Business and Regulatory Environment

Description

The World Bank Doing Business report (2013) ranked the CAR 188th out of 189 economies, an increase of one position from the previous year. The CAR’s performance in all the 10 categories was below the regional average of Sub-Saharan Africa. . The economy is widely liberalized with no screening of foreign investment and all economic sectors remain open to foreign investment. Yet political instability and widespread corruption have discouraged significant investment and affected government procurement, dispute settlement and taxation. Majority of business environment reforms have been deficient or even regressive such as construction permits becoming more expensive. However, the CAR passed a regulation to allow banks to access declaring and retrieving information on-line from the public registry as well as one that broadened the range of assets that can be used as collateral – these improvements are reflected in the comparably higher ranking for getting credit to other categories. The country is a member of the Organization for the Harmonization of Business Law in Africa (OHADA), which has brought Central African Republic’s business laws in line with other African member countries; however, implementation challenges remain (World Bank 2013; U.S. Department of State 2012).

 

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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