Influence of Economic Integration on Foreign Trade
in the Region of Persian Gulf
Influence of Economic Integration on Foreign Trade
in the Region of Persian Gulf
Author(s): Murad Mahmoud Hasan AbumufrehSubject(s): Economic policy, International relations/trade, Economic development, EU-Approach / EU-Accession / EU-Development
Published by: Instytut Badań Rynku, Konsumpcji i Koniunktur
Keywords: economic integration; Cooperation Council for the Arab States of the Gulf; gravitation model; trade creation effect;
Summary/Abstract: The aim of the current research is to study the effects of economic integration within the Cooperation Council for the Arab States of the Gulf (CCASG) and its influence on the trade within the region as well as with other countries. The trade development of member countries of the Cooperation Council for the Arab States of the Gulf was analysed with the help of gravitation model in the context of the existing agreements of the trading preferences on the Middle East and North Africa. It was proved that establishment of CCASG made extremely positive influence on the development of the intraregional trade. It was also discovered that economic integration of the CCASG members showed rather the effect of trade creation than the effect of trade diversion. Signing of free trading agreement between the CCASG and the EU and between the CCASG and the USA had also positive results.
Journal: Handel Wewnętrzny
- Issue Year: 350/2014
- Issue No: 3
- Page Range: 179-188
- Page Count: 10
- Language: English
