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Assessing the economic impact of the ECOWAS CET and economic partnership agreement on Ghana (英语)

Ghana is currently facing two major trade policy adjustments. The economic community of West African states (ECOWAS) common external tariff (CET) is a significant milestone within the long history of regional integration in West Africa. In addition to the CET, Ghana faces the economic partnership agreement (EPA) with the European Union (EU), which has been designed to build on the CET in West Africa. Although the CET will change Ghana’s tariffs on all imports from outside ECOWAS, the EPA will change only those tariffs faced by the EU. The EPA has been signed by all EU member countries and most of the 16 ECOWAS countries (plus Mauritania), with those remaining expected to do so shortly. Entry into force will require all countries in the West Africa party to sign and two-thirds to ratify. The EPA will allow duty-free access to the West African countries for a sizeable share of products originating from the EU, and continued 100 percent duty-free access for exports to the EU market. The study seeks to improve the information available to policy makers in Ghana. The first stage of the study employs the trade reform impact simulation tool (TRIST), which was developed by the World Bank. Second, the model is mute on the macroeconomic adjustment process to the trade reform, which typically will take place through the real exchange rate, as well as key long-term macro aggregates, such as economic growth and investment. Third, the study focuses on the market access aspects of the CET and EPA trade reforms and, within this, on the impact on consumers and the manufacturing sector. Fourth, the firm-level survey data are somewhat dated at this point. The study is structured as follows: section one gives introduction. Section two summarizes the market access content of the CET and EPA. Section three analyzes the effects of each reform on revenues and imports, section four looks at the effects on consumers, and section five examines the effects on firms’ competitiveness and jobs. Section six looks at potential accompanying measures and section seven concludes.


  • 作者

    Macleod,Jamie Alexander, Von Uexkull,Jan Erik, Shui,Lulu

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  • 文件名称

    Assessing the economic impact of the ECOWAS CET and economic partnership agreement on Ghana

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