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Author:
Mr. Arvind Subramanian
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Language:
English
Print Publication Date:
28 Sep 2000
Keywords:
OP; ESA country; country; liberalization; bottom; ESA; trade reform; ESA countries' integration; a number of countries in ESA; exchange liberalization; multilateral liberalization initiative; Trade barriers

Abstract

Since the early 1990s, many countries in sub-Saharan Africa have made significant progress in opening their economies to external competition through trade and exchange liberalization, often in the context of IMF and World Bank-supported programs. African liberalization took place during a period of increasing globalization of trade and investment, the conclusion of the Uruguay Round of trade negotiations, and the creation or expansion of a number of important regional trade arrangements in other parts of the world. These initiatives contributed to a revival of interest among African policymakers in regional integration, resulting in the establishment or renewal of regional organizations, such as the West African Economic and Monetary Union (WAEMU), the Cross-Border Initiative (CBI), the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA), the Commission for East African Cooperation (EAC), and the Indian Ocean Commission (IOC) (Table 1.1).

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Cover Trade and Trade Policies in Eastern and Southern Africa
Trade and Trade Policies in Eastern and Southern Africa
ISBN:
9781557759429
ISSN:
0251-6365
Publication Date:
28 Sep 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557759429.084
Pages:
66

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