{"id":19566,"date":"1998-03-09T07:54:00","date_gmt":"1998-03-09T07:54:00","guid":{"rendered":"https:\/\/eces.org.eg\/?p=19566"},"modified":"2023-10-23T12:43:58","modified_gmt":"2023-10-23T12:43:58","slug":"an-egypt-us-free-trade-agreement-economic-incentives-and-effects-wp25-march-1998","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/an-egypt-us-free-trade-agreement-economic-incentives-and-effects-wp25-march-1998\/","title":{"rendered":"An Egypt-US Free Trade Agreement: Economic Incentives and Effects &#8211; WP25 &#8211; March 1998"},"content":{"rendered":"\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>This paper explores the economic impact of a free trade agreement (FTA) between Egypt and the United States, assuming that Egypt implements both the recently agreed Arab League FTA and a partnership agreement with the European Union. An Egypt-US agreement would improve Egypt\u2019s economic welfare. Gains would be maximized if the agreement were to greatly reduce the prevalence of non-tariff barriers and red tape costs, something that does not appear to be likely under the Arab and EU FTAs. If so, the modeling exercise suggests that both welfare and US exports to Egypt would rise significantly. Arab countries should not be concerned with an Egypt-US agreement as there are no major implications for exports to Egypt. However, the share of Egypt\u2019s imports originating in the rest of the world declines significantly under the FTA scenarios. This is costly to Egypt as well as these trading partners. Such costs can be avoided if external trade barriers are lowered in conjunction with the implementation of the various FTAs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abstract: This paper explores the economic impact of a free trade agreement (FTA) between Egypt and the United States, assuming that Egypt implements both the recently agreed Arab League FTA and a partnership agreement with the European Union. An Egypt-US agreement would improve Egypt\u2019s economic welfare. Gains would be maximized if the agreement were to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-19566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-working-papers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An Egypt-US Free Trade Agreement: Economic Incentives and Effects - WP25 - March 1998 - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/an-egypt-us-free-trade-agreement-economic-incentives-and-effects-wp25-march-1998\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An Egypt-US Free Trade Agreement: Economic Incentives and Effects - WP25 - March 1998 - ECES\" \/>\n<meta property=\"og:description\" content=\"Abstract: This paper explores the economic impact of a free trade agreement (FTA) between Egypt and the United States, assuming that Egypt implements both the recently agreed Arab League FTA and a partnership agreement with the European Union. 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