By establishing free trade for industrial products in 12 years, the European Union’s Association Agreements with countries in the Mediterranean region seek to promote accelerated economic growth. This paper reviews the literature and evaluates the economic benefits and costs for Tunisia, Morocco, Lebanon, Egypt, and Jordan. It concludes that the benefits could be substantial, but only if accompanied by deep supplementary reforms, including extending trade liberalization to services and agriculture and on a multilateral basis, improving the environment for foreign direct investment, ensuring an adequate fiscal and exchange rate policy response, and strengthening European Union assistance.

By analysing case studies through the lens of new constructivist Institutionalist perspective, this book sheds new light on the failure of EU policies in the Mediterranean. It suggests that these failures are the result of problems at the very heart of EU policy-making which clearly privilege economic concerns over social concerns.