Amélioration du climat d'investissement à travers la libre circulation des biens et des personnes en Afrique de l'Ouest

7/29/2019 Amlioration du climat d'investissement travers la libre circulation des biens et des personnes en Afrique de l'Ouest

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AMELIORATION DU CLIMAT DINVESTISSEMENTA TRAVERS LA LIBRE CIRCULATION DES BIENS

ET DES PERSONNES EN AFRIQUE DE LOUEST

PRESENTE PAR ROBERTS ORYA PDG DE LA

BANQUE DIMPORT ET EXPORT DU NIGERIA(NEXIM) A LA CONFERENCE DE LALLIANCE

BORDERLESS 21 -22 FEVRIER 2013


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PLAN

INTRODUCTION ECONOMIES OUESTAFRICAINES ET CLIMAT DINVESTISSEMENT

APERCU DU CLIMAT ET DU CADRE D DEPOLITIQUE DINVESTISSEMENT DANS LAREGION DE LA CEDEAO

AMELIORER LE CLIMAT DINVESTISSEMENT ATRAVERS LA LIBRE CIRCULATION

PROPOSITION DE VALEUR - VALUEPROPOSITION LE PROJET REGIONALSEALINK THE REGIONAL SEALINK PROJECT

CONCLUSION

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1.0 INTRODUCTION ECONOMIES OUESTAFRICAINES ET

CLIMAT DINVESTISSEMENT

Les potentiels economiques et dinvestissement de la region dela CEDEAO The economic and investment potentials of theECOWAS Region can best be appreciated within the context ofthe following demographic and macro-economic 2011 statisticalinformation gleaned from IMF;

Total population of 308.7 million with an average growth rateof 2.61%

Total GDP of US$ 368.77 billion and an average consistentGDP Growth Rate of about 6% in the recent years. In 2010,the regions 6.2% GDP growth was the highest among the

five African Regional Economic Communities (RECs)

Average GDP Per Capita of US$1,594 as at 2011 (US$500 US$3,800)

FDI inflow increment from US$11.83 billion in 2010 to US$

16.1 billion in 2011 3


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2.0 OVERVIEW ON ECOWAS INVESTMENT

CLIMATE AND POLICY FRAMEWORK

In order to create an enabling environment to attractinvestment within the Region, the ECOWAS Commissionhad introduced commendable tools under its CommonInvestment market initiatives like the ECOWAS

Investment Policy Framework (IPF) that would;

Nurture and facilitate the creation of a healthy businessenvironment that would be attractive to all investors

Facilitate the pursuance of effective key investmentpolicy areas such as Investment policy, Investmentpromotion and facilitation; Trade Policy; Tax policy;Corporate governance, etc

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2.0 OVERVIEW ON ECOWAS INVESTMENT

CLIMATE AND POLICY FRAMEWORKContd

On the global perception on the regional profile andinvestment climate, there are indications as highlightedbelow that a lot needs to be done to improve the currentranking of ECOWAS;

The 2012 Doing Business indicators from the WorldBank / IFC showed the region ranking averagely at 149out of 183 on the ease of doing business scale.

The 2012 World Investment & Political Risk Report ofMIGA / World Bank on world investment trends andperspectives indicated that FDI inflows to developingcountries are expected to rebound in 2013 to $700billion

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3.0 IMPROVING INVESTMENT CLIMATE

THROUGH FREE MOVEMENT

Historically, there are correlations between freemovement of goods, people, and services withimprovement in business environment

This has become models for sustainable developmentwith beneficiary countries / regions evolving variouspolicies to continually retain and attract investments.

Free movement within ECOWAS have been quite anissue due to transport and logistics challenges. West

Africa has the lowest quality of transport services, asmeasured by the Logistics Performance Index (LPI:2.19), compared to both other regions in Africa (2.27-2.73) and the rest of the world (3.01-3.99).

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4.0 VALUE PROPOSITON - THE PROPOSED

REGIONAL SEALINK PROJECT

Based on the foregoing and the need to improve

investment climate and free movement of goods andservices, a proposed regional sealink project wasconceptualized to ameliorate the following;

High transportation costs and excessive transit timemaking intra-regional trade non-competitive and West

African transport and logistics costs one of the highestin the World.

Absence of dedicated safe and modern fleet toencourage and facilitate Atlantic Short-Sea Trade aswell as inadequate transport infrastructure and nontariff measures that are a barrier to increasing intra-regional trade and Free movement of persons / goods

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4.0 VALUE PROPOSITION - THE PROPOSED

REGIONAL SEALINK PROJECTContd

Highlighted below are the main features of regional trade inWest Africa

Low level of ECOWAS intra-regional trade at less that 10%compared to EU 50%, NAFTA 40% and ASEAN 25%respectively

Growth of intra-ECOWAS trade volume in the past decadefrom 4.7 million tonnes to 13.2 million tonnes withoutcorresponding increase in key infrastructure.

Low level of African container traffic at less than 1% of totalworld container traffic of over 400 million containers Increase in West African Loaded and unloaded dry cargo in

million tonnages from 41.4 and 66.2 in 2009 to 53.8 and 73.2in 2010 respectively.

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5.0 CONCLUDING REMARKS

To ensure effective free movement towards improving

investment climate, ECOWAS members should intensifyactivities on Corridor Management and BorderInformation Centres to reduce incidences of Non TariffMeasures

Also, the enthusiasm shown by member countries andthe support of the ECOWAS Commission on theRegional Sealink Project should be sustained

ADBs 2011 2015 Regional Integration Strategy Paper

for West Africa (RISP), especially with regards toinvestment in road corridors, transport and tradefacilitation initiatives should be pursued and implementedwith strong political will

Thank you for your kind attention10

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Amélioration du climat d'investissement à travers la libre circulation des biens et des personnes en Afrique de l'Ouest