Trade Reform in the CEMAC: Developments and Opportunities
AbstractThis 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 InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 07/137.
Date of creation: 01 Jun 2007
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This paper has been announced in the following NEP Reports:
- NEP-AFR-2007-06-23 (Africa)
- NEP-ALL-2007-06-23 (All new papers)
- NEP-DEV-2007-06-23 (Development)
- NEP-INT-2007-06-23 (International Trade)
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- Hans Weisfeld & Manuela Goretti, 2008. "Trade in the WAEMU: Developments and Reform Opportunities," IMF Working Papers 08/68, International Monetary Fund.
- 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 859, International Food Policy Research Institute (IFPRI).
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