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Tax Structure, Competitiveness of Firms, and International Trade in Africa: Lessons from WAEMU and CEMAC for CFTA

In: The Palgrave Handbook of Africa’s Economic Sectors

Author

Listed:
  • Nihal Bayraktar

    (School of Business Administration)

Abstract

The success of a trade agreement highly depends on improving the structure and coordination of taxes, especially the ones affecting firms which create jobs and support higher welfare gains and trade. In this chapter, the tax structure of Africa’s recently created Continental Free Trade Area (CFTA) is evaluated to understand its possible impacts on member countries’ international competitiveness and the future success of the agreement in light of lessons from two smaller trade regions in Africa (Central African Economic and Monetary Community (CEMAC) and West African Economic and Monetary Union (WAEMU)). Their experiences show that the development of the CFTA process may not be easy and full of serious challenges.

Suggested Citation

  • Nihal Bayraktar, 2022. "Tax Structure, Competitiveness of Firms, and International Trade in Africa: Lessons from WAEMU and CEMAC for CFTA," Springer Books, in: Evelyn F. Wamboye & Bichaka Fayissa (ed.), The Palgrave Handbook of Africa’s Economic Sectors, pages 651-670, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-75556-0_25
    DOI: 10.1007/978-3-030-75556-0_25
    as

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