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Trade Reform in the CEMAC : Developments and Opportunities

Author: Charalambos G Tsangarides; Jan Kees Martijn; International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, 2007.
Series: IMF Working Papers.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Tsangarides, Charalambos G.
Trade Reform in the CEMAC: Developments and Opportunities.
Washington : International Monetary Fund, ©2007
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Charalambos G Tsangarides; Jan Kees Martijn; International Monetary Fund.
ISBN: 1451911548 9781451911541
OCLC Number: 815734254
Notes: Available in PDF, ePUB, and Mobi formats on the Internet.
Description: 1 online resource (24 pages).
Contents: I. Introduction; II. The Current Regime: Characteristics, Deficiencies, and Reforms; A. Trade Characteristics; Figures; 1. Oil and Non-Oil Exports to GDP; 2. Composition of CEMAC Exports to Various Partners; Tables; 1. CEMAC: Sources of Imports and Tariff Revenue by Region of Origin; 3. Composition of CEMAC Imports from Various Partners; B. Deficiencies and Reforms; 2. CEMAC: Sources of Imports and Tariff Revenue by Import Tariff Band; 4. Intraregional Exports for Selected Regional Groups; 5. Intraregional Imports for Selected Regional Groups; Boxes. 1. Problems in Implementing the Agreed Trade Regime in Chad2. Implementation of the Trade Regime in the Republic of Congo; 3. Doing Business Survey (2006): Trading Across Borders; 4. Doing Business Survey (2006); III. Prospects for Enhancing Intra-community Trade; 5. CEMAC: Sources of Imports and Tariff Revenue by Produce Type; 3. Transportation Delays and Costs; 6. Trade Complementarity Index in the CEMAC; 7. Trade Complementarity Index in the WAEMU; 8. Simple Average MFN Tariffs; IV. Recent Trade Initiatives; A. Reducing the CET; 9. CEMAC and WAEMU MFN Import Tariff Rates by Sector. 10. CEMAC: Tariff Receips in Percent of GDP11. CEMAC: Scenarios for Tariff Receipts in Percent of GDP; B. Economic Partnership Agreement; 12. CEMAC: Indications of the Scope for Trade Diversion; C. Global Trade Liberalization; 4. The Doha Round and Africa's Preference Erosion1; V. Concluding Remarks and Policy Recommendations; References.
Series Title: IMF Working Papers.
Other Titles: IMF eLibrary.
Responsibility: Tsangarides, Charalambos G.

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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