Deeper Integration and Trade in Services in the Euro-Mediterranean Region : Southern Dimensions of the European Neighborhood Policy

Müller-Jentsch, Daniel

Deeper Integration and Trade in Services in the Euro-Mediterranean Region : Southern Dimensions of the European Neighborhood Policy

2005

Müller-Jentsch, Daniel

Deeper economic integration with the enlarged European Union - which accounts for a quarter of global GDP and foreign direct investment - could become a main driver for economic development in the southern Mediterranean countries. The planned Euro-Mediterranean free trade area for goods is a first step into that direction, but additional measures are needed. Especially the liberalization of services trade and the comprehensive domestic reforms this entails would strengthen the linkages with global and European markets. This study analyzes the adjustment needs and policy options associated with deeper integration between the two sides of the Mediterranean Sea. It puts specific emphasis on the dynamics of deeper integration at the company level and their respective policy implications. Besides a general discussion of deeper integration and trade in services liberalization, the study contains detailed assessments of individual sectors - especially the backbone services (e.g. transport, telecommunications, financial markets, electricity) and other sectors of relevance for deeper integration (tourism, IT-enabled services, distribution services). Even though the focus is on regional integration, multilateral liberalization issues are factored into the analysis (e.g. the GATS, the WTO Doha Round) and options for the pursuit of an "open regionalism" are explore.

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AGROVOC Keywords

agricultural products agriculture dispute settlement economic development economic implications economic integration economists employment exports financial institutions foreign investment free trade gnp gross domestic product gross national product growth rate imports insurance legal status living standards market access middle east monopolies national income north africa private sector production costs productivity professional services property rights services telecommunications trade trade barriers trade negotiations trade protection value added wages

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Other Subjects

Foreign entry; Economic research; Per capita income; Compliance costs; Business environment; Common market; Foreign direct investment; International production; Service suppliers; Industry trade; Most-favored-nation; National treatment; Economic cooperation; Regulatory convergence; Apparel; Preferential market access; Financial sector; Regional integration measures; Comparative advantage; Trade integration; Rules of origin; Distribution services; Customs union; Non-tariff barriers; Liberalization of trade in goods; Regional integration; Preferential trade agreement; Agricultural markets; Services sectors; Rates of protection; Multilateral reforms; Preferential trade; Customs authorities; Trade concessions; Customs procedures; Growth potential; Merchandise trade; Oil; Customs; Competition policy; Professional qualifications; Trade reforms; Service delivery; Investment climate; Integration efforts; Uruguay round; Free trade agreement; Import competition; Financial services; Foreign investors; Quotas; Growth rates; Member state; Regional agreements; Economic stagnation; Consumption abroad; Foreign bank; Services trade; Tariff barrier; Multilateral commitments; Domestic reforms; Geographic proximity; Prudential regulation; Production process; Foreign investments; Mfn; Full liberalization; International accounting standards; Dispute settlement mechanisms; Technological progress; Financial markets; Global competition; Services liberalization; Tourism services; Trade harmonization; Mps; Competitiveness; Global markets; Multilateral negotiations; Pro-competitive regulation; Trade diversion; Purchasing power; Policy reforms; Welfare gains; Trade agreement; Global integration; Public procurement; Preferential trade agreements; Doha development agenda; Political economy; Scale economies; Regional initiatives; Border policies; Transport services; Trade in services; Multilateral level; Regional policy initiatives; Gdp; Regional level; Domestic regulation; Regional integration efforts; Multilateral trade liberalization; Product standards; Middle income countries; Capital markets; Multilateral disciplines; Financial assistance; Gats; World market; Agreement on trade; Global production; Open regionalism; Harmonization; Multilateral trade; Trade restriction; Mutual recognition; Technical assistance; Knowledge economy; Global economy; Competitive position; Free trade area; Business services; Transparency; Commercial presence; Liberalization of trade; Cross-border supply; Neighboring countries; Knowledge spillovers; Mutual recognition agreements; Tariff barriers; Services sector; Modes of supply; International competitiveness; Regional liberalization; Capital flows; Production networks; Negotiation costs; Multilateral liberalization; Competition policies; Presence of natural persons

Language

English

ISSN

8213-5955

In AGRIS since: 2021-06-15

Format: AGRIS AP

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http://hdl.handle.net/10986/7335

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Deeper Integration and Trade in Services in the Euro-Mediterranean Region : Southern Dimensions of the European Neighborhood Policy

2005

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