Nigeria in a Quandary of Trade Negotiation under Three Main Economic Integrations

Document Type: Original Article

Author

Professor of Covenant University, Nigeria

Abstract

Though being a member of WTO since its inception in 1995, Nigeria is in addition faced with three economic integration arrangements, that is: Economic Community of West African States (ECOWAS)-Common Trade Policy (CTP); economic partnership agreement (EPA) with European Union (EU); and African Economic Community (AEC) with African Union (AU) Members, under its first phase known as African Continental Free Trade Area (AfCFTA). At the conclusion of each of the three main economic integration the country was involved in, Nigeria came up with excuses that she needed additional consultations despite being part of the various processes leading to such conclusion. Without a national trade policy to guide her decision in the process and sequence of negotiation in these three economic integration agreements, Africa’s biggest economy is in a quandary situation of what to do next. This paper attempts examining these issues with a view of offering possible solution.

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