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Regional trade arrangements in Africa : past performance and the way forward

Author: Yongzheng Yang; Sanjeev Gupta; International Monetary Fund. African Department,
Publisher: [Washington, D.C] : International Monetary Fund, ©2005.
Series: IMF working paper, WP/05/36.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Regional trade arrangements (RTAs) in Africa have been ineffective in promoting trade and foreign direct investment. Relatively high external trade barriers and low resource complementarity between member countries limit both intra- and extraregional trade. Small market size, poor transport facilities and high trading costs make it difficult for African countries to reap the potential benefits of RTAs. To increase  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Yang, Yongzheng.
Regional trade arrangements in Africa.
[Washington, D.C] : International Monetary Fund, ©2005
(OCoLC)58598719
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Yongzheng Yang; Sanjeev Gupta; International Monetary Fund. African Department,
ISBN: 9781451905915 1451905912
OCLC Number: 647420134
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (44 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/05/36.
Responsibility: prepared by Yongzheng Yang and Sanjeev Gupta.

Abstract:

Regional trade arrangements (RTAs) in Africa have been ineffective in promoting trade and foreign direct investment. Relatively high external trade barriers and low resource complementarity between member countries limit both intra- and extraregional trade. Small market size, poor transport facilities and high trading costs make it difficult for African countries to reap the potential benefits of RTAs. To increase regional trade and investment, African countries need to undertake more broad-based liberalization and streamline existing RTAs, supported by improvements in infrastructure and trade facilitation. Early action to strengthen the domestic revenue base would help address concerns over revenue losses from trade liberalization.

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