The EU-Libya Trade Sustainability Impact Assessment (SIA) informs the negotiations of a Free Trade Agreement (FTA) between the European Community and its Member States and Libya. Trade SIAs assess the potential impacts of proposed liberalisation on all pillars of sustainable development in order to help optimise policy decision-making. Consultation with key stakeholders in Europe and Libya is an important component throughout the SIA.
Trade SIAs assess not only the more traditional aspects of economic impacts (for example on trade and output growth), but also on the non-trade impacts of liberalisation (for example, social, environmental and development dimensions). The EU-Libya SIA includes a quantitative analysis of GDP components, an overview of the most significant industrial and services sectors, Libya’s external trade, existing legal and regulatory frameworks, the labour market situation and environmental issues. Following this, several alternative liberalisation scenarios are defined and analysed. Quantitative analysis is enhanced by additional econometric and qualitative analysis. The project includes detailed sectoral analyses and includes a series of policy recommendations.
The project was implemented by consortium of partners including DEVELOPMENT Solutions, the Centre for Economic Policy Research, the Institute for Development Policy and Management of the University of Manchester School of Environment and Development and MEC International.
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