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Likely costs of Euro-Med free trade area
The proposed Euro-Mediterranean Free Trade Area (EMFTA), due to be established in 2010, might only generate slight net gains in regional economic welfare, but significant social and environmental costs in the Arab nations and Turkey, as well as extensive dislocations in south European agriculture.
There goes the neighborhood?
As the European Union enters a difficult watershed moment in its internal affairs, Egypt and the partner countries in the EU’s ten-year Euro-Mediterranean Partnership ponder their own new administrative spiderweb. The new European Neighborhood Policy was designed to speed up free trade and strengthen human rights and political reforms - but it could pass us over altogether.