Senegal’s economic performance should continue to benefit from the
substantial efforts made since the launching of a macroeconomic
stabilization and structural reform programme in 1994, enhanced by a
strategy to expand investment opportunities, according to a report on
the trade policies and practices of Senegal released on 24 September by
the WTO Secretariat.
Senegal’s trade policy mainly consists of implementing the common trade
policy agreed within the WAEMU (West African Economic and Monetary
Union) which until now has seemingly produced a modest level of
subregional economic integration. The report notes that Senegal’s
participation in the multilateral trading system is below expectations,
thus exposing the country and its WAEMU partners to the of risk finding
themselves on the margins of the current trade negotiations.
The report also points out that Senegal, a Least-developed Country since
2001, has a vulnerable rural economy, the services sector, in particular
tourism, is facing a number of problems that hamper its development, and
the investment and economic climate is still undermined by a number of
problems relating to administrative procedures, labour regulations and
lack of infrastructure.
following documents are available in MS Word format.
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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’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211 Genève 21 and through the on-line
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
of forthcoming reviews back to top
Honduras: 29 September, 1 October 2003
Bulgaria: 15, 17 October 2003
Guyana: 29, 31 October 2003