Trade Policy Review: Madagascar
Geneva, 12 February 2025
The Trade Policy Review of Madagascar was conducted by the World Trade Organization (WTO) on 12 February 2025. The review examined Madagascar’s trade policies and practices over the period 2019-2024.
Key Findings
- Madagascar has experienced significant economic growth in recent years, driven by increased agricultural production and mining exports.
- The country has a relatively open trade regime, with tariffs averaging around 10%.
- Madagascar is a beneficiary of the African Growth and Opportunity Act (AGOA), which provides duty-free access to the US market for a range of products.
- The country faces a number of challenges, including weak infrastructure, a lack of skilled labor, and corruption.
Recommendations
The WTO Secretariat recommended that Madagascar continue to pursue its trade reforms, including by:
- Reducing tariffs on intermediate inputs and capital goods
- Improving the business environment
- Investing in infrastructure
- Strengthening the rule of law
- Combating corruption
Madagascar’s Response
Madagascar welcomed the WTO Secretariat’s report and pledged to continue implementing trade reforms. The country noted that it has already taken steps to reduce tariffs, improve the business environment, and combat corruption. Madagascar also expressed its commitment to working with the WTO to address the challenges it faces.
Conclusion
The WTO Trade Policy Review of Madagascar is a valuable assessment of the country’s trade policies and practices. The review provides a number of recommendations that Madagascar can implement to further improve its trade performance. Madagascar’s response to the review is positive, and it is clear that the country is committed to continuing its trade reforms.
Trade Policy Review: Madagascar
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