Business and Regulatory Environment

Description

According to the World Bank Doing Business Report (2013), Togo ranked 157th out of 189 economies.  Togo’s business environment is largely agriculture-focused and informal. Both subsistence and small-scale commercial farming employ 65 per cent of the country’s labor force and the informal sector prevails as it covers more than three times of employment in the formal sector.  The main obstacles for Togolese businesses are the access to finance and the political instability. In order to help getting credit, Togo continues to increase its openness to foreign investment but its political and administrative operating environment is not very investment-friendly. For example, in 2012, it adopted a new investment code that promises equal treatment of domestic and foreign investors. However, investment is permitted only in certain sectors under the condition of having minimum value. Also, the rule of screening the investment case-by-case leaves a place for corruption, increasing the high informal cost while decreasing transparency.  Moreover, the lack of regulatory flexibility in the labor market adds the burden to business, discouraging start-ups, despite the several reforms to ease starting a new business after 2010.

The Business Environment: Doing Business

Multilateral Trade Instruments

Abstract


The Trade Treaties Map tool is a web-based system on multilateral trade treaties and instruments designed to assist trade support institutions (TSIs) and policymakers in optimizing their country's legal framework on international trade

Instrument ratified :
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Weighted score : /100
    Ratification Rate Rank Weighted Score Rank
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