WT/TPR/S/362 • Senegal - 410 - ANNEX 7 – SENEGAL WT/TPR/S/362 • Senegal - 411 - CONTENTS 1 ECONOMIC ENVIRONMENT ...................................................................................... 414 1.1 Main features ........................................................................................................... 414 1.2 Recent economic developments .................................................................................. 416 1.3 Trade performance ................................................................................................... 417 1.4 Foreign direct investment .......................................................................................... 420 2 TRADE AND INVESTMENT REGIMES......................................................................... 421 2.1 Overview ................................................................................................................. 421 2.2 Trade policy objectives and formulation ....................................................................... 422 2.3 Trade agreements and arrangements .......................................................................... 423 2.3.1 Relations with the World Trade Organisation ............................................................. 423 2.3.2 Regional and preferential agreements ...................................................................... 424 2.4 Investment regime ................................................................................................... 424 2.4.1 Overview .............................................................................................................. 424 2.4.2 Investment Code ................................................................................................... 426 2.4.3 Other regimes ....................................................................................................... 427 3 TRADE POLICIES AND PRACTICES BY MEASURE ...................................................... 428 3.1 Measures directly affecting imports ............................................................................. 428 3.1.1 Customs registration, procedures and requirements ................................................... 428 3.1.2 Preshipment inspection and customs valuation .......................................................... 430 3.1.3 Rules of origin ....................................................................................................... 430 3.1.4 Customs duty ........................................................................................................ 431 3.1.5 Other taxes ........................................................................................................... 431 3.1.6 Import prohibitions, restrictions and licensing ........................................................... 432 3.1.7 Contingency measures ........................................................................................... 433 3.1.8 Other measures ..................................................................................................... 433 3.2 Measures directly affecting exports ............................................................................. 433 3.2.1 Export procedures and requirements ........................................................................ 433 3.2.2 Export taxes, duties and levies ................................................................................ 434 3.2.3 Export prohibitions, restrictions and licensing ............................................................ 434 3.2.4 Export support and promotion ................................................................................. 434 3.3 Measures affecting production and trade ..................................................................... 435 3.3.1 Incentives ............................................................................................................. 435 3.3.2 Standards and other technical regulations ................................................................. 435 3.3.3 Packaging, marking and labelling requirements ......................................................... 437 3.3.4 Sanitary and phytosanitary requirements .................................................................. 437 3.3.5 Competition policy and price controls ....................................................................... 438 3.3.6 State trading, State-owned enterprises and privatization ............................................ 439 3.3.7 Government procurement ....................................................................................... 440 3.3.8 Intellectual property rights ...................................................................................... 442 WT/TPR/S/362 • Senegal - 412 - 4 TRADE POLICIES BY SECTOR ................................................................................... 444 4.1 Agriculture, fisheries and forestry ............................................................................... 444 4.1.1 Overview .............................................................................................................. 444 4.1.2 Agricultural policy .................................................................................................. 444 4.1.3 Main subsectors ..................................................................................................... 445 4.1.3.1 Groundnuts ........................................................................................................ 445 4.1.3.2 Rice .................................................................................................................. 446 4.1.3.3 Livestock ........................................................................................................... 446 4.1.3.4 Fisheries ............................................................................................................ 447 4.2 Extractive industries and energy ................................................................................. 449 4.2.1 Extractive industries............................................................................................... 449 4.2.1.1 Mining ............................................................................................................... 449 4.2.1.2 Hydrocarbons ..................................................................................................... 451 4.2.1.2.1 Upstream subsector .......................................................................................... 451 4.2.1.2.2 Downstream subsector ..................................................................................... 452 4.2.2 Electricity and renewable energy ............................................................................. 453 4.3 Manufacturing .......................................................................................................... 454 4.4 Services .................................................................................................................. 455 4.4.1 Financial services ................................................................................................... 455 4.4.1.1 Banking services ................................................................................................. 455 4.4.1.2 Insurance services .............................................................................................. 457 4.4.1.3 Microfinance ....................................................................................................... 458 4.4.2 Telecommunications and postal services ................................................................... 458 4.4.2.1 Telecommunications ............................................................................................ 458 4.4.2.2 Postal services .................................................................................................... 460 4.4.3 Transport .............................................................................................................. 460 4.4.3.1 Maritime transport .............................................................................................. 460 4.4.3.2 Land transport .................................................................................................... 461 4.4.3.3 Air transport ....................................................................................................... 462 4.4.4 Tourism ................................................................................................................ 462 5 APPENDIX TABLES ................................................................................................... 464 CHARTS Chart 1.1 Structure of merchandise trade, 2009 and 2016 .................................................... 418 Chart 1.2 Direction of merchandise trade, 2009 and 2016 ..................................................... 419 WT/TPR/S/362 • Senegal - 413 - TABLES Table 1.1 Main macroeconomic indicators, 2009-2016 .......................................................... 414 Table 1.2 Balance of payments, 2009-2016 ......................................................................... 417 Table 1.3 Inward foreign direct investment, 2009-2015 ........................................................ 420 Table 2.1 Main trade-related laws and regulations adopted or amended, 2009-2017 ................ 422 Table 2.2 Recent notifications to the WTO, by field, 2009-2016 ............................................