Economic Integration in the Maghreb: An Untapped Source of Growth

Author: Mr. Alexei P Kireyev, Mr. Boaz Nandwa, Ms. Lorraine Ocampos, Mr. Babacar Sarr, Mr. Ramzy Al Amine, Mr. Allan G Auclair, Mr. Yufei Cai, and Mr. Jean-Francois Dauphin

Volume/Issue: Volume 2019 Issue 003

Publication date: February 2019

ISBN: 9781484378373

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , DPPP , DP , Maghreb country , Maghreb trade , export structure , factory Maghreb , growth potential , integration arrangement , private sector , Maghreb integration , trade policy , Exports , Regional integration , Comparative advantage , Trade integration , Trade policy , Maghreb , Global , Europe , Sub-Saharan Africa , Africa

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Summary

Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their total trade, substantially lower than in all other regional trading blocs around the world. Geopolitical considerations and restrictive economic policies have stifled regional integration. Economic policies have been guided by country-level considerations, with little attention to the region, and are not coordinated. Restrictions on trade and capital flows remain substantial and constrain regional integration for the private sector.