Policy Viewpoints

Has Trade Liberalization in Egypt Gone Far Enough or Too Far?

Publication Number: ECES-PVP16-E&A

June, 2005

Author : Ahmed Galal and Amal Refaat

Type : Policy Viewpoints

After 15 years of trade liberalization, has this effort changed the incentive structure facing different economic activities in Egypt to make it as uniform as possible thereby reducing resource misallocation? Has it eliminated the bias against exports and enhanced the country's capacity to earn foreign exchange? More broadly, has it made the Egyptian economy as open to world markets as other emerging markets? These are the questions addressed in this edition of Policy Viewpoint.