Madagascar’s WTO Trade Policy Review: UK Statement
February 17, 2025
The United Kingdom welcomes the opportunity to participate in Madagascar’s Trade Policy Review. We commend Madagascar’s commitment to the multilateral trading system and its efforts to promote economic growth and development through trade.
We note Madagascar’s progress in implementing its trade policy agenda, including the adoption of a new trade policy framework, the establishment of a National Trade Council, and the ratification of the African Continental Free Trade Area (AfCFTA) agreement.
We encourage Madagascar to continue its efforts to improve its trade environment. This includes addressing challenges such as:
- High tariffs and non-tariff barriers, which can hinder trade and investment
- Limited infrastructure and logistics, which can increase the cost of doing business
- Weak regulatory frameworks, which can create uncertainty for businesses
We believe that Madagascar has the potential to become a major player in regional and global trade. By addressing these challenges, Madagascar can create a more attractive investment climate, boost economic growth, and improve the lives of its citizens.
The UK stands ready to support Madagascar in its efforts to enhance its trade policy and promote economic development. We are committed to working with Madagascar through bilateral cooperation and multilateral fora such as the WTO.
Of particular note, we commend Madagascar for its commitment to sustainable development and its efforts to promote trade in environmentally friendly goods and services. The UK is a strong advocate for the transition to a green economy, and we believe that Madagascar can play a leading role in this area.
In closing, we reiterate our support for Madagascar’s trade policy agenda and its efforts to promote economic growth and development. We look forward to continuing to work with Madagascar to achieve these goals.
Madagascar’s WTO Trade Policy Review: UK Statement
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