The paper on fiscal revenue implications of the prospective economic partnership agreement with the EU is organized as follows. Following a brief discussion of ECOWAS' achievements so far in regional economic integration, the paper provides estimates of import and fiscal revenue effects of major tariff reforms in Guinea and Nigeria in 2005 as well as the planned introduction of an ECOWAS customs union in 2008; these estimates are necessary building blocks before one can estimate the effects of the possible EPA but the estimates are also of interest in their own right. The paper then provides estimates of the import and fiscal revenue effects of an ECOWAS-EU EPA and compares and contrasts these estimates with other studies. The paper adds to the literature by incorporating explicitly the different tariff regimes in ECOWAS, conducting the analysis using more recent data on trade flows and fiscal revenue for selected ECOWAS countries, and by discussing factors that could mitigate revenue loss.
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