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  • RESTRICTED

    WT/TPR/S/322

    1 September 2015

    (15-4339) Page: 1/89

    Trade Policy Review Body

    TRADE POLICY REVIEW

    REPORT BY THE SECRETARIAT

    CABO VERDE

    This report, prepared for the first Trade Policy Review of Cabo Verde, has been drawn up by the WTO Secretariat on its own responsibility. The Secretariat has, as required by the Agreement establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh Agreement Establishing the World Trade Organization), sought clarification from Cabo Verde on its trade policies and practices. Any technical questions arising from this report may be addressed to Mr. Cato Adrian (Tel: 022 739 5469) and Mr. Thomas Friedheim (Tel: 022 739 5083). Document WT/TPR/G/322 contains the policy statement submitted by Cabo Verde.

    Note: This report is subject to restricted circulation and press embargo until the end of the first session of the meeting of the Trade Policy Review Body on Cabo Verde. This report was drafted in English.

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    CONTENTS

    SUMMARY ........................................................................................................................ 5 1 ECONOMIC ENVIRONMENT .......................................................................................... 8 1.1 Main Features ........................................................................................................... 8 1.2 Recent Economic Developments................................................................................... 8 1.3 Developments in Trade .............................................................................................. 12 1.4 Outlook ................................................................................................................... 13 2 TRADE AND INVESTMENT REGIME ............................................................................ 14 2.1 General Framework .................................................................................................. 14 2.2 Trade Policy Objectives ............................................................................................. 18 2.3 Trade Agreements and Arrangements .......................................................................... 19 2.3.1 WTO .................................................................................................................... 19 2.3.2 Regional and preferential agreements ....................................................................... 20 2.3.2.1 African Union and African Economic Community ...................................................... 20 2.3.2.2 ECOWAS ............................................................................................................ 20 2.3.3 Other agreements and arrangements ........................................................................ 21 2.4 Investment Regime .................................................................................................. 23 3 TRADE POLICIES AND PRACTICES BY MEASURE ........................................................ 27 3.1 Introduction ............................................................................................................. 27 3.2 Measures Directly Affecting Imports ............................................................................ 27 3.2.1 Import procedures and requirements ........................................................................ 27 3.2.2 Ordinary customs duties ......................................................................................... 28 3.2.3 Other duties and charges (ODCs) ............................................................................. 32 3.2.4 Tariff quotas, and tariff exemptions .......................................................................... 34 3.2.5 Fees and charges for services rendered ..................................................................... 35 3.2.6 Internal taxes ....................................................................................................... 35 3.2.7 Import prohibitions, restrictions, and licensing ........................................................... 38 3.2.8 Customs valuation ................................................................................................. 39 3.2.9 Rules of origin ....................................................................................................... 40 3.2.10 Anti-dumping, countervailing duty, and safeguard regimes......................................... 41 3.3 Measures Directly Affecting Exports ............................................................................. 42 3.3.1 Export procedures and requirements ........................................................................ 42 3.3.2 Export taxes, fees and charges for services rendered .................................................. 42 3.3.3 Export restrictions ................................................................................................. 42 3.3.4 Export subsidies, finance, and guarantees ................................................................. 43 3.3.5 Export promotion and marketing assistance ............................................................... 43 3.4 Measures Affecting Production And Trade ..................................................................... 43 3.4.1 Subsidies .............................................................................................................. 43 3.4.2 Standards, technical requirements, and conformity assessment .................................... 44 3.4.3 Sanitary and phytosanitary measures ....................................................................... 45

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    3.4.4 Trade-related investment measures .......................................................................... 47 3.4.5 Free zones and special economic areas ..................................................................... 47 3.4.6 Government procurement ....................................................................................... 47 3.4.7 State trading, state-owned enterprises, and privatization ............................................. 49 3.4.8 Competition policy ................................................................................................. 51 3.4.9 Price controls ........................................................................................................ 51 3.4.10 Trade-related intellectual property regime ............................................................... 53 4 TRADE POLICIES BY SECTOR ..................................................................................... 55 4.1 Agriculture .............................................................................................................. 55 4.1.1 Main features ........................................................................................................ 55 4.1.2 Institutional and policy framework ............................................................................ 56 4.2 Fisheries ................................................................................................................. 57 4.2.1 Institutional and regulatory framework ..................................................................... 57 4.2.2 Market access for foreign fishing vessels ................................................................... 59 4.3 Energy .................................................................................................................... 59 4.4 Manufacturing .......................................................................................................... 60 4.5 Services .................................................................................................................. 61 4.5.1 Main features ........................................................................................................ 61 4.5.2 Financial services ................................................................................................... 62 4.5.2.1 Banks ................................................................................................................ 62 4.5.2.2 Insurance .......................................................................................................... 64 4.5.2.3 Securities Market ................................................................................................ 64 4.5.3 Transport ............................................................................................................. 65 4.5.3.1 Air transport ....................................................................................................... 65 4.5.3.2 Maritime transport .............................................................................................. 66 4.5.4 Telecommunications ............................................................................................... 68 4.5.5 Tourism ................................................................................................................ 69 4.5.5.1 Distribution services ............................................................................................ 70 REFERENCES .................................................................................................................. 72 5 APPENDIX TABLES .................................................................................................... 74

    CHARTS Chart 1.1 Revenue and grants, 2014 .................................................................................. 10 Chart 1.2 Trade in goods and services, 2014 ................................................................

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