This paper proposes an extensive data simulation exercise on the likely impact of the non agricul... more This paper proposes an extensive data simulation exercise on the likely impact of the non agricultural market access liberalisation. We propose real options for various formula coefficients, paragraph 8 flexibilities and the treatment of unbound tariffs. Furthermore, we propose an empirical work, by putting together a combination of databases and a methodology allowing to assess systematically and exhaustively, for African countries suspected to apply tariff formula reduction on NAMA negotiations and for each of the six- digit level lines of the Harmonised System classification (hereafter, HS-6 level), the AVE of the binding overhang, and the impact on applied duties of any cut in bound protection. This paper proposes also some indications concerning the likely economic impact of this round on African economies. We show that an ambitious formula would provide greater access to the developed countries' markets for African producers. However, this kind of formula has an important...
Th is paper examines the performance, promotion, and prospects for foreign direct investment (FDI... more Th is paper examines the performance, promotion, and prospects for foreign direct investment (FDI) in Africa. Factors such as political and macroeconomic instability, low growth, weak infrastructure, poor governance, inhospitable regulatory environments, and ill-conceived investment promotion strategies, are identified as responsible for the poor FDI record of the region. Th e paper stresses the need for more trade and investment relations between Africa and Asia. It also argues that countries in the region should pay more attention to the improvement,of relations with existing investors and offer them incentives to assist in marketing domestic investment opportunities to potential foreign investors. Finally, the paper argues that the current wave of globalizationsweeping through the world has intensified the competition for FDI among developing countries. Consequently, concerted eff orts are needed at the national, regional, and international levels in order to attract signifi cant...
... 1 Hakim Ben Hammouda Stephen Karingi Nassim Oulmane Mustapha Sadni Jallab ... Alongside the o... more ... 1 Hakim Ben Hammouda Stephen Karingi Nassim Oulmane Mustapha Sadni Jallab ... Alongside the opening-up of developed-country markets, African countries yearn for more protection mechanisms to foster their development in the industrial sphere. ...
The present study consists of eight sections. After the introduction, we present in the first sec... more The present study consists of eight sections. After the introduction, we present in the first section, the profile of the ACP-EU cooperation agreements from Lomé to Cotonou. We also show how a certain “grey areas” in the WTO rules on regional agreements can enable African countries to benefit more from the EPAs by taking advantage of greater flexibility. The next section presents some graphical data on Africa’s trade flows in general and on trade flows of ECOWAS in particular. The third section deals with the analytical framework in general equilibrium. It contains a presentation of the Global Trade Analysis Project (GTAP) model used for assessing the impact of different partnership agreement options. In the fourth section, we focus on the characteristics of African economies, which are drawn from the GTAP database and which play a key role in the operative interactions in this kind of liberalization. The fifth section deals with the analytical framework in partial equilibrium which...
Regional Integration and Policy Challenges in Africa
Capital flight from developing countries has increased tremendously in the last decade. A large p... more Capital flight from developing countries has increased tremendously in the last decade. A large portion of these flows occurs via illicit means. Kar and Cartwright (2010) estimate such illicit financial flows from Africa between 1970 and 2008 to be about US$854 billion. This cumulative amount is considerable and equivalent to nearly all of the Official Development Aid (ODA) received by Africa during that 39-year period (Kar and Cartwright, 2010). From a different perspective, only one-third of the Illicit Financial Flows (IFF) would have fully covered the continent’s external debt of US$279 billion in 2008 (UNECA, 2009). Such a phenomenon takes even more importance as Africa is deepening its regional integration and critically needs to implement costly reforms to ensure the integration process is effective.
This paper proposes an extensive data simulation exercise on the likely impact of the non agricul... more This paper proposes an extensive data simulation exercise on the likely impact of the non agricultural market access liberalisation. We propose real options for various formula coefficients, paragraph 8 flexibilities and the treatment of unbound tariffs. Furthermore, we propose an empirical work, by putting together a combination of databases and a methodology allowing to assess systematically and exhaustively, for African countries suspected to apply tariff formula reduction on NAMA negotiations and for each of the six- digit level lines of the Harmonised System classification (hereafter, HS-6 level), the AVE of the binding overhang, and the impact on applied duties of any cut in bound protection. This paper proposes also some indications concerning the likely economic impact of this round on African economies. We show that an ambitious formula would provide greater access to the developed countries' markets for African producers. However, this kind of formula has an important...
Th is paper examines the performance, promotion, and prospects for foreign direct investment (FDI... more Th is paper examines the performance, promotion, and prospects for foreign direct investment (FDI) in Africa. Factors such as political and macroeconomic instability, low growth, weak infrastructure, poor governance, inhospitable regulatory environments, and ill-conceived investment promotion strategies, are identified as responsible for the poor FDI record of the region. Th e paper stresses the need for more trade and investment relations between Africa and Asia. It also argues that countries in the region should pay more attention to the improvement,of relations with existing investors and offer them incentives to assist in marketing domestic investment opportunities to potential foreign investors. Finally, the paper argues that the current wave of globalizationsweeping through the world has intensified the competition for FDI among developing countries. Consequently, concerted eff orts are needed at the national, regional, and international levels in order to attract signifi cant...
" This year's Africa Growth and Opportunity Act (AGOA) Forum, held on August 2-3, 2010 ... more " This year's Africa Growth and Opportunity Act (AGOA) Forum, held on August 2-3, 2010 in Washington, DC, recognizes 10 years of trade and development cooperation between the United States and Africa. The forum brings together senior government trade officials from ...
