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Trade Policy Review: Guinea 2011
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat, a report by the government, and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports, main export destinations, origins for its imports and other key data. This edition looks into the trade practices of Guinea.
Examens des politiques commerciales: Guinée 2018
“Les examens des politiques commerciales” analysent les politiques et pratiques commerciales de chaque Membre de l’OMC. Les examens comprennent trois grandes parties: un rapport indépendant établi par le Secrétariat de l’OMC, un rapport établi par le gouvernement et les remarques finales formulées par le Président de l’Organe d’examen des politiques commerciales de l’OMC. La première section - “Principales données sur le commerce” - donne un aperçu visuel des principales exportations/importations du Membre de l’OMC considéré, des principales destinations de ses exportations, des origines de ses importations et d’autres données clés. La présente édition examine les pratiques commerciales du Guinée.
Trade Policy Review: Guinea 2018
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat, a report by the government, and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports, main export destinations, origins for its imports and other key data. This edition looks into the trade practices of Guinea Conakry.
Report by Guinea
The Republic of Guinea is situated in the south-west of West Africa between latitudes 7° 05 and 12° 51 north, and longitudes 7° 30 and 15° 10 west, half way between the Equator and the Tropic of Cancer. It is bounded by Liberia and Sierra Leone to the south, Côte d’Ivoire to the east, and by Guinea-Bissau, Senegal and Mali to the north.
Introduction
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT contracting parties in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Report by the WTO Secretariat
Guinea’s economy is based on the mining sector (26 per cent of GDP, including processing bauxite into alumina) and agriculture (20 per cent), the former providing 95 per cent of export earnings, and the latter the remainder. Exports’ share of GDP rose from 34 per cent in 2005 to 41 per cent in 2009, highlighting the strong global demand for bauxite, diamonds and gold, and the weakness of the other sectors in Guinea’s economy. In 2011, substantial foreign direct investment (FDI) in the production of alumina and iron ore was planned, together with two port extensions. This investment is for an amount comparable to the country’s annual GDP. It is therefore vital to introduce appropriate macroeconomic policies, including trade policies, so as to prevent the strong inflationary trends which such investment might cause.
Report by Guinea
The Republic of Guinea is situated in the south-west of West Africa between latitudes 7°05’ and 12°51’ north, and longitudes 7°30’ and 15°10’ west, half way between the Equator and the Tropic of Cancer. It has borders with Liberia and Sierra Leone to the south; Côte d’Ivoire to the east; and Guinea-Bissau, Senegal and Mali to the north.
Preface
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT CONTRACTING PARTIES in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Concluding remarks by the Chairperson of the Trade Policy Review Body, H.E. Mr Bozkurt Aran at the Trade Policy Review of Guinea 28 and 30 September 2011
This joint review of Guinea and Mauritania has allowed us to better understand their recent trade developments, and the challenges they face. Our discussions have benefited from the participation of the Honourable Mr Mohamed Dorval Doumbouya (Minister of Commerce), head of the delegation of Guinea; and H.E. Mr Cheikh Ahmed Ould Zahaf (Ambassador), head of the delegation of Mauritania. I am also grateful to H.E. Ambassador Omar Hilale for his valuable contribution as discussant, and to Members for their constructive engagement in this review.
Report by the WTO Secretariat
During the period covered by its Fourth Trade Policy Review (TPR), Guinea introduced a number of reforms that helped to improve its economic situation. The adoption of a new Mining Code, the implementation of targeted measures in the agricultural sector, and the revival of hydro-electric power generation all helped to improve the attractiveness of the Guinean economy, which is heavily dependent on mining resources. As a result, the annual GDP growth rate, less than 2% in 2010, rose to over 5% in 2011 and 2012 before gradually subsiding to 3.5% in 2015 owing to problems in the mining sector, aggravated in 2015 by the Ebola epidemic, which seriously hampered economic activity. With the end of the epidemic in 2016, mining activities recovered and the agricultural sector began to perform well.
Introduction
Le Mécanisme d’examen des politiques commerciales (MEPC) a été établi à titre expérimental par les parties contractantes du GATT en avril 1989. Il est devenu un élément permanent de l’Organisation mondiale du commerce en vertu de l’Accord de Marrakech qui a institué cette organisation en janvier 1995.
Concluding Remarks by the Chairperson of the Trade Policy Review Body, H.E. Mr Eloi Laourou of Benin at the Trade Policy Review of Guinea, 29 and 31 May 2018
This second joint review of Guinea and Mauritania, the fourth for Guinea and the third for Mauritania, has enabled us to assess the changes in their trade policies and practices, and the effects thereof on their economies since 2011. Our discussions have benefited from the participation of H.E. Ms Naha Mint Hamdi Ould Mouknass, Minister for Trade, Industry and Tourism and head of the delegation of Mauritania, and Ms Fanta Cisse, Secretary General of the Ministry of Trade and head of the delegation of Guinea. I am also grateful to H.E. Mr Alberto Sanz for his contribution as the discussant, and to the Members for their commitment to this review.