ABSTRACT
The operation of import licensing and exchange control in West Africa does not at present significantly affect the competitive position of the various trading firms in West Africa; it cannot be said to offer substantial advantages to the large firms. 1 With the exception of certain specified commodities, imports from the sterling area are admitted under open general licence, that is, they can be imported without restrictions on source, quantity or importer. The principal exceptions are sugar, flour, oils and fats, tinned meats and petroleum products. In most cases the reason for these exceptions is that the sterling area is on balance a net importer from dollar sources; in one or two instances the shortage in the United Kingdom is a principal or a contributory factor. Much the same controls apply to imports from soft currency sources outside the sterling area; with the exceptions just listed, they are admitted practically freely. 2
