Summary :

From a policy perspective, what do we conclude from these results: The opening
up of markets leads to opportunities and to the possibility of net welfare gains.This
result is well established from international trade theory and from a wide range of
empirical evidence. There are many sources of these gains, but only some of which
are accounted for in a modelling framework such as the one we have used. The
extent of the gains will depend critically both on the level of non-tariff barriers
between the EU and Tunisia and on the extent of any reductions in both tariff and
non-tariff barriers. It is therefore extremely important that more work is
undertaken to better understand the extent of these barriers and what specific
policies are needed to ensure their removal.