Trade Policy Reforms in Sub-Saharan Africa
As part of the effort by some African countries to regain their economic and financial balance, government officials have increasingly turned their attention to improving trade policies. These include actions on the exchange rate, import-licensing, tariffs on imports, taxes or subsidies on exports, and institutional export-promotion measures. How these changes affect the manufacturing sector is an interesting question in Africa, although manufacturing is small relative to the agricultural sector. Hence, in recent moves to restructure trade policies, it is not surprising that in several African countries the first round of reform focused on policies affecting the farmer. It was only after these policies were initiated that attention shifted to restructuring incentives for producers of manufactures.
KeywordsForeign Exchange Trade Policy Manufacturing Sector Quantitative Restriction Import Tariff
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