After the economic turmoil in 2001, the Turkish economy quickly recovered, and exhibited distinguished economic performance in successive years without any interruption. This success can be considered as a product of favourable international economic conditions, sound macroeconomic reforms, the...

Tests for causality and rationality in the coffee futures market were carried out using data from the New York Market. Tests of causality indicated that futures prices strongly influence variations in spot price eight weeks or more to maturity. However, beginning seven weeks to maturity there...

The Euro-Med Agreement between Tunisia and the European Union resulted in free bilateral trade for industrial products from January 1st, 2008. The stepwise dismantling of industrial tariff barriers vis-à-vis Tunisia’s main trading partner without encountering major disruptions in the domestic...

In comparison with other countries, Bolivia seems to face a gap in its capacity to take advantage of international market opportunities. Addressing the shortcomings in Bolivia’s export performance is a major challenge and requires attention to the incentives that actual and potential exporters...

As a landlocked country in East Africa, Uganda faces two major disadvantages concerning access to foreign markets. It does not have an immediate gateway to low-cost ocean transport, but first has to pass its imports and exports through neighboring countries by road or rail. Nor does it share a...

This paper reviews the trade policy situation in the Central African Republic (CAR) and identifies a number of key issues and challenges for the country. The focus of the study is thereby on how trade taxes and quantitative restrictions affect the goods sector. The analysis falls into three...

Nigeria’s trade policy is at a crucial turning point. Historically, the country has had a very restrictive import regime that generated substantial transfers to domestic producers and strong anti-export bias. Yet, in its current poverty reduction strategy, Nigeria identified deeper trade...

We develop a structural econometric model of import demand for Pakistan, with binding foreign exchange constraint. ARDL and DOLS techniques are used to estimate the log-run coefficients of price and income elasticities. The empirical results from ARDL bound testing approach and Johansen’s...

The scope and complexity of international trading arrangements in the Middle East, as well as their spotty historical record of success, underscores the urgent need for an adequate understanding of the relative costs and benefits of participation in preferential trading arrangements and, more...

Morocco’s trade policy is at a cross-roads. Historically, the country has had a very restrictive import regime that generated substantial transfers to domestic producers. In terms of the simple average of most-favored nation tariffs, Morocco is one of the ten most highly protected markets in...