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Economic Partnership Agreements and the Export Competitiveness of Africa / Brenton, Paul
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Brenton, Paul
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Competitiveness.
- Development assistance.
- Development strategies.
- Economic Theory & Research.
- Emerging Markets.
- Export growth.
- Free Trade.
- International Economics & Trade.
- International trade.
- Law and Development.
- Private Sector Development.
- Productivity.
- Public Sector Development.
- Tariff barriers.
- Trade competitiveness.
- Trade diversion.
- Trade Law.
- Trade Policy.
- Trade policy.
- Local Subjects:
- Competitiveness.
- Development assistance.
- Development strategies.
- Economic Theory & Research.
- Emerging Markets.
- Export growth.
- Free Trade.
- International Economics & Trade.
- International trade.
- Law and Development.
- Private Sector Development.
- Productivity.
- Public Sector Development.
- Tariff barriers.
- Trade competitiveness.
- Trade diversion.
- Trade Law.
- Trade Policy.
- Trade policy.
- Physical Description:
- 1 online resource (29 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2008
- System Details:
- data file
- Summary:
- Trade can be a key driver of growth for African countries, as it has been for those countries, particularly in East Asia, that have experienced high and sustained rates of growth. Economic partnership agreements with the European Union could be instrumental in a competitiveness framework, but to do so they would have to be designed carefully in a way that supports integration into the global economy and is consistent with national development strategies. Interim agreements have focused on reciprocal tariff removal and less restrictive rules of origin. To be fully effective, economic partnership agreements will have to address constraints to regional integration, including both tariff and non-tariff barriers; improve trade facilitation; and define appropriate most favored nation services liberalization. At the same time, African countries will need to reduce external tariff peak barriers on a most favored nation basis to ensure that when preferences for the European Union are implemented after transitional periods, they do not lead to substantial losses from trade diversion. This entails an ambitious agenda of policy reform that must be backed up by development assistance in the form of "aid for trade."
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