The Impact of the COMESA and Mercosur Agreements on the Egyptian Agricultural Trade Balance

Abu Qamar, Asmaa Abd El Fattah Ali Ali; Mohamed, Basma Mostafa

doi:10.21608/alexja.2024.298688.1077

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	The Impact of the COMESA and Mercosur Agreements on the Egyptian Agricultural Trade Balance " أثر اتفاقية الكوميسا والميركسور علي الميزان التجاري الزراعي المصري"
Article 2, Volume 69, Issue 3, September 2024, Page 286-303 PDF (4.54 MB)
Document Type: Original Article
DOI: 10.21608/alexja.2024.298688.1077
View on SCiNiTO
Authors
Asmaa Abd el Fattah Ali Ali Abu Qamar ; Basma Mostafa Mohamed
Department of Agricultural Economics - Faculty of Agriculture - Ain Shams University
Receive Date: 23 June 2024, Revise Date: 13 July 2024, Accept Date: 15 July 2024
Abstract
Egypt has moved to strengthen its economic relations at the regional, international and bilateral levels, as Egypt has signed many free trade agreements, with the aim of trying to benefit from these agreements, due to the resulting commercial advantages of preferential treatment for the members of these agreements, and therefore Egypt is trying to increase the volume of its trade. Foreign Affairs with the agreement countries, and opening more markets for their exports, as an attempt to reduce the ongoing deficit in their agricultural trade balance. Therefore, the study aimed to analyze and measure the impact of the COMESA and Mercosur agreements on the Egyptian agricultural trade balance. The study reached a number of research results, the most important of which is that the agricultural trade balance between Egypt and COMESA during the period (2008-2022) achieves a surplus in favor of Egypt, while the agricultural trade balance between Egypt and Mercosur during the same period suffers from a severe deficit, as shown by the results of the model. The attractiveness between Egypt and COMESA: There is a direct effect of Egypt’s GDP on the agricultural trade balance surplus between Egypt and COMESA, while there is an inverse effect of COMESA’s GDP, the geographical distance between Egypt and COMESA, and Egypt’s exchange rate on the agricultural trade balance between Egypt and COMESA during the period studied. The results of the gravity model between Egypt and Mercosur showed that there is a direct effect of the gross domestic product of the Mercosur countries on the agricultural trade deficit between Egypt and Mercosur, while there is an inverse effect for Egypt’s GDP, the geographical distance between Egypt and Mercosur, and Egypt’s exchange rate, and among the most important recommendations of the research. An attempt to study the demand for various agricultural commodities for the most important Mercosur countries in an attempt to provide their needs, and increase Egypt’s exports of those commodities to the Mercosur countries, which helps to address the deficit in the agricultural trade balance between Egypt and the Mercosur countries.
Keywords
Trade Balance; COMESA; Mercosur, Gravity Model
Main Subjects
Agricultural Economic and Social Sciences


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The Impact of the COMESA and Mercosur Agreements on the Egyptian Agricultural Trade Balance " أثر اتفاقية الكوميسا والميركسور علي الميزان التجاري الزراعي المصري"