Kulaksiz, Sibel2015-09-112015-09-112014-07https://hdl.handle.net/10986/22599According to a new World Bank report, economic complementarities between Egypt, Turkey, Jordan, Lebanon, Iraq, Syria, and the Palestinian Territories are significant, with substantial welfare gains expected from increased trade and investments and, ultimately, economic integration. With a population of 224 million, a land area of 2.4 million km, a nominal GDP of 1.4 trillion dollars, and close to major markets and transportation corridors, these New Levant countries have significant economic weight and promise. There are opportunities from deeper regional integration to derive significant benefits from economic complementarities and greater competitiveness.en-USCC BY 3.0 IGOAVERAGE TRADEBARRIERS TO TRADEBOTTLENECKSCAPITAL INVESTMENTSCOMPARATIVE ADVANTAGECOMPARATIVE ADVANTAGESCOMPETITIVENESS INDEXCROSS-BORDER COOPERATIONCUSTOMSCUSTOMS UNIONDISPUTE SETTLEMENTDISPUTE SETTLEMENT MECHANISMSECONOMIC COMPLEMENTARITIESECONOMIC INTEGRATIONEXPORT GROWTHEXPORT PERFORMANCEEXPORT SECTORSEXPORTERSEXPORTSFINANCIAL INSTITUTIONSFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SERVICESFOOD INDUSTRYFREE TRADEFREE TRADE AREAGDPGENERAL EQUILIBRIUMGENERAL EQUILIBRIUM MODELGLOBAL COMPETITIVENESSHIGHWAYINCOMEINSURANCEINTERNATIONAL MARKETSINVESTMENT OPPORTUNITIESJOINT VENTURESLIBERALIZATIONLIBERALIZATION OF TRADEMACROECONOMICSMANUFACTURING INDUSTRIESMOBILITYNATURAL RESOURCEPER CAPITA INCOMERAILWAYREAL ESTATEREAL INCOMEREGIONAL INTEGRATIONREGIONAL TRADEREGIONAL TRADE AGREEMENTSREGULATORY REGIMESROUTESSKILLED LABORTECHNICAL BARRIERSTELECOMMUNICATIONSTOURISMTRADE AGREEMENTTRADE AGREEMENTSTRADE COSTSTRADE DEVELOPMENTTRADE FLOWSTRADE IN GOODSTRADE LIBERALIZATIONTRADE POLICIESTRADE ROUTESTRAFFICTRANSITTRANSPARENCYTRANSPORTTRANSPORT COSTSTRANSPORT INFRASTRUCTURETRANSPORT SERVICESTRANSPORTATIONTRANSPORTATION CORRIDORSUNEMPLOYMENTVALUE ADDEDWELFARE GAINSWORLD MARKETSWTOBriefWorld Bank10.1596/22599