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An Assessment Of Wto Rules And Implications On Nigerian Trade
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1.2 STATEMENT OF THE PROBLEM
Lowering trade barriers is one of the
most obvious means of encouraging trade. The barriers concerned include
customs duties (or tariffs) and measures such as import bans or quotas
that restrict quantities selectively.
Since, Nigeria registered the
world trade organization treaty in December 1994, there has been
occasional focus on the economic implication of this treaty for the
Nigerian economy. Nigeria registered the WTO treaty in December 1994 and
thus became a funding member of the organization in January 1995. The
researcher is seeking to assess how Nigerian external trade fared since
she became a signatory to the W. T. O. in 1995 and how the adherence to
the provisions of the organization affected non-oil exports and trade
liberalization in Nigeria. Although, WTO agreements allow countries to
introduce changes gradually through progressive liberalization.
Developing countries like Nigeria are usually given longer period to
fulfill their obligations.
1.3 OBJECTIVES OF THE STUDY
The following are the objectives of this study:
1. To examine the rule of the World Trade Organization.
2. To examine the Implication of World Trade Organization rules on Nigerian trade.
3. To examine the effect of trade liberalization on Nigerian trade.
1.4 RESEARCH QUESTIONS
1. What are the rules of the World Trade Organization?
2. What are the Implication of World Trade Organization rules on Nigerian trade?
3. What is the effect of trade liberalization on Nigerian trade?
1.6 SIGNIFICANCE OF THE STUDY
The
outcome of this study will further draw the attention of the
government, managers of the economy as well as the general public to the
problems associated with the full liberalization of trade. It will also
assist policy makers in the choice of policy options as it relates to
trade, as issues raised in this study will serve as guide. It will
further enhance the available literatures on the trade dynamics between
developed and developing countries or between centre states and
peripheral states. Finally, it is our hope that the findings of the
study will stimulate further researches in this field which will further
expand the understanding of the position of third world economies in
the global trade system.
1.7 SCOPE/LIMITATIONS OF THE STUDY
This study will cover the rules of the World Trade Organization and its implication on both internal and external trade.
LIMITATION OF STUDY
Financial
constraint- Insufficient fund tends to impede the efficiency of the
researcher in sourcing for the relevant materials, literature or
information and in the process of data collection (internet,
questionnaire and interview).
Time constraint- The researcher will
simultaneously engage in this study with other academic work. This
consequently will cut down on the time devoted for the research work.
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