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Brexit: An Emerging Trade Opportunity in MENA

Year 2021, Volume: 13 Issue: 3, 337 - 361, 12.11.2021
https://doi.org/10.47932/ortetut.931631

Abstract

Following the UK’s exit from the EU, many countries–both in the union and outside–have started to gauge its possible impacts on their economies. Simply, the EU countries will be affected negatively since they will be required to do some extra paperwork to be able to import from or export to the UK from now on. On the other hand, non-EU countries have a chance to expand their export to the Kingdom that is looking for improving its trade relations with the countries outside the union. From this point of view, our aim in this study is to investigate how the Middle Eastern and North African countries could benefit from this transition. We have made a sectoral analysis covering these countries to find out which sectors are advantageous in exporting to the Kingdom after the Brexit. It is found that along with the Brexit, automotive sectors in Turkey, Morocco and Tunisia could enhance its export to the Kingdom. For the textile sector, businesses in Turkey, Morocco, Tunisia, and Egypt are likely to increase their exports. In the region, another critical industry is electrical machinery and its equipment in which Turkey, Egypt, Morocco, Israel, and UAE have an export potential. When we evaluate all the countries in the region, Turkey seems to have the highest export potential to the UK after the Brexit.

References

  • Amirah, El-Haddad, “Exporting for growth: identifying leading sectors for Egypt and Tunisia using the Product Space Methodology”, German Development Institute/Deutsches Institut für Entwicklungspolitik (DIE), No. 25, 2018.
  • Belke, Ansgar, and Daniel Gros. “The economic impact of Brexit: Evidence from modelling free trade agreements.” Atlantic Economic Journal, 45, no. 3 (2017): 317-331.
  • Bisciari, Patrick. “A survey of the long-term impact of Brexit on the UK and the EU27 economies.” National Bank of Belgium, Working Paper No. 366, (2019).
  • Bloom, Nicholas, Philip Bunn, Scarlet Chen, Paul Mizen, Pawel Smietanka, and Gregory Thwaites. “The impact of Brexit on UK firms.” No. w26218. National Bureau of Economic Research, 2019.
  • Bruno, Randolph, Nauro Campos, Saul Estrin, and Meng Tian. “Gravitating towards Europe: an econometric analysis of the FDI effects of EU membership.” CEP technical paper, Brexit analysis 3 (2016): 1-13.
  • Busch, Berthold, and Jürgen Matthes. “Brexit-the economic impact: A meta-analysis.” No. 10/2016. IW-Report, 2016.
  • Dhingra, Swati, Hanwei Huang, Gianmarco Ottaviano, João Paulo Pessoa, Thomas Sampson, and John Van Reenen. “The costs and benefits of leaving the EU: trade effects.” Economic Policy 32, no. 92 (2017): 651-705.
  • Eaton, Jonathan, and Samuel Kortum. “Technology, geography, and trade.” Econometrica 70, no. 5 (2002): 1741-1779.
  • Emerson, Michael. “Which model for Brexit?.” In After Brexit, pp. 167-188. Palgrave Macmillan, Cham, 2017.
  • Hassan, Tarek Alexander, Stephan Hollander, Laurence Van Lent, and Ahmed Tahoun. “The global impact of Brexit uncertainty.” No. w26609. National Bureau of Economic Research, 2020.
  • Kohnert, Dirk. “The impact of Brexit on francophone Africa.” Review of African Political Economy 46, no. 162 (2019): 673-685.
  • Krugman, Paul. “Scale economies, product differentiation, and the pattern of trade.” The American Economic Review 70, no. 5 (1980): 950-959.
  • Lawless, Martina, and Edgar LW Morgenroth. “The product and sector level impact of a hard Brexit across the EU.” Contemporary social science 14, no. 2 (2019): 189-207.
