Publication:
Implementing the ECOWAS Common External Tariff : Challenges and Opportunities for Nigeria

dc.contributor.author von Uexkull, Erik
dc.contributor.author Shui, Lulu
dc.date.accessioned 2014-07-21T15:37:29Z
dc.date.available 2014-07-21T15:37:29Z
dc.date.issued 2014-06
dc.description.abstract The common external tariff (CET) for Economic Community of West African States (ECOWAS) was adopted at a Heads of State Summit in October 2013 in Dakar. This paper assesses the potential impact on Nigeria of implementing the new ECOWAS CET. It uses the World Bank's tariff reform impact simulation tool (TRIST) to simulate three scenarios: (i) keeping in place current import bans and levies which are charged in addition to tariffs, while implementing the CET tariff rate on non-banned products, (ii) removing the import bans and implementing the CET rate on all products, but keeping the additional import levies in place, and (iii) fully implementing the CET on all products and completely removing import bans and levies. The paper suggests that implementing the CET will have significant and largely positive effects on Nigerian consumers and producers. This note is intended to enrich the debate by presenting projections on the likely effects of CET implementation. To the extent possible with the limited available data, it gives a comprehensive overview of the effects to be expected on government revenue, the welfare of consumers, and the performance of Nigerian firms. It also discusses new opportunities for Nigerian firms to benefit from the regional market that are likely to arise if the CET is implemented. The note is organized as follows: section one gives introduction. Section two describes Nigeria's current trade profile with a particular focus on trade with the ECOWAS region. Section three makes use of the World Bank's TRIST to analyze the impact of implementing the CET in Nigeria in terms of changes in the level of protection by industry, government revenue from taxes levied at the border, consumer welfare, and the competitiveness of Nigerian firms. Section four shifts the focus beyond Nigeria's borders to look at the regional market within ECOWAS. en
dc.identifier http://documents.worldbank.org/curated/en/2014/06/19732830/implementing-ecowas-common-external-tariff-challenges-opportunities-nigeria
dc.identifier.uri http://hdl.handle.net/10986/18935
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Africa Trade Practice Working Paper Series;No. 5
dc.rights CC BY 3.0 IGO
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCOUNTING
dc.subject AD VALOREM
dc.subject ADJUSTMENT ASSISTANCE
dc.subject AGRICULTURAL PRODUCTS
dc.subject AGRICULTURAL SECTOR
dc.subject APPAREL
dc.subject APPAREL INDUSTRIES
dc.subject APPLICATION OF STANDARDS
dc.subject AVERAGE TARIFF
dc.subject BARRIERS TO TRADE
dc.subject BORDER TRADE
dc.subject CAPITAL GOODS
dc.subject CASE-BY-CASE BASIS
dc.subject COLLECTED TARIFF
dc.subject COMPARATIVE ADVANTAGE
dc.subject COMPETITIVENESS
dc.subject CROSS-BORDER TRADE
dc.subject CROSS-BORDER TRANSACTIONS
dc.subject CUSTOMS
dc.subject CUSTOMS ADMINISTRATION
dc.subject CUSTOMS CLEARANCE
dc.subject CUSTOMS DUTIES
dc.subject CUSTOMS MODERNIZATION
dc.subject CUSTOMS REGIME
dc.subject CUSTOMS UNION
dc.subject CUSTOMS UNIONS
dc.subject DEMAND ELASTICITY
dc.subject DOMESTIC MARKET
dc.subject DOMESTIC PRICE
dc.subject DOMESTIC PRICES
dc.subject DOMESTIC PRODUCERS
dc.subject DOMESTIC PRODUCTION
dc.subject EQUILIBRIUM
dc.subject EQUIPMENT
dc.subject EXPORT MARKET
dc.subject EXPORT OPPORTUNITIES
dc.subject EXPORT PERFORMANCE
dc.subject EXPORTER
dc.subject EXPORTERS
dc.subject EXPORTS
dc.subject EXTERNAL TARIFF
dc.subject FOOD INDUSTRY
dc.subject FOREIGN CAPITAL
dc.subject FOREIGN COMPETITION
dc.subject FOREIGN MARKETS
dc.subject FREE ACCESS
dc.subject FREE TRADE
