The criteria of first rank are :
it ratio basic net budgetary position brought back to the nominal
GDP
it average annual inflation rate which should not exceed 3%
it ratio of incur domestic debt and external brought back to the
GDP (less than 80%)
it under-criterion of not-accumulation of postponed interiors
payment on management of
current period
The criteria second-rate are :
it ratio of the wage bill on the revenues from taxes for a
Community standard of 35,0% maximum
it ratio of the public investments financed on internal resources
brought back to the revenues from taxes (Community standard of 20% minimum)
it ratio of the external balance running except gifts brought
back to the GDP for a Community standard of a deficit not having to exceed
5%.
it tax pressure ratio for a Community standard of 17% minimum
III.2 - Coordination of the national
sectoral policies
This coordination passes by the implementation of common actions
and possibly of common policies in the principal spheres of the economic
activity.
Thus, the concerns quickly turned around the programs Community
energetics, the common industrial policy, of the agricultural policy of the
Union, the Community policy of improvement of the environment.
III.4 - harmonization of the
legislations of the Member States
To the extent necessary to the correct operation of the Common
Market, the orientations of the Conference of the Heads of State and Government
in the field of the harmonization of the legislations aim raising the obstacles
related to the maladjustment of the legal and tax framework of the economic
activity and at supplementing the monetary policy of the States by the creation
of an integrated regional money market.
The Customs union of the UEMOA is characterized by:
it freedom of movement of the originating products approved
inside the Union;
- the installation of a Common external tariff
including/understanding a tariff and statistical nomenclature, a categorization
of the products, a tariff structure.
- freedom of movement of the approved originating products
IV THEM ACHIEVEMENTS OF THE UNION SINCE
1994
IV.1 - Harmonization of the legislations
With the title of the harmonization of the legislations, after
the adoption by the Council of Ministers, in 1997 and 1998, of the Directives
carrying harmonization of the legal, countable framework and statistics of the
finance public, then into 2000 of a Code of transparency in the management of
the finance public in the UEMOA, as well as Decision carrying adoption of the
document of design of the project of reform of the public markets, the
Commission engaged in the implementation of actions likely to facilitate the
application of the adopted texts and the continuation of the building sites.
The reform of the public markets entered its operational phase in
2003, with the recruitment of a specialist in making in the public markets, in
the capacity as Assistant
technique near the Commission within the framework of the first
phase of the Program of
Reform Public Markets (PRMP), the organization of periodic
meetings of dialog with the World Bank and the BAD.
The implementation of the programme of harmonization of the
interior indirect taxations is
continued until 2003, with the finalization of the study on the
management and methods of assessment of the tax exemptions.
The Commission could as well carry out a certain number of
actions within the framework of
consolidation of the Customs union, come into effect on January
1, 2000, that in the setting in
work of the common marketing policy.
The very appreciable increase in the requests for compensation
made it possible to note clear
evolution with the rise of the number of exchanged products, as
well as their quantities and values.
Thus, at equal price, the economic operators supply themselves
more and more on the market
union.
Measurements of accompaniment of the Customs union relate to the
compensation of depreciations of customs receipts and the harmonization of the
customs instruments.
For the period going of 1998 to 31 December 2003, assembling it
cumulated compensation of depreciations of customs receipts rose to 85,3
billion F CFA.
The harmonization of the customs instruments was made effective
with the application, since January 1, 2003, the new version of the Harmonized
System adopted by the Council of the World Organization of Customs (OMD) in
June 1999.
On the level of the studies and statistics, the Union
obtained innovative instruments.
- The note on the Harmonized Index of the Prices Consumer
(IHPC)
The monthly notes on the Harmonized Index of the Prices Consumer
(IHPC) were
regularly worked out and diffused electronically in the Member
States. They are
also published on the site of the UEMOA.
- The statistical directory of the UEMOA
Since the development of the first edition of the statistical
directory of the UEMOA in 2001, two other editions were carried out, on the
basis of correction and additive introduced by the Member States.
- The bulletin of economic situation
Three end-of-term reports of economic situation were elaborate.
Their diffusion was limited to
Commission.
Within the framework of the activities of project PARSTAT
relating to the development of an Index of
Industrial production (IPI), of a note of economic situation and
a data base on
competitiveness, of harmonized methodologies of calculation of
the IPI and the National survey of
the Opinion on Economic situation (ENHOC) were produced and
validated in 2002 and 2003.
On the basis of these methodology, a list of indicators of the
economic situation for the production of the dashboard and the note of regional
economic situation was drawn up.
The Payment n°11/2002/CM/UEMOA of bearing 19 September
2002 adoption of the methods
of calculation of the Interior Product Gross (GDP) in the Member
States of the UEMOA entered in
strength on January 1, 2003. Since this date, the countries work
out their GDP according to this method for calculation.
Thus in the chapter of the harmonization and the cleansing
of the economic regulations in particular the programme of harmonization of the
direct taxations interior, of many assets are to be raised of which
introduction and harmonization of the value-added tax (VAT). In addition to
reform relating to the rationalization of the taxation by the generalization of
the VAT in the various Member States of the UEMOA, two draft Directives were
elaborate in 2001. It is about the draft Directive relating to the tax of the
petroleum products within the UEMOA and the draft Directive carrying mode
harmonized of the installment on taxes sitting on the benefit.
In prelude to the customs union, a transitory preferential
treatment is applied since July 97. It marked an important progress in the
revival of the economy of the States through the development of the
intra-Community trade by « the combined effect of a tariff
dismantling interns and the blocking of any rearmament of the taxation of
door ». « In addition to the traditional craft industry and
unprocessed products which circulate in any frankness from the rights and
taxes, 2196 approved products manufactured by 509 companies of the Member
States circulate on the territory of the community under the mode of the
Community preferential tax (TPC) with a reduction of 5% » indicates
the report/ratio 2003 of the commission of the marketing policies and
customs.
Much more, like initially agreed, the common external tariff
(tce) came into effect following the installation in 1998 of the customs
union.
Among the other assets of the harmonization of the legislations,
one can quote :
implemented it, since January 1, 1998, of the African Western
Countable System
(SYSCOA);
- adoption of a payment instituting the African Western Countable
Council and the Permanent Council of the countable profession;
- adoption of a directive carrying legal status of the Approved
Centers of Management;
- adoption of a directive carrying Budgetary and Chart of
accounts Nomenclature of the State;
- adoption of a directive carrying harmonization of the excise
duties;
- adoption of a regulation on the financial relations foreign of
the Member States of the UEMOA, to facilitate freedom of movement of the
capital;
- adoption of a Code of transparency in the management of the
finance public with
center of the UEMOA;
- adoption of measurements relating to the fight against the
whitening of the capital and the financing of terrorism;
- adoption of a Directive on the harmonization of the taxes on
the petroleum products;
it creation of the Regional Council of the Public saving and the
Financial Markets and the Regional exchange of the Transferable Securities
(BRVM) in Abidjan.
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