Guinea
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Trade Policy Review: Guinea 2011
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Guinea.
Examens des politiques commerciales: Guinée 2018
“Les examens des politiques commerciales” analysent les politiques et pratiques commerciales de chaque Membre de l’OMC. Les examens comprennent trois grandes parties: un rapport indépendant établi par le Secrétariat de l’OMC un rapport établi par le gouvernement et les remarques finales formulées par le Président de l’Organe d’examen des politiques commerciales de l’OMC. La première section - “Principales données sur le commerce” - donne un aperçu visuel des principales exportations/importations du Membre de l’OMC considéré des principales destinations de ses exportations des origines de ses importations et d’autres données clés. La présente édition examine les pratiques commerciales du Guinée.
Trade Policy Review: Guinea 2018
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Guinea Conakry.
Report by Guinea
The Republic of Guinea is situated in the south-west of West Africa between latitudes 7° 05 and 12° 51 north and longitudes 7° 30 and 15° 10 west half way between the Equator and the Tropic of Cancer. It is bounded by Liberia and Sierra Leone to the south Côte d’Ivoire to the east and by Guinea-Bissau Senegal and Mali to the north.
Introduction
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 the WTO Secretariat
Guinea’s economy is based on the mining sector (26 per cent of GDP including processing bauxite into alumina) and agriculture (20 per cent) the former providing 95 per cent of export earnings and the latter the remainder. Exports’ share of GDP rose from 34 per cent in 2005 to 41 per cent in 2009 highlighting the strong global demand for bauxite diamonds and gold and the weakness of the other sectors in Guinea’s economy. In 2011 substantial foreign direct investment (FDI) in the production of alumina and iron ore was planned together with two port extensions. This investment is for an amount comparable to the country’s annual GDP. It is therefore vital to introduce appropriate macroeconomic policies including trade policies so as to prevent the strong inflationary trends which such investment might cause.