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Concluding Remarks by the Chairperson of the Trade Policy Review Body, H.E. Mr. Juan Carlos González of Colombia at the Trade Policy Review of The Gambia, 23 and 25 January 2018
This third Trade Policy Review has offered us an excellent opportunity to deepen our understanding of recent developments in The Gambia and the achievements and challenges related to its trade and investment policies. Also as was highlighted by several delegations during the review this exercise has come at an important juncture for The Gambia after having experienced a historical democratic change in government last year.
Report by the Gambia
Since the last trade policy review of the Gambia in 2003 the Government of The Gambia successfully tackled the adverse impact of the 2002 drought and the subsequent drought of 2007. The economy achieved an average growth rate of 6.1% from 2006 to 2008 and is rebounding following the drought of 2007 and the subsequent effects of the global financial and economic crisis. The performance of the economy improved further in 2009 due partly to strong growth in agriculture largely because of good rains.
Report by the WTO Secretariat
The Gambia is a small least developed economy with a very narrow economic base. The external sector is heavily dependent on re-exports tourism and remittances from overseas. Import and export procedures are relatively simple and efficient compared with many other developing countries. The first Trade Policy Review of The Gambia was held in 2004.