Ivory Coast Free Trade Agreement

The Republic of Côte d`Ivoire is classified as a low- and middle-income economy. The country ranked 126th out of 132 countries in the World Economic Forum`s (WEF) Global Enabling Trade Index (2012), which measures institutions, policies and services to facilitate trade in countries. Due to its relatively young population (with about 40% of the population under the age of 14), a 550 km long coastline, numerous water sources and heavy rainfall, Côte d`Ivoire has great potential for sustainable economic growth. Until the end of the 1990s, it managed to integrate various fields of activity into its economy very well. Social and political tensions (2000-2011) slowed growth and weakened the competitiveness of the Ivorian economy. The country`s infrastructure remains one of the best and most extensive in the West African subregion. The Economic Partnership Agreement (EPA) with West Africa covers goods and development cooperation. The EPA also provides for the possibility of further negotiations on sustainable development, services, investment and other trade-related issues in the future. Côte d`Ivoire has been a member of the WTO since its creation in 1995. Côte d`Ivoire has shown its willingness to respect the multilateral trading system and sees it as a trigger for its regional integration and development. Côte d`Ivoire`s average most-favoured-nation tariff was 11.9% in 2012. Agricultural imports into the country are subject to higher tariff barriers (14.6 per cent) than non-agricultural imports (11.5 per cent). Since its founding in April 1973, Côte d`Ivoire has been part of the Economic Community of West African States (ECOWAS), whose goal was achieved with the Common External Tariff introduced in 2013 and the free movement of people, capital and goods within the bloc.

Côte d`Ivoire has established a first framework for an Economic Partnership Agreement (EPA) with the EU. This agreement combines the benefits of a trade agreement with Côte d`Ivoire`s development aid, but its ultimate goal remains the conclusion of a comprehensive EPA with all members of the West African region. Describes the trade agreements in which this country is involved. Provides resources where U.S. companies can learn how to take advantage of agreements. See how the Interim Economic Partnership Agreement benefits exporters in Côte d`Ivoire and Ghana: Côte d`Ivoire is a signatory or member of the following: Hover over the number of a dispute in the table below to see the title of the dispute. Click the dispute number to go to a page with detailed information about the dispute. The two sides meet regularly to discuss the implementation of the EPA. For more information, please see:.

WEF, 2012, Global Enabling Trade ReportWTO, 2012, Trade Policy Review (Guinea-Bissau, Côte d`Ivoire and Togo) The EU has initialled an Economic Partnership Agreement with 16 West African countries; the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU). Unless otherwise specified, the term “EU” means, for all specified years, the current European Union of 27 Member States. The two sides have started to jointly design a monitoring mechanism for the implementation of the EPA. All West African countries are members of the WTO. . By acceding to the WTO, Côte d`Ivoire has committed to comply with the requirements of the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement) and the Agreement on Technical Barriers to Trade (TBT). With regard to SPS measures, the Ivorian legal framework for these measures appears to be outdated and fragmented. Côte d`Ivoire does not have a risk management system in place for PLC inspection on the customs cordon, and its PLC certification system remains complicated and not based on a risk analysis. With regard to TBT measures, CODINORM coordinates the formulation and approval of Ivorian standards and provides certification services in Côte d`Ivoire.

In principle, imports are treated in the same way as Ivorian products and must be accompanied by proof of their compliance with the applicable technical regulations issued by CODINORM. However, there is no control to ensure compliance with these regulations, and the legal deadline for updating standards and technical regulations is not respected. For explanations and background information, see TPR Gateway Pending the adoption of the full regional EPA with West Africa, the Economic Partnership Agreements with Côte d`Ivoire and Ghana entered into force provisionally on 3 September 2016 and 15 December 2016 respectively. West Africa – Economic Partnership Agreement of the European Union Subtitles available in French and Portuguese. . . . .

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