This paper proposes an extensive data simulation exercise on the likely impact of the non agricul... more This paper proposes an extensive data simulation exercise on the likely impact of the non agricultural market access liberalisation. We propose real options for various formula coefficients, paragraph 8 flexibilities and the treatment of unbound tariffs. Furthermore, we propose an empirical work, by putting together a combination of databases and a methodology allowing to assess systematically and exhaustively, for African countries suspected to apply tariff formula reduction on NAMA negotiations and for each of the six- digit level lines of the Harmonised System classification (hereafter, HS-6 level), the AVE of the binding overhang, and the impact on applied duties of any cut in bound protection. This paper proposes also some indications concerning the likely economic impact of this round on African economies. We show that an ambitious formula would provide greater access to the developed countries' markets for African producers. However, this kind of formula has an important...
Th is paper examines the performance, promotion, and prospects for foreign direct investment (FDI... more Th is paper examines the performance, promotion, and prospects for foreign direct investment (FDI) in Africa. Factors such as political and macroeconomic instability, low growth, weak infrastructure, poor governance, inhospitable regulatory environments, and ill-conceived investment promotion strategies, are identified as responsible for the poor FDI record of the region. Th e paper stresses the need for more trade and investment relations between Africa and Asia. It also argues that countries in the region should pay more attention to the improvement,of relations with existing investors and offer them incentives to assist in marketing domestic investment opportunities to potential foreign investors. Finally, the paper argues that the current wave of globalizationsweeping through the world has intensified the competition for FDI among developing countries. Consequently, concerted eff orts are needed at the national, regional, and international levels in order to attract signifi cant...
... 1 Hakim Ben Hammouda Stephen Karingi Nassim Oulmane Mustapha Sadni Jallab ... Alongside the o... more ... 1 Hakim Ben Hammouda Stephen Karingi Nassim Oulmane Mustapha Sadni Jallab ... Alongside the opening-up of developed-country markets, African countries yearn for more protection mechanisms to foster their development in the industrial sphere. ...
The present study consists of eight sections. After the introduction, we present in the first sec... more The present study consists of eight sections. After the introduction, we present in the first section, the profile of the ACP-EU cooperation agreements from Lomé to Cotonou. We also show how a certain “grey areas” in the WTO rules on regional agreements can enable African countries to benefit more from the EPAs by taking advantage of greater flexibility. The next section presents some graphical data on Africa’s trade flows in general and on trade flows of ECOWAS in particular. The third section deals with the analytical framework in general equilibrium. It contains a presentation of the Global Trade Analysis Project (GTAP) model used for assessing the impact of different partnership agreement options. In the fourth section, we focus on the characteristics of African economies, which are drawn from the GTAP database and which play a key role in the operative interactions in this kind of liberalization. The fifth section deals with the analytical framework in partial equilibrium which...
Regional Integration and Policy Challenges in Africa
Capital flight from developing countries has increased tremendously in the last decade. A large p... more Capital flight from developing countries has increased tremendously in the last decade. A large portion of these flows occurs via illicit means. Kar and Cartwright (2010) estimate such illicit financial flows from Africa between 1970 and 2008 to be about US$854 billion. This cumulative amount is considerable and equivalent to nearly all of the Official Development Aid (ODA) received by Africa during that 39-year period (Kar and Cartwright, 2010). From a different perspective, only one-third of the Illicit Financial Flows (IFF) would have fully covered the continent’s external debt of US$279 billion in 2008 (UNECA, 2009). Such a phenomenon takes even more importance as Africa is deepening its regional integration and critically needs to implement costly reforms to ensure the integration process is effective.
This paper proposes an extensive data simulation exercise on the likely impact of the non agricul... more This paper proposes an extensive data simulation exercise on the likely impact of the non agricultural market access liberalisation. We propose real options for various formula coefficients, paragraph 8 flexibilities and the treatment of unbound tariffs. Furthermore, we propose an empirical work, by putting together a combination of databases and a methodology allowing to assess systematically and exhaustively, for African countries suspected to apply tariff formula reduction on NAMA negotiations and for each of the six- digit level lines of the Harmonised System classification (hereafter, HS-6 level), the AVE of the binding overhang, and the impact on applied duties of any cut in bound protection. This paper proposes also some indications concerning the likely economic impact of this round on African economies. We show that an ambitious formula would provide greater access to the developed countries' markets for African producers. However, this kind of formula has an important...
Th is paper examines the performance, promotion, and prospects for foreign direct investment (FDI... more Th is paper examines the performance, promotion, and prospects for foreign direct investment (FDI) in Africa. Factors such as political and macroeconomic instability, low growth, weak infrastructure, poor governance, inhospitable regulatory environments, and ill-conceived investment promotion strategies, are identified as responsible for the poor FDI record of the region. Th e paper stresses the need for more trade and investment relations between Africa and Asia. It also argues that countries in the region should pay more attention to the improvement,of relations with existing investors and offer them incentives to assist in marketing domestic investment opportunities to potential foreign investors. Finally, the paper argues that the current wave of globalizationsweeping through the world has intensified the competition for FDI among developing countries. Consequently, concerted eff orts are needed at the national, regional, and international levels in order to attract signifi cant...
" This year's Africa Growth and Opportunity Act (AGOA) Forum, held on August 2-3, 2010 ... more " This year's Africa Growth and Opportunity Act (AGOA) Forum, held on August 2-3, 2010 in Washington, DC, recognizes 10 years of trade and development cooperation between the United States and Africa. The forum brings together senior government trade officials from ...
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