Trade Policy: Prospects and Challenges

Olumuyiwa Alaba, Adeola Adenikinju and Paul Collier

Chapter 6 in Economic Policy Options for a Prosperous Nigeria, 2008, pp 147-166 from Palgrave Macmillan

Abstract: Abstract As in many spheres of economic policy, Nigeria inherited from past military regimes a trade policy that was out of line with most other developing countries, and so an active process of reform was appropriate. Nigerian trade policy has been distinctive in imposing both quantitative bans on some imports, a practice now rarely used elsewhere, and high and variable tariffs on many other imports. Reform is thus likely to involve the abandonment of quantitative restrictions and the reduction and harmonization of tariffs.

Keywords: European Union; Gross Domestic Product; World Trade Organization; Trade Policy; Trade Liberalization (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-58319-1_7

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DOI: 10.1057/9780230583191_7

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