Estimating The Economic Benefits of Levant Integration, A Look at the Numbers
RAND Arroyo Center Santa Monica United States
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Economic integration in the Levantin the form of a comprehensive free trade agreement that eliminates tariffs, lowers investment and nontariff barriers, and waives visa requirementscould increase the average gross domestic product of the Levant nations by 37 percent. This economic expansion would likely create at least 0.7 million to 1.7 million additional new jobs, reducing regional unemployment rates by 818 percentand total job creation might be substantially larger. These estimates are for a potential free trade agreement among Egypt, Iraq, Jordan, Lebanon, Syria, and Turkeysix of the core Levant countries.
- Economics and Cost Analysis