Central African Economic and Monetary Community: Selected Issues
Volume/Issue:
Volume 2006
Issue 309
Publication date: August 2006
ISBN: 9781451806533
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Exports and Imports , Taxation - General , International - Economics , ISCR , CR , CEMAC , trade , tariff , import , Cameroon , CEMAC country , CEMAC trade regime , Doha round , member country , CEMAC imports , customs union , Tariffs , Imports , Exports , Trade liberalization , Trade facilitation , Africa
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Summary
The creation, in 1994, of the Central African Economic and Monetary Community (CEMAC) customs union was a major step in the regional integration process in central Africa. The implementation of the agreed regime by the member countries, however, has remained unsatisfactory. A 2002–03 initiative to improve policy implementation has largely stalled. Several recent initiatives concerning external trade provide new challenges and opportunities for welfare-enhancing reforms. Although the 1994 reforms that created the CEMAC customs union were a major step forward, the trade regime remains plagued by poor implementation.
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