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

Nihal Bayraktar ()
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Nihal Bayraktar: School of Business Administration

A chapter in The Palgrave Handbook of Africa’s Economic Sectors, 2022, pp 651-670 from Springer

Abstract: 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.

Keywords: Taxes; International trade; Competitiveness; Tax coordination and harmonization; Africa (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-75556-0_25

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DOI: 10.1007/978-3-030-75556-0_25

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