  • “Makine İmalat Sektörü, Türkiye ve Dünya Değerlendirme Raporu”, MAKFED, October 2019, http://makfed.org/images/s/DegerlendirmeRaporu.pdf
  • Mihaela, Simionescu. “The impact of Brexit on the UK inwards FDI.” Economics, Management and Sustainability 3, no. 1 (2018).
  • Sampson, Thomas. “Brexit: the economics of international disintegration.” Journal of Economic perspectives 31, no. 4 (2017): 163-84.
  • Shahbandeh, M. “Textiles and clothing industry in Turkey.” 2 December 2020, https://www.statista.com/topics/4844/textiles-and-clothing-industry-in-turkey/
  • Sumption, Madeleine, and Denis Kierans, “Work visas and migrant workers in the UK”, Migration Observatory briefing, COMPAS, University of Oxford, UK, (2019). Terazi, Ebru, and Seçil Şenel, “The effects of the global financial crisis on the central and eastern European Union countries”, International Journal of Business and Social Science, 2, no. 17, (2011).
  • Tetlow, Gemma, and Alex Stojanovic. “Understanding the economic impact of Brexit.” Institute for government (2018): 2-76.
  • Tyler, Gloria. “Financial services: contribution to the UK economy.” House of Commons (2015).
  • Vandenbussche, Hylke. “Sector-Level Analysis of the Impact of Brexit on the EU-28.” Report for Flanders Department of Foreign Affairs, Belgium (2019).
  • “Automotive - Invest in Turkey”, Investment Office, 10 March 2021.
  • “Brexit: Seven things changing on 1 January”, 28 January 2021, https://www.bbc.com/news/explainers-54195827
  • “Brexit: What trade deals has the UK done so far?”, 8 February 2021, https://www.bbc.com/news/uk-47213842
  • “Iran's Economic Update”, World Bank, 9 October 2019, https://www.worldbank.org/en/country/iran/publication/economic-update-october-2019
  • “Morocco: Improving the international competitiveness of the textile and clothing sector”, 15 March 2021.
  • “Moroccan automotive value chain profile and opportunities”, 28 July 2020, https://www.tradecommissioner.gc.ca/
  • “Office for National Statistics”, UK, 3 March 2021, https://www.ons.gov.uk/
  • “Over 100,000 Reported Killed in Yemen War”, ACLED, 31 October 2019.
  • “Textile business Industry in China - Chinese Textile sector import and export overview”, Infomedia, 15 March 2021, https://www.textileinfomedia.com/textile-industry-in-china
  • “Textile Industry in Turkey in 2020”, ERAI Turkey, 12 May 2020, https://eraiturkey.com/news/textile-industry-in-turkey-in-2020/
  • “The economic context of Malta - Economic and Political Overview - Nordea Trade Portal”, April 2021, https://www.nordeatrade.com/fi/explore-new-market/malta/economical-context
  • “The Precious Metals Industry in Switzerland's Economy”, Institut de macroéconomie appliquée”, 15 March 2021, http://www.asfcmp.ch/pdf/precious-metals-industry-in-switzerlands-economy.pdf
  • “The unprecedented mass protests in Lebanon explained”, 22 September 2020, https://www.amnesty.org/en/latest/news/2019/11/lebanon-protests-explained/
  • “Trade Map”, ITC, 1 March 2021, https://www.trademap.org/
  • “UK and Japan sign free trade agreement”, UK Government, 23 October 2020.
  • “Yemen-Global Focus”, UNHCR, 9 March 2021, https://reporting.unhcr.org/node/2647
  • “Why has the Syrian war lasted 10 years?”, 12 March 2021, https://www.bbc.com/news/world-middle-east-35806229
  • “World Development Indicators-DataBank”, World Bank, 1 March 2021, https://databank.worldbank.org/reports.aspx?source=world-development-indicators
  • “What Makes Bangladesh — A Hub Of Garment Manufacturing?”, 18 July 2018.

Brexit: OKA Bölgesi İçin Yeni Bir Ticaret Fırsatı

Year 2021, Volume: 13 Issue: 3, 337 - 361, 12.11.2021
https://doi.org/10.47932/ortetut.931631

