PRESS
RELEASE: PRESS/TPRB/230
30 June 2004
TRADE POLICY REVIEW: BENIN
Commitment to reforms and further integration in the world economy raises hopes for poverty reduction prospects
Benin抯 recent economic performance, commitment to structural reform and efforts for closer integration in the world economy raise hopes of further success in its steps to alleviate poverty and achieve sustainable growth, according to a report on the trade policies and practices of Benin released on June 30 by the WTO Secretariat, which also notes that consumer prices have fallen sharply to controlled levels since the previous review in 1995.
Benin抯 economy has been opened to new economic operators in certain
activities but also to regional trade, thus boosting competition. The
report notes major developments arising from Benin抯 undertakings within
the WAEMU (West Africa Economic and Monetary Union) which is
implementing a common trade policy among its members and has gradually
liberalized intra-community trade. Since the first Trade Policy Review,
the full implementation of the Common External Tariff of the WAEMU,
which slightly increased Benin抯 MFN tariff protection, has led to a
rise in tax revenue from import duties.
Benin (among the poorest LDCs) is one of the countries promoting at the
WTO the sectoral initiative in favour of cotton, which advocates the
phasing out of domestic support for production and of export subsidies,
and the introduction of a financial mechanism to offset any consequent
losses. However, Benin抯 reforms have not yet enabled a reduction of its
dependence on cotton exports. The report adds that the benefits Benin
could derive from access to markets at both regional and multilateral
levels will not be fully realized until its economy is able to respond
competitively to external demand.
The WTO has provided trade-related technical assistance (TRTA) to Benin
to support the development of human resources, building of institutional
capacity, the implementation of WTO Agreements and for participation in
the Doha Development Agenda. Benin has also received technical
assistance under the JITAP (Joint Integrated Technical Assistance
Programme) and, as from 2004, the Integrated Framework.
The WTO report, along with a policy statement by the Government of Benin, will be the basis for the second Trade Policy Review (TPR) of Benin by the Trade Policy Review Body of the WTO on 28 and 30 June 2004, which will take place at the same time as the review of Burkina Faso and Mali.
The following documents are available in MS Word format.
- Secretariat report
> Contents and summary observations (12 pages, 94KB)
> Economic environment (10 pages, 646KB)
> Trade policy regime: framework and objectives (18 pages, 182KB)
> Trade policies and practices by measure (27 pages, 508KB)
> Trade policies by sector (25 pages, 342KB)
> Appendix tables (10 pages, 394KB)
- Government report (24 pages,
167KB)
- Chairperson's concluding remarks
- Minutes
of the meeting are available approximately 6 weeks after the meeting.
Note back to top
Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries?trade and related policies are examined and evaluated at regular intervals. Significant developments that may have an impact on the global trading system are also monitored. For each review, two documents are prepared: a policy statement by the government of the member under review, and a detailed report written independently by the WTO Secretariat. These two documents are then discussed by the WTO抯 full membership in the Trade Policy Review Body (TPRB). These documents and the proceedings of the TPRB抯 meetings are published shortly afterwards.
Print copies of previous TPR publications are available for sale from the WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211 Gen鑦e 21 and through the on-line bookshop.
The TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews back to top
Belize/Suriname: 12 and 14 July
2004
European Union: 21 and 23 July 2004
Republic of Korea: 15 and 17 September 2004