBRIUM ANALYSIS
GLOBAL ECONOMY
GLOBAL MARKETS
GLOBAL TRADE
GLOBAL TRADE ANALYSIS
GOVERNMENT EXPENDITURES
GRAVITY MODEL
GROWTH
GROWTH MODEL
HARMONIZATION
IMPACT OF TRADE
IMPORT BARRIERS
IMPORT DUTIES
IMPORT LICENSING
IMPORT REQUIREMENTS
IMPORT TARIFFS
IMPORTED GOODS
IMPORTS
INTERMEDIATE GOODS
INTERMEDIATE INPUTS
INTERNATIONAL TRADE
INTRA-REGIONAL TRADE
INVESTMENT CLIMATE
INVESTMENT CLIMATES
INVESTMENT FLOWS
LABOR INTENSIVE
LIBERALIZATION EFFORTS
MARKET SHARE
MEASURE OF TRADE
MEMBER COUNTRIES
MIDDLE EAST
MUTUAL CONCESSIONS
NATURAL RESOURCES
NON-TARIFF BARRIERS
NONTARIFF BARRIERS
NORTH AFRICA
OIL PRICES
OPEN TRADE
PER CAPITA INCOME
PERFECT COMPETITION
POLICY RESEARCH
PREFERENTIAL LIBERALIZATION
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENTS
PRIVATE SECTOR
PRODUCT STANDARDS
PRODUCTION FUNCTION
PUBLIC SECTOR
REAL GDP
REGIONAL INITIATIVES
REGIONAL INTEGRATION
REGIONAL LEVEL
REGIONAL PARTNERS
REGIONAL TRADE
REGIONAL TRADE AGREEMENTS
REGIONAL TRADE INTEGRATION
REGIONAL TRADE LIBERALIZATION
REGIONAL TRADING PARTNERS
REGULATORY BARRIERS
RULES OF ORIGIN
SHARE OF WORLD EXPORTS
STATIC GAINS
TARIFF BARRIERS
TARIFF LIBERALIZATION
TARIFF QUOTAS
TECHNICAL BARRIERS
TECHNICAL PROGRESS
TECHNICAL REGULATIONS
TERMS OF TRADE
TERMS OF TRADE EFFECTS
TRADE
TRADE BARRIER
TRADE CHANGES
TRADE EXPANSION
TRADE FACILITATION
TRADE FLOWS
TRADE IN SERVICES
TRADE ISSUES
TRADE LIBERALIZATION SCENARIOS
TRADE LOGISTICS
TRADE ORIENTATION
TRADE PERFORMANCE
TRADE POLICIES
TRADE POLICY
TRADE POLICY ANALYSIS
TRADE POLICY REVIEW
TRADE REFORM
TRADE REFORMS
TRADE REGIME
TRADE REGIMES
TRADING COSTS
TRANSACTIONS COSTS
TRANSITION PERIOD
TRANSPORT COSTS
TRANSPORT SERVICES
UTILITY FUNCTION
VALUE ADDED
WAGES
WELFARE GAINS
WELFARE IMPACTS
WORLD ECONOMY
WORLD TRADE
WTO
ZERO TARIFFS
Online Access:http://documents.worldbank.org/curated/en/2006/02/6559643/impact-regional-trade-agreements-trade-facilitation-middle-east-north-africa-region
http://hdl.handle.net/10986/8783
Description
Summary:The Middle East and North Africa (MENA) region's trade performance over the past two decades has been disappointing. Efforts to boost trade through a plethora of regional trade agreements (RTAs) are underway. This study examines the potential contribution of regional trade agreements, as well as trade facilitation improvements, in enhancing the development prospects of the region. Using the Global Trade Analysis Project (GTAP) model and database, both intra-regional integration and integration with the European Union are observed to have a favorable impact on welfare in the MENA region. The welfare gains from integrating with the European Union are observed to be at least twice as much as intra-regional integration. Furthermore, these welfare gains are observed to at least triple when the implementation of the RTAs is complemented with trade facilitation improvements.

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