Abstract

Birleşik Krallığın Avrupa Birliğinden ayrılmasıyla birlikte hem birlik ülkeleri hem de diğer birçok ülke bunun kendi ekonomileri üzerine etkisini hesaplamaya başladılar. AB ülkeleri İngiltere ile ticaret yapabilmek için artık fazladan bürokratik işlemlere maruz kalacaklarından dolayı bu süreçten negatif etkilenecekler. Ancak, birlik üyesi olmayan ülkeler tam tersi Birleşik Krallıkla ticaret hacimlerini artıracaklar ve bu durumdan faydalanma şansına sahip olacaklar. Bu bakış açısıyla, çalışmamızda Orta Doğu ve Kuzey Afrika ülkelerinin bu süreçten ne kadar fayda sağlayacaklarını irdelemekteyiz. Bu doğrultuda, Orta Doğu ve Kuzey Afrika ülkelerinde sektörlerin tek tek ihracat potansiyelleri analiz edilmektedir. Bulunan sonuçlara göre; Brexit sonrası Türkiye, Fas ve Tunus’un otomotiv sektörlerinin Birleşik Krallığa ihracatını artırması mümkün gözükmektedir. Tekstil sektöründe ise Türkiye, Fas, Tunus ve Mısır’ın ihracatını artırma potansiyeli olduğu görülmektedir. 3. olarak ihracat potansiyeli bakımından bölgenin diğer önemli sanayisi, elektrikli makinalar ve bunların parçalarını üreten sektör olarak karşıma çıkmaktadır. Bu alanda da Türkiye, Mısır, Fas, İsrail ve BAE’nin öne çıktığı görülmektedir. Bölgenin tüm ülkelerini değerlendirdiğimizde Türkiye’nin Birleşik Krallığa ihracat potansiyeli bakımından oldukça önde olduğu görülmektedir.

