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Trade Restrictiveness in the CEMAC Region. The Case of Congo

Trade Restrictiveness in the CEMAC Region. The Case of Congo by Maria-Angels Oliva
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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.
International Monetary Fund; January 2008
32 pages; ISBN 9781452700663
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Title: Trade Restrictiveness in the CEMAC Region. The Case of Congo
Author: Maria-Angels Oliva