Trade Restrictiveness in the CEMAC Region. The Case of Congo

 
Author/Editor: Oliva, Maria-Angels
 
Publication Date: January 01, 2008
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: Congo's vital dependence on trade for development stands in contradiction with its trade policy. As a member of the CEMAC, Congo's tariff scheme at least formally is guided by CEMAC's 1994 trade regime agreement. This paper shows CEMAC's customs code is restrictive relative to that of comparable regional integration groups. The paper also discusses a number of quantitative and qualitative barriers to trade applied by Congo that render its current regime complex, nontransparent, and relatively unpredictable, compromising efforts to develop the non-oil sector and the country's export base. Moreover, Congo's high tariffs and other taxes have not led to higher fiscal revenues, as the number of exemptions granted in recent years has surged and customs administration remains weak.
 
Series: Working Paper No. 08/15
Subject(s): Trade restrictions | Congo, Republic of | Revenues | Trade policy

Author's Keyword(s): Tariff barriers | nontariff barriers | exemptions | custom revenue | CEMAC
 
English
Publication Date: January 01, 2008
Format: Paper
Stock No: WPIEA2008015 Pages: 32
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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