Is there an optimal tariff for African countries?
by Chukwuma Agu
International Journal of Private Law (IJPL), Vol. 4, No. 3, 2011

Abstract: Economic theory suggests optimal tariff of zero for a small open economy, but revenue and political considerations make this impossible. Recommendations of 'the ideal' rates range from between zero and 40% for Sachs and Warner index to between zero and 25 for the UEMOA/ECOWAS, etc. So what determines 'optimal' tariff rates for African countries looking for trade policy anchors in a globalising world? This work evaluates considerations for determining tariff level consistent with growth aspirations of African countries. It recommends a country by country approach to tariff prescription giving consideration to the level of economic development and structure of production.

Online publication date: Sat, 28-Mar-2015

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