Trade monitoring
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.
Comprendre l'OMC
Il y a plusieurs manières de considérer l'Organisation mondiale du commerce. C'est une organisation qui s'occupe de l'ouverture commerciale. C'est une enceinte où les gouvernements négocient des accords commerciaux. C'est un lieu où ils règlent leurs différends commerciaux. C'est une organisation qui administre un ensemble de règles commerciales. L'OMC est essentiellement un lieu où les gouvernements Membres tentent de régler les problèmes commerciaux qui les opposent.
Trade in services
In 2010 the Council for Trade in Services continued its discussions of specific services sectors and modes of supply, on the basis of background notes produced by the WTO Secretariat. Thirteen such notes were discussed in 2010 and a final two will be addressed in 2011. The council also embarked on its third review of most-favoured-nation (MFN) exemptions. These exemptions from the WTO’s fundamental principle of non-discrimination between trading partners are permitted under the GA TS, subject to certain conditions, but are supposed to be phased out over time.