01846cas a2200253 a 4500 AALejournalIMF003412 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451860559 1018-5941 BD-DhAAL BD-DhAAL Yang, Yongzheng. Regional Trade Arrangements in Africa : Past Performance and the Way Forward / Yongzheng Yang, Sanjeev Gupta. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Regional trade arrangements (RTAs) in Africa have been ineffective in promoting trade and foreign direct investment. Relatively high external trade barriers and low resource complementarity between member countries limit both intra- and extraregional trade. Small market size, poor transport facilities and high trading costs make it difficult for African countries to reap the potential benefits of RTAs. To increase regional trade and investment, African countries need to undertake more broad-based liberalization and streamline existing RTAs, supported by improvements in infrastructure and trade facilitation. Early action to strengthen the domestic revenue base would help address concerns over revenue losses from trade liberalization. Mode of access: Internet Gupta, Sanjeev. IMF Working Papers; Working Paper ; No. 2005/036 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/036/001.2005.issue-036-en.xml IMF e-Library