References

  • Amirah, El-Haddad, “Exporting for growth: identifying leading sectors for Egypt and Tunisia using the Product Space Methodology”, German Development Institute/Deutsches Institut für Entwicklungspolitik (DIE), No. 25, 2018.
  • Belke, Ansgar, and Daniel Gros. “The economic impact of Brexit: Evidence from modelling free trade agreements.” Atlantic Economic Journal, 45, no. 3 (2017): 317-331.
  • Bisciari, Patrick. “A survey of the long-term impact of Brexit on the UK and the EU27 economies.” National Bank of Belgium, Working Paper No. 366, (2019).
  • Bloom, Nicholas, Philip Bunn, Scarlet Chen, Paul Mizen, Pawel Smietanka, and Gregory Thwaites. “The impact of Brexit on UK firms.” No. w26218. National Bureau of Economic Research, 2019.
  • Bruno, Randolph, Nauro Campos, Saul Estrin, and Meng Tian. “Gravitating towards Europe: an econometric analysis of the FDI effects of EU membership.” CEP technical paper, Brexit analysis 3 (2016): 1-13.
  • Busch, Berthold, and Jürgen Matthes. “Brexit-the economic impact: A meta-analysis.” No. 10/2016. IW-Report, 2016.
  • Dhingra, Swati, Hanwei Huang, Gianmarco Ottaviano, João Paulo Pessoa, Thomas Sampson, and John Van Reenen. “The costs and benefits of leaving the EU: trade effects.” Economic Policy 32, no. 92 (2017): 651-705.
  • Eaton, Jonathan, and Samuel Kortum. “Technology, geography, and trade.” Econometrica 70, no. 5 (2002): 1741-1779.
  • Emerson, Michael. “Which model for Brexit?.” In After Brexit, pp. 167-188. Palgrave Macmillan, Cham, 2017.
  • Hassan, Tarek Alexander, Stephan Hollander, Laurence Van Lent, and Ahmed Tahoun. “The global impact of Brexit uncertainty.” No. w26609. National Bureau of Economic Research, 2020.
  • Kohnert, Dirk. “The impact of Brexit on francophone Africa.” Review of African Political Economy 46, no. 162 (2019): 673-685.
  • Krugman, Paul. “Scale economies, product differentiation, and the pattern of trade.” The American Economic Review 70, no. 5 (1980): 950-959.
  • Lawless, Martina, and Edgar LW Morgenroth. “The product and sector level impact of a hard Brexit across the EU.” Contemporary social science 14, no. 2 (2019): 189-207.
  • “Makine İmalat Sektörü, Türkiye ve Dünya Değerlendirme Raporu”, MAKFED, October 2019, http://makfed.org/images/s/DegerlendirmeRaporu.pdf
  • Mihaela, Simionescu. “The impact of Brexit on the UK inwards FDI.” Economics, Management and Sustainability 3, no. 1 (2018).
  • Sampson, Thomas. “Brexit: the economics of international disintegration.” Journal of Economic perspectives 31, no. 4 (2017): 163-84.
  • Shahbandeh, M. “Textiles and clothing industry in Turkey.” 2 December 2020, https://www.statista.com/topics/4844/textiles-and-clothing-industry-in-turkey/
  • Sumption, Madeleine, and Denis Kierans, “Work visas and migrant workers in the UK”, Migration Observatory briefing, COMPAS, University of Oxford, UK, (2019). Terazi, Ebru, and Seçil Şenel, “The effects of the global financial crisis on the central and eastern European Union countries”, International Journal of Business and Social Science, 2, no. 17, (2011).
  • Tetlow, Gemma, and Alex Stojanovic. “Understanding the economic impact of Brexit.” Institute for government (2018): 2-76.
  • Tyler, Gloria. “Financial services: contribution to the UK economy.” House of Commons (2015).
  • Vandenbussche, Hylke. “Sector-Level Analysis of the Impact of Brexit on the EU-28.” Report for Flanders Department of Foreign Affairs, Belgium (2019).
  • “Automotive - Invest in Turkey”, Investment Office, 10 March 2021.
  • “Brexit: Seven things changing on 1 January”, 28 January 2021, https://www.bbc.com/news/explainers-54195827
  • “Brexit: What trade deals has the UK done so far?”, 8 February 2021, https://www.bbc.com/news/uk-47213842
  • “Iran's Economic Update”, World Bank, 9 October 2019, https://www.worldbank.org/en/country/iran/publication/economic-update-october-2019
  • “Morocco: Improving the international competitiveness of the textile and clothing sector”, 15 March 2021.
  • “Moroccan automotive value chain profile and opportunities”, 28 July 2020, https://www.tradecommissioner.gc.ca/
  • “Office for National Statistics”, UK, 3 March 2021, https://www.ons.gov.uk/
  • “Over 100,000 Reported Killed in Yemen War”, ACLED, 31 October 2019.
  • “Textile business Industry in China - Chinese Textile sector import and export overview”, Infomedia, 15 March 2021, https://www.textileinfomedia.com/textile-industry-in-china
  • “Textile Industry in Turkey in 2020”, ERAI Turkey, 12 May 2020, https://eraiturkey.com/news/textile-industry-in-turkey-in-2020/
  • “The economic context of Malta - Economic and Political Overview - Nordea Trade Portal”, April 2021, https://www.nordeatrade.com/fi/explore-new-market/malta/economical-context
  • “The Precious Metals Industry in Switzerland's Economy”, Institut de macroéconomie appliquée”, 15 March 2021, http://www.asfcmp.ch/pdf/precious-metals-industry-in-switzerlands-economy.pdf
  • “The unprecedented mass protests in Lebanon explained”, 22 September 2020, https://www.amnesty.org/en/latest/news/2019/11/lebanon-protests-explained/
  • “Trade Map”, ITC, 1 March 2021, https://www.trademap.org/
  • “UK and Japan sign free trade agreement”, UK Government, 23 October 2020.
  • “Yemen-Global Focus”, UNHCR, 9 March 2021, https://reporting.unhcr.org/node/2647
  • “Why has the Syrian war lasted 10 years?”, 12 March 2021, https://www.bbc.com/news/world-middle-east-35806229
  • “World Development Indicators-DataBank”, World Bank, 1 March 2021, https://databank.worldbank.org/reports.aspx?source=world-development-indicators
  • “What Makes Bangladesh — A Hub Of Garment Manufacturing?”, 18 July 2018.

خروج بريطانيا من الاتحاد الأوروبي: فرصة تجارية جديدة لمنطقة أوكا

Year 2021, Volume: 13 Issue: 3, 337 - 361, 12.11.2021
https://doi.org/10.47932/ortetut.931631

