01736cas a2200241 a 4500 AALejournalIMF007482 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846812 1018-5941 BD-DhAAL BD-DhAAL Abed, George. Trade Liberalization and Tax Reform in the Southern Mediterranean Region / George Abed. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The European Union's Association Agreements with several countries in the Southern Mediterranean Region (SMR) aim to promote deeper economic integration between the SMR and the EU by establishing a free trade area in twelve years. Because a large share of the SMR countries' total imports comes from the EU, the removal of import tariffs could reduce budgetary revenue by the equivalent of 1 percent to 4 percent of individual countries' GDP. This paper proposes tax and tariff reforms that would help generate the needed compensatory revenue and, more important in the long run, reduce the distortionary effects of the tax and tariff systems and underpin higher rates of sustainable growth. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1998/049 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/049/001.1998.issue-049-en.xml IMF e-Library