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

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Inglés

ISSN

8213-5955

En AGRIS desde: 2021-06-15

Formato: AGRIS AP

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Este registro bibliográfico ha sido proporcionado por World Bank

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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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