Tax Structure, Competitiveness of Firms, and International Trade in Africa: Lessons fromWAEMU and CEMAC for CFTA

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The success of a trade agreement highly depends on improving the structure and coordination of taxes, especially the ones affecting firms which create jobs and support higher welfare gains and trade. In this chapter, the tax structure of Africa’s recently created Continental Free Trade Area (CFTA) is evaluated to understand its possible impacts on member countries’ international competitiveness and the future success of the agreement in light of lessons from two smaller trade regions in Africa (Central African Economic and Monetary Community (CEMAC) and West African Economic and Monetary Union (WAEMU)). Their experiences show that the development of the CFTA process may not be easy and full of serious challenges.

Original languageEnglish (US)
Title of host publicationThe Palgrave Handbook of Africa's Economic Sectors
PublisherSpringer International Publishing
Pages651-670
Number of pages20
ISBN (Electronic)9783030755560
ISBN (Print)9783030755553
DOIs
StatePublished - Jan 1 2022

All Science Journal Classification (ASJC) codes

  • General Economics, Econometrics and Finance
  • General Business, Management and Accounting

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