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

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...

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Bibliographic Details
Main Authors: von Uexkull, Erik, Shui, Lulu
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
GDP
TAX
Online Access:http://documents.worldbank.org/curated/en/2014/06/19732830/implementing-ecowas-common-external-tariff-challenges-opportunities-nigeria
http://hdl.handle.net/10986/18935
id okr-10986-18935
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTING
AD VALOREM
ADJUSTMENT ASSISTANCE
AGRICULTURAL PRODUCTS
AGRICULTURAL SECTOR
APPAREL
APPAREL INDUSTRIES
APPLICATION OF STANDARDS
AVERAGE TARIFF
BARRIERS TO TRADE
BORDER TRADE
CAPITAL GOODS
CASE-BY-CASE BASIS
COLLECTED TARIFF
COMPARATIVE ADVANTAGE
COMPETITIVENESS
CROSS-BORDER TRADE
CROSS-BORDER TRANSACTIONS
CUSTOMS
CUSTOMS ADMINISTRATION
CUSTOMS CLEARANCE
CUSTOMS DUTIES
CUSTOMS MODERNIZATION
CUSTOMS REGIME
CUSTOMS UNION
CUSTOMS UNIONS
DEMAND ELASTICITY
DOMESTIC MARKET
DOMESTIC PRICE
DOMESTIC PRICES
DOMESTIC PRODUCERS
DOMESTIC PRODUCTION
EQUILIBRIUM
EQUIPMENT
EXPORT MARKET
EXPORT OPPORTUNITIES
EXPORT PERFORMANCE
EXPORTER
EXPORTERS
EXPORTS
EXTERNAL TARIFF
FOOD INDUSTRY
FOREIGN CAPITAL
FOREIGN COMPETITION
FOREIGN MARKETS
FREE ACCESS
FREE TRADE
FREE TRADE AREA
FREE TREATMENT
GDP
GLOBAL MARKET
GLOBAL MARKETS
GLOBAL TRADE
GOVERNMENT REVENUE
HIGH DUTIES
HIGH TRADE BARRIERS
HOME MARKET
HUMAN RESOURCE
IMPACT OF TRADE
IMPORT BANS
IMPORT DATA
IMPORT LICENSES
IMPORT PROHIBITION
IMPORT PROHIBITIONS
IMPORT TARIFF
IMPORT TARIFFS
IMPORTED PRODUCTS
IMPORTING COUNTRY
IMPORTS
INCOME LEVELS
INDUSTRIAL PRODUCTS
INEFFICIENCY
INEQUALITY
INSTRUMENT
INTERMEDIATE INPUTS
INTERNATIONAL COMPETITION
INTERNATIONAL DEVELOPMENT
INTERNATIONAL TRADE
LABOR MARKET
LEVIES
LEVY
LIVING STANDARD
MICRO ENTERPRISES
MONETARY FUND
NON-TARIFF BARRIERS
POLICY PRIORITIES
POLICY RESEARCH
POLITICAL ECONOMY
POSITIVE EFFECTS
PREFERENTIAL MARGIN
PREFERENTIAL MARKET ACCESS
PRICE CHANGES
PRICE INCREASES
PRICE LEVELS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PROFIT MARGIN
PROFIT MARGINS
PROFITABILITY
PROTECTIVE MEASURES
REAL INCOME
REGIONAL INTEGRATION
REGIONAL TRADE
REGIONALISM
REMEDIAL MEASURES
RULES OF ORIGIN
STRUCTURAL CHANGE
TARIFF BARRIERS
TARIFF CHANGES
TARIFF EXEMPTIONS
TARIFF LEVELS
TARIFF PROTECTION
TARIFF RATE
TARIFF RATES
TARIFF REFORM
TARIFF REVENUE
TARIFF REVENUES
TARIFF STRUCTURE
TARIFF TREATMENT
TAX
TAX REVENUES
TERMS OF TRADE
TEXTILE INDUSTRY
TOTAL REVENUE
TRADE BARRIERS
TRADE CHANNELS
TRADE DATA
TRADE FACILITATION
TRADE FLOWS
TRADE INTEGRATION
TRADE LIBERALIZATION
TRADE MODEL
TRADE OPENNESS
TRADE POLICY
TRADE POLICY REFORM
TRADE REFORMS
TRADE REGIME
TRADE REGULATIONS
TRADE RELATIONSHIPS
TRADE TAXES
TRADING
VALUE OF EXPORTS
WAGES
WELFARE OF CONSUMERS
WORLD MARKET
ZERO TARIFFS
spellingShingle ACCOUNTING
AD VALOREM
ADJUSTMENT ASSISTANCE
AGRICULTURAL PRODUCTS
AGRICULTURAL SECTOR
APPAREL
APPAREL INDUSTRIES
APPLICATION OF STANDARDS
AVERAGE TARIFF
BARRIERS TO TRADE
BORDER TRADE
CAPITAL GOODS
CASE-BY-CASE BASIS
COLLECTED TARIFF
COMPARATIVE ADVANTAGE
COMPETITIVENESS
CROSS-BORDER TRADE
CROSS-BORDER TRANSACTIONS
CUSTOMS
CUSTOMS ADMINISTRATION
CUSTOMS CLEARANCE
CUSTOMS DUTIES
CUSTOMS MODERNIZATION
CUSTOMS REGIME
CUSTOMS UNION
CUSTOMS UNIONS
DEMAND ELASTICITY
DOMESTIC MARKET
DOMESTIC PRICE
DOMESTIC PRICES
DOMESTIC PRODUCERS
DOMESTIC PRODUCTION
EQUILIBRIUM
EQUIPMENT
EXPORT MARKET
EXPORT OPPORTUNITIES
EXPORT PERFORMANCE
EXPORTER
EXPORTERS
EXPORTS
EXTERNAL TARIFF
FOOD INDUSTRY
FOREIGN CAPITAL
FOREIGN COMPETITION
FOREIGN MARKETS
FREE ACCESS
FREE TRADE
FREE TRADE AREA
FREE TREATMENT
GDP
GLOBAL MARKET
GLOBAL MARKETS
GLOBAL TRADE
GOVERNMENT REVENUE
HIGH DUTIES
HIGH TRADE BARRIERS
HOME MARKET
HUMAN RESOURCE
IMPACT OF TRADE
IMPORT BANS
IMPORT DATA
IMPORT LICENSES
IMPORT PROHIBITION
IMPORT PROHIBITIONS
IMPORT TARIFF
IMPORT TARIFFS
IMPORTED PRODUCTS
IMPORTING COUNTRY
IMPORTS
INCOME LEVELS
INDUSTRIAL PRODUCTS
INEFFICIENCY
INEQUALITY
INSTRUMENT
INTERMEDIATE INPUTS
INTERNATIONAL COMPETITION
INTERNATIONAL DEVELOPMENT
INTERNATIONAL TRADE
LABOR MARKET
LEVIES
LEVY
LIVING STANDARD
MICRO ENTERPRISES
MONETARY FUND
NON-TARIFF BARRIERS
POLICY PRIORITIES
POLICY RESEARCH
POLITICAL ECONOMY
POSITIVE EFFECTS
PREFERENTIAL MARGIN
PREFERENTIAL MARKET ACCESS
PRICE CHANGES
PRICE INCREASES
PRICE LEVELS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PROFIT MARGIN
PROFIT MARGINS
PROFITABILITY
PROTECTIVE MEASURES
REAL INCOME
REGIONAL INTEGRATION
REGIONAL TRADE
REGIONALISM
REMEDIAL MEASURES
RULES OF ORIGIN
STRUCTURAL CHANGE
TARIFF BARRIERS
TARIFