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Trade Reform in the CEMAC

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Author Info

  • Charalambos G. Tsangarides
  • Jan Kees Martijn

Abstract

This paper provides an update on the main elements of the reform agenda concerning the CEMAC trade regime as well as a tentative quantitative assessment of selected effects on tariff revenues and trade patterns. Notwithstanding data limitations, the key messages from the analysis are as follows. First, there is a need for a renewed political commitment to regional integration. In addition, key measures for improving compliance with the requirements for a customs union need to be introduced, including limiting tariff exemptions, phasing out remaining surcharges, strengthening the determination of products'' country origin, and enhancing customs administration. There is also a need to improve transportation infrastructure and organization. Finally, there is a strong case for tariff reduction, with or without an EPA. Trade liberalization would help boost economic growth and poverty alleviation and limit risks of trade diversion with an EPA. Tariff reform should be complemented by improvements in domestic revenue mobilization.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 07/137.

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Length: 24
Date of creation: 01 Jun 2007
Date of revision:
Handle: RePEc:imf:imfwpa:07/137

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Related research

Keywords: Trade policy; Central African Economic and Monetary Community; Revenue mobilization; trade liberalization; tariff rates; export taxes; trade regime; trade diversion; regional trade; tariff revenue; rules of origin; oil exports; trade flows; preference erosion; tariff cuts; export prices; tariff reductions; import tariff; global trade; external trade; regional integration; intraregional exports; customs administration; trade facilitation; global trade liberalization; trade integration; tariff reform; import tariffs; tariff escalation; world trade organization; trade policy review; world trade; tariff schedule; tariff revenues; tariff reduction; internal trade; trade patterns; poverty alleviation; export sector; quantitative restrictions; liberal rules; export data; merchandise exports; exporter; world market; export volumes; external tariffs; free trade area; domestic prices; mfn tariffs; export industries; preferential tariff; oil export; world economy; exporters; trade reform; trade area; economic community; trade arrangements; trade taxes; import side; imported goods; net exporters; free trade; tariff rate; tariff preferences; export base; world prices; expanding trade; partner countries; trade barriers; export service; multilateral trade; full liberalization; domestic industries; neighboring countries; import barriers; domestic producers; country of origin; external liberalization; country of destination; nontariff barriers; export basket; tariff policy; total exports; indirect tax; preferential agreements; export regime; external tariff; oil prices; agricultural trade liberalization; trade creation; impact of trade; regional trade arrangements; regional trade integration; protectionist bias; tariff levels; preferential tariff treatment; non-member countries; trade preferences; re-exports; increased trade; preferential access; agricultural trade; domestic consumption; import duties; liberalization of trade; multilateral trade reform; restrictive rules of origin; import duty; trade agreements; export products; impact of trade liberalization; trade rules; terms of trade; import liberalization; balance of payments; international trade; trade restrictions;

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Cited by:
  1. Hans Weisfeld & Manuela Goretti, 2008. "Trade in the WAEMU," IMF Working Papers 08/68, International Monetary Fund.
  2. Ngeleza, Guyslain K. & Muhammad, Andrew, 2009. "Preferential trade agreements between the monetary community of Central Africa and the European Union: Stumbling or building blocks? A general equilibrium approach," IFPRI discussion papers, International Food Policy Research Institute (IFPRI) 859, International Food Policy Research Institute (IFPRI).

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