Abstract

بعد خروج المملكة المتحدة من الاتحاد الأوروبي ، بدأت العديد من الدول - سواء في الاتحاد أو في الخارج - في قياس آثارها المحتملة على اقتصاداتها. ببساطة ، ستتأثر دول الاتحاد الأوروبي سلبًا حيث سيُطلب منها القيام ببعض الأعمال الورقية الإضافية لتكون قادرة على الاستيراد من المملكة المتحدة أو التصدير إليها من الآن فصاعدًا. من ناحية أخرى ، فإن الدول غير الأعضاء في الاتحاد الأوروبي لديها فرصة لتوسيع صادراتها إلى المملكة التي تبحث عن تحسين علاقاتها التجارية مع الدول خارج الاتحاد. من وجهة النظر هذه ، هدفنا في هذه الدراسة هو التحقيق في كيفية استفادة دول الشرق الأوسط وشمال إفريقيا من هذا التحول. لقد أجرينا تحليلًا قطاعيًا يغطي هذه البلدان لمعرفة القطاعات المفيدة في التصدير إلى المملكة بعد خروج بريطانيا من الاتحاد الأوروبي. وجد أنه إلى جانب خروج بريطانيا من الاتحاد الأوروبي ، يمكن لقطاعات السيارات في تركيا والمغرب وتونس تعزيز صادراتها إلى المملكة. بالنسبة لقطاع النسيج ، من المرجح أن تزيد الشركات في تركيا والمغرب وتونس ومصر من صادراتها. في المنطقة ، هناك صناعة أخرى مهمة وهي الآلات الكهربائية ومعداتها التي تمتلك فيها تركيا ومصر والمغرب وإسرائيل والإمارات العربية المتحدة إمكانات تصدير. عندما نقوم بتقييم جميع البلدان في المنطقة ، يبدو أن تركيا لديها أعلى إمكانات تصدير إلى المملكة المتحدة بعد خروج بريطانيا من الاتحاد الأوروبي.

References

  • Amirah, El-Haddad, “Exporting for growth: identifying leading sectors for Egypt and Tunisia using the Product Space Methodology”, German Development Institute/Deutsches Institut für Entwicklungspolitik (DIE), No. 25, 2018.
  • Belke, Ansgar, and Daniel Gros. “The economic impact of Brexit: Evidence from modelling free trade agreements.” Atlantic Economic Journal, 45, no. 3 (2017): 317-331.
  • Bisciari, Patrick. “A survey of the long-term impact of Brexit on the UK and the EU27 economies.” National Bank of Belgium, Working Paper No. 366, (2019).
  • Bloom, Nicholas, Philip Bunn, Scarlet Chen, Paul Mizen, Pawel Smietanka, and Gregory Thwaites. “The impact of Brexit on UK firms.” No. w26218. National Bureau of Economic Research, 2019.
  • Bruno, Randolph, Nauro Campos, Saul Estrin, and Meng Tian. “Gravitating towards Europe: an econometric analysis of the FDI effects of EU membership.” CEP technical paper, Brexit analysis 3 (2016): 1-13.
  • Busch, Berthold, and Jürgen Matthes. “Brexit-the economic impact: A meta-analysis.” No. 10/2016. IW-Report, 2016.
  • Dhingra, Swati, Hanwei Huang, Gianmarco Ottaviano, João Paulo Pessoa, Thomas Sampson, and John Van Reenen. “The costs and benefits of leaving the EU: trade effects.” Economic Policy 32, no. 92 (2017): 651-705.
  • Eaton, Jonathan, and Samuel Kortum. “Technology, geography, and trade.” Econometrica 70, no. 5 (2002): 1741-1779.
  • Emerson, Michael. “Which model for Brexit?.” In After Brexit, pp. 167-188. Palgrave Macmillan, Cham, 2017.
  • Hassan, Tarek Alexander, Stephan Hollander, Laurence Van Lent, and Ahmed Tahoun. “The global impact of Brexit uncertainty.” No. w26609. National Bureau of Economic Research, 2020.
  • Kohnert, Dirk. “The impact of Brexit on francophone Africa.” Review of African Political Economy 46, no. 162 (2019): 673-685.
  • Krugman, Paul. “Scale economies, product differentiation, and the pattern of trade.” The American Economic Review 70, no. 5 (1980): 950-959.
  • Lawless, Martina, and Edgar LW Morgenroth. “The product and sector level impact of a hard Brexit across the EU.” Contemporary social science 14, no. 2 (2019): 189-207.
  • “Makine İmalat Sektörü, Türkiye ve Dünya Değerlendirme Raporu”, MAKFED, October 2019, http://makfed.org/images/s/DegerlendirmeRaporu.pdf
  • Mihaela, Simionescu. “The impact of Brexit on the UK inwards FDI.” Economics, Management and Sustainability 3, no. 1 (2018).
  • Sampson, Thomas. “Brexit: the economics of international disintegration.” Journal of Economic perspectives 31, no. 4 (2017): 163-84.
  • Shahbandeh, M. “Textiles and clothing industry in Turkey.” 2 December 2020, https://www.statista.com/topics/4844/textiles-and-clothing-industry-in-turkey/
  • Sumption, Madeleine, and Denis Kierans, “Work visas and migrant workers in the UK”, Migration Observatory briefing, COMPAS, University of Oxford, UK, (2019). Terazi, Ebru, and Seçil Şenel, “The effects of the global financial crisis on the central and eastern European Union countries”, International Journal of Business and Social Science, 2, no. 17, (2011).
  • Tetlow, Gemma, and Alex Stojanovic. “Understanding the economic impact of Brexit.” Institute for government (2018): 2-76.
  • Tyler, Gloria. “Financial services: contribution to the UK economy.” House of Commons (2015).
  • Vandenbussche, Hylke. “Sector-Level Analysis of the Impact of Brexit on the EU-28.” Report for Flanders Department of Foreign Affairs, Belgium (2019).
  • “Automotive - Invest in Turkey”, Investment Office, 10 March 2021.
  • “Brexit: Seven things changing on 1 January”, 28 January 2021, https://www.bbc.com/news/explainers-54195827
  • “Brexit: What trade deals has the UK done so far?”, 8 February 2021, https://www.bbc.com/news/uk-47213842
  • “Iran's Economic Update”, World Bank, 9 October 2019, https://www.worldbank.org/en/country/iran/publication/economic-update-october-2019
  • “Morocco: Improving the international competitiveness of the textile and clothing sector”, 15 March 2021.
  • “Moroccan automotive value chain profile and opportunities”, 28 July 2020, https://www.tradecommissioner.gc.ca/
  • “Office for National Statistics”, UK, 3 March 2021, https://www.ons.gov.uk/
  • “Over 100,000 Reported Killed in Yemen War”, ACLED, 31 October 2019.
  • “Textile business Industry in China - Chinese Textile sector import and export overview”, Infomedia, 15 March 2021, https://www.textileinfomedia.com/textile-industry-in-china
  • “Textile Industry in Turkey in 2020”, ERAI Turkey, 12 May 2020, https://eraiturkey.com/news/textile-industry-in-turkey-in-2020/
  • “The economic context of Malta - Economic and Political Overview - Nordea Trade Portal”, April 2021, https://www.nordeatrade.com/fi/explore-new-market/malta/economical-context
  • “The Precious Metals Industry in Switzerland's Economy”, Institut de macroéconomie appliquée”, 15 March 2021, http://www.asfcmp.ch/pdf/precious-metals-industry-in-switzerlands-economy.pdf
  • “The unprecedented mass protests in Lebanon explained”, 22 September 2020, https://www.amnesty.org/en/latest/news/2019/11/lebanon-protests-explained/
  • “Trade Map”, ITC, 1 March 2021, https://www.trademap.org/
  • “UK and Japan sign free trade agreement”, UK Government, 23 October 2020.
  • “Yemen-Global Focus”, UNHCR, 9 March 2021, https://reporting.unhcr.org/node/2647
  • “Why has the Syrian war lasted 10 years?”, 12 March 2021, https://www.bbc.com/news/world-middle-east-35806229
  • “World Development Indicators-DataBank”, World Bank, 1 March 2021, https://databank.worldbank.org/reports.aspx?source=world-development-indicators
  • “What Makes Bangladesh — A Hub Of Garment Manufacturing?”, 18 July 2018.
There are 40 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Recep Yorulmaz 0000-0001-9769-2100

Savaş Kaptan 0000-0003-1401-6620

Publication Date November 12, 2021
Published in Issue Year 2021 Volume: 13 Issue: 3

Cite

Chicago Yorulmaz, Recep, and Savaş Kaptan. “Brexit: An Emerging Trade Opportunity in MENA”. Ortadoğu Etütleri 13, no. 3 (November 2021): 337-61. https://doi.org/10.47932/ortetut.931631.

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