This publication examines the importance of trade in services for the integration of non-EU members into the European Single Market. Further liberalisation is found to be a critical factor to deeper integration with the enlarged EU, which accounts for a quarter of global GDP and foreign direct investment. The planned Euro-Mediterranean free trade area for goods is judged as a positive first step, but additional measures are needed for deeper integration, including liberalisation of services trade. The study gives a detailed assessment of individual sectors, including core services relating to transport, telecommunication, financial markets and electricity, as well other markets such as tourism, IT and distribution services.In the average MENA country, aquot;70 percent of bank assets are owned by the largest five banks, compared to 60 ... eight Arab MPs with their 164 million inhabitants is about as high as that of Israel, with a population of 6 million (see diagram 3.5).
|Title||:||Deeper Integration and Trade in Services in the Euro-Mediterranean Region|
|Publisher||:||World Bank Publications - 2005-01|