Mozambique
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Report by the WTO Secretariat
Mozambique shares many of the problems of resource-rich countries with a fragile development model excessively focused on extractives and major projects. It has undoubted potential but faces considerable challenges: a lack of qualified workers; a limited internal market; infrastructure insufficiencies; a costly business environment; limited economic diversification; a high dependency on imports; increasing debt levels; a narrow tax base; and limited capacity for domestic resource mobilization.
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.
Report by Mozambique
Mozambique has produced positive economic results over the last decade. The economic environment has been transformed. Mozambique has a low diversified economy. It is dependent from agriculture. Mozambique recorded an average annual per capita income of US$362 in 2006 and this is estimated to have been US$466 in 2008. A combination of several factors: political stability economic reforms foreign investment flows the gradual integration into regional markets and continued international donor support have created the conditions for high economic growth rates recorded in recent years.
Concluding remarks by the Chairperson of the Trade Policy Review Body
The third Trade Policy Review of Mozambique has allowed us to have a better understanding of Mozambique’s trade and investment policies as well as the changes introduced to them since the previous review in 2009. Our discussion was greatly facilitated by the constructive participation of the Mozambique delegation headed by H.E. Ernesto Max Tonela Minister of Industry and Trade the discussant H.E. Ambassador Christopher Onyanga Aparr of Uganda and the 31 Members who had taken the floor.