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Trade Policy Review: Nigeria 2017
“Trade Policy Reviews" analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat, a report by the government, and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - "key trade facts" - provides a visual overview of the WTO member's major exports/imports, main export destinations, origins for its imports and other key data. This edition looks into the trade practices of Nigeria.
Report by Nigeria
Since the last trade policy review in 2011, there have been significant changes in Nigeria’s economic and trade policies and in the political environment also. The country recorded a successful transition from one civilian government administration to another through a peaceful democratic election. The economy was re-based in 2013, following which the country emerged as the number one economy in Africa. In 2014, commodity prices collapsed, ending the commodity super-cycle. With a 60% drop in revenue, the economy entered a recession in 2016. Overall, although there are challenges, the foundations for structural transformation of the economy have been set with the “Economic Recovery and Growth Plan” (ERGP), a medium-term plan for the period 2017 to 2020. This ERGP was launched by President Buhari on 5 April 2017.
Concluding remarks by the Chairperson of the Trade Policy Review Body
This fifth Trade Policy Review has offered a very useful opportunity for Members to deepen their understanding of the trade policies and practices of Nigeria, and to collectively appreciate the challenges it currently faces in sustaining and improving its economic prosperity. I would like to thank the Nigerian delegation, led by Ambassador Chiedu Osakwe, Trade Adviser of the Federal Ministry of Trade, Industry and Investment, our discussant Ambassador Yee Woan Tan of Singapore, and the more than 45 delegations that took the floor for their valuable contributions.
Report by the WTO Secretariat
Nigeria is the 26th largest economy in the world, and the biggest in Africa where it is the leading oil exporter, with the largest natural gas reserves. As a result of its 2014 rebasing exercise, Nigeria’s GDP almost doubled from US$270 billion in 2013 to US$510 billion in 2014, and its economy has become more services driven (about 61% of GDP in 2016). This GDP increase by about 90% resulted from, inter alia, re-estimation of the contributions of certain sectors of the economy such as telecommunications, entertainment, and retail, which were previously not captured or underreported; the informal sector was re-estimated to account for about 44% of GDP.
Introduction
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT contracting parties in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Australie - Certaines mesures concernant les marques de fabrique ou de commerce, les indications géographiques et autres prescriptions en matière d’emballage neutre applicables aux produits du tabac et à leur emballage
Le 9 juin 2020, l’Organe d’appel a remis ses rapports dans les procédures engagées par le Honduras et la République dominicaine dans l’affaire “Australie — Certaines mesures concernant les marques de fabrique ou de commerce, les indications géographiques et autres prescriptions en matière d’emballage neutre applicables aux produits du tabac et à leur emballage” (DS435 et DS441).
Australie - Certaines mesures concernant les marques de fabrique ou de commerce, les indications géographiques et autres prescriptions en matière d’emballage neutre applicables aux produits du tabac et à leur emballage
Le 28 juin 2014, l’OMC a distribué le rapport du Groupe spécial dans les affaires introduites par le Honduras, la République dominicaine, Cuba et l’Indonésie “Australie — Certaines mesures concernant les marques de fabrique ou de commerce, les indications géographiques et autres prescriptions en matière d’emballage neutre applicables aux produits du tabac et à leur emballage” (DS435, DS441, DS458 et DS467)
Australia - Certain Measures Concerning Trademarks, Geographical Indications and Other Plain Packaging Requirements Applicable to Tobacco Products and Packaging
On 9 June 2020 the Appellate Body issued its reports in the cases brought by Honduras and the Dominican Republic in “Australia — Certain Measures Concerning Trademarks, Geographical Indications and Other Plain Packaging Requirements Applicable to Tobacco Products and Packaging” (DS435 and DS441).
Australia - Determinadas medidas relativas a las marcas de fábrica o de comercio, indicaciones geográficas y otras prescripciones de empaquetado genérico aplicables a los productos de tabaco y al empaquetado de esos productos
El 9 de junio de 2020, el Órgano de Apelación emitió sus informes en los asuntos planteados por Honduras y la República Dominicana en “Australia — Determinadas medidas relativas a las marcas de fábrica o de comercio, indicaciones geográficas y otras prescripciones de empaquetado genérico aplicables a los productos de tabaco y al empaquetado de esos productos” (DS435 y DS441).
Australia - Certain Measures Concerning Trademarks, Geographical Indications and Other Plain Packaging Requirements Applicable to Tobacco Products and Packaging
On 28 June 2018 the WTO circulated the panel report in the cases brought by Honduras, the Dominican Republic, Cuba and Indonesia in “Australia — Certain Measures Concerning Trademarks, Geographical Indications and Other Plain Packaging Requirements Applicable to Tobacco Products and Packaging.
Australia - Determinadas medidas relativas a las marcas de fábrica o de comercio, indicaciones geográficas y otras prescripciones de empaquetado genérico aplicables a los productos de tabaco y al empaquetado de esos productos
El 28 de junio de 2014 la OMC distribuyó el informe del Grupo Especial en los asuntos planteados por Honduras, la República Dominicana, Cuba e Indonesia “Australia — determinadas medidas relativas a las marcas de fábrica o de comercio, indicaciones geográficas y otras prescripciones de empaquetado genérico aplicables a los productos de tabaco y al empaquetado de esos productos” (DS435, DS441, DS458 y DS467)