Trade Reform in the CEMAC: Developments and Opportunities

26 Pages Posted: 18 Jun 2007

See all articles by Jan Kees Martijn

Jan Kees Martijn

International Monetary Fund (IMF)

Charalambos G. Tsangarides

International Monetary Fund (IMF)

Date Written: June 2007

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.

Keywords: Working Paper

Suggested Citation

Martijn, Jan Kees and Tsangarides, Charalambos G., Trade Reform in the CEMAC: Developments and Opportunities (June 2007). IMF Working Paper No. 07/137, Available at SSRN: https://ssrn.com/abstract=994467

Jan Kees Martijn (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Charalambos G. Tsangarides

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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