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- Title
POLITICAL ECONOMY OF TRADE REMEDIES: A STUDY ON THE APPLICATION OF TRADE POLICY INSTRUMENTS IN THE MIDDLE EAST.
- Authors
SEZGIN, VOLKAN
- Abstract
In the last two decades, developing countries started to employ more trade remedies when compared with developed countries and they are currently among the major users. However, most of the Middle Eastern countries still do not use trade remedies actively except Turkey, Egypt and Israel. This paper mainly addresses the possible reasons for the limited use of trade remedies in the Middle East particularly in the last decade. Apart from the limited use particularly during the Arab Spring, it has to be noted that Turkey, Egypt and Israel began to apply most of the trade policy instruments against the imports from each other after 2015. Within this framework, using RCA and NRCA indices to measure the revealing comparative advantages of Egypt, Israel and Turkey, the author aims to find out whether these countries have initiated trade remedy investigations and applied trade policy instruments against each other by considering sectoral NRCA. The author draws on data from UNCTAD, which are on 3-digit SITC level. Visiting trade remedies in Middle East, it can be in favour of Middle Eastern countries to apply more trade defence instruments in order to protect their domestic producers from disruptive effects of the imports and thus gain more from free and fair trade. In addition, applying trade policy instruments particularly among other countries in the Middle East may cause the trade volumes to further diminish in the region and trade flows to be interrupted even more.
- Subjects
INTERNATIONAL economic relations; INTERNATIONAL trade; TRADE regulation; NATIONALISM &; economics; COMMERCIAL policy
- Publication
Journal of Economics & Management Research, 2017, Vol 6, p32
- ISSN
2255-9000
- Publication type
Article
- DOI
10.22364/jemr.6.2017.03