dc.subject FREE TRADE AREA
dc.subject FREE TREATMENT
dc.subject GDP
dc.subject GLOBAL MARKET
dc.subject GLOBAL MARKETS
dc.subject GLOBAL TRADE
dc.subject GOVERNMENT REVENUE
dc.subject HIGH DUTIES
dc.subject HIGH TRADE BARRIERS
dc.subject HOME MARKET
dc.subject HUMAN RESOURCE
dc.subject IMPACT OF TRADE
dc.subject IMPORT BANS
dc.subject IMPORT DATA
dc.subject IMPORT LICENSES
dc.subject IMPORT PROHIBITION
dc.subject IMPORT PROHIBITIONS
dc.subject IMPORT TARIFF
dc.subject IMPORT TARIFFS
dc.subject IMPORTED PRODUCTS
dc.subject IMPORTING COUNTRY
dc.subject IMPORTS
dc.subject INCOME LEVELS
dc.subject INDUSTRIAL PRODUCTS
dc.subject INEFFICIENCY
dc.subject INEQUALITY
dc.subject INSTRUMENT
dc.subject INTERMEDIATE INPUTS
dc.subject INTERNATIONAL COMPETITION
dc.subject INTERNATIONAL DEVELOPMENT
dc.subject INTERNATIONAL TRADE
dc.subject LABOR MARKET
dc.subject LEVIES
dc.subject LEVY
dc.subject LIVING STANDARD
dc.subject MICRO ENTERPRISES
dc.subject MONETARY FUND
dc.subject NON-TARIFF BARRIERS
dc.subject POLICY PRIORITIES
dc.subject POLICY RESEARCH
dc.subject POLITICAL ECONOMY
dc.subject POSITIVE EFFECTS
dc.subject PREFERENTIAL MARGIN
dc.subject PREFERENTIAL MARKET ACCESS
dc.subject PRICE CHANGES
dc.subject PRICE INCREASES
dc.subject PRICE LEVELS
dc.subject PRODUCTIVITY
dc.subject PRODUCTIVITY GROWTH
dc.subject PROFIT MARGIN
dc.subject PROFIT MARGINS
dc.subject PROFITABILITY
dc.subject PROTECTIVE MEASURES
dc.subject REAL INCOME
dc.subject REGIONAL INTEGRATION
dc.subject REGIONAL TRADE
dc.subject REGIONALISM
dc.subject REMEDIAL MEASURES
dc.subject RULES OF ORIGIN
dc.subject STRUCTURAL CHANGE
dc.subject TARIFF BARRIERS
dc.subject TARIFF CHANGES
dc.subject TARIFF EXEMPTIONS
dc.subject TARIFF LEVELS
dc.subject TARIFF PROTECTION
dc.subject TARIFF RATE
dc.subject TARIFF RATES
dc.subject TARIFF REFORM
dc.subject TARIFF REVENUE
dc.subject TARIFF REVENUES
dc.subject TARIFF STRUCTURE
dc.subject TARIFF TREATMENT
dc.subject TAX
dc.subject TAX REVENUES
dc.subject TERMS OF TRADE
dc.subject TEXTILE INDUSTRY
dc.subject TOTAL REVENUE
dc.subject TRADE BARRIERS
dc.subject TRADE CHANNELS
dc.subject TRADE DATA
dc.subject TRADE FACILITATION
dc.subject TRADE FLOWS
dc.subject TRADE INTEGRATION
dc.subject TRADE LIBERALIZATION
dc.subject TRADE MODEL
dc.subject TRADE OPENNESS
dc.subject TRADE POLICY
dc.subject TRADE POLICY REFORM
dc.subject TRADE REFORMS
dc.subject TRADE REGIME
dc.subject TRADE REGULATIONS
dc.subject TRADE RELATIONSHIPS
dc.subject TRADE TAXES
dc.subject TRADING
dc.subject VALUE OF EXPORTS
dc.subject WAGES
dc.subject WELFARE OF CONSUMERS
dc.subject WORLD MARKET
dc.subject ZERO TARIFFS
dc.title Implementing the ECOWAS Common External Tariff : Challenges and Opportunities for Nigeria en
dspace.entity.type Publication
okr.date.disclosure 2014-06-27
okr.doctype Publications & Research :: Working Paper
okr.docurl http://documents.worldbank.org/curated/en/2014/06/19732830/implementing-ecowas-common-external-tariff-challenges-opportunities-nigeria
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Finance and Markets
okr.globalpractice Governance
okr.globalpractice Trade and Competitiveness
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000442464_20140627090155
okr.identifier.internaldocumentum 19732830
okr.identifier.report 88843
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/27/000442464_20140627090155/Rendered/PDF/888430REPLACEM0Box385245B00PUBLIC0.pdf en
okr.region.administrative Africa
okr.region.country Nigeria
okr.topic Law and Development :: Trade Law
okr.topic International Economics and Trade :: Trade Policy
okr.topic Economic Theory and Research
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic International Economics and Trade :: Free Trade
okr.topic Macroeconomics and Economic Growth
okr.unit AFT: PREM 3 (AFTP3)
okr.volume 1 of 1
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