Trade in the WAEMU: Developments and Reform Opportunities

26 Pages Posted: 24 Mar 2008

See all articles by Manuela Goretti

Manuela Goretti

International Monetary Fund (IMF)

Hans Weisfeld

International Monetary Fund (IMF)

Date Written: March 2008

Abstract

This paper provides an overview of trade reform in the West African Economic and Monetary Union (WAEMU) since 1996 and a quantitative assessment of potential effects on trade patterns and tariff revenue of the current reform agenda. Despite evidence of significant trade complementarities within WAEMU, implementation of the union's current trade regime still suffers from persistent non-tariff barriers and administrative weaknesses. Based on an assessment of prospects for further trade integration, the paper also recommends strengthening the implementation of the present tariff union and supports the plan to extend it to all ECOWAS members. Finally, the paper stresses that an Economic Partnership Agreement with the EU could bring to the region the political momentum needed to address the weaknesses of the current trade regime, while also underlining the corresponding challenges in terms of trade diversion and tariff revenue losses.

Suggested Citation

Goretti, Manuela and Weisfeld, Hans, Trade in the WAEMU: Developments and Reform Opportunities (March 2008). IMF Working Papers, Vol. , pp. 1-24, 2008. Available at SSRN: https://ssrn.com/abstract=1112210

Manuela Goretti (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street N.W.
Washington, DC 20431
United States

Hans Weisfeld

International Monetary Fund (IMF)

700 19th Street, N.W.
Washington, DC 20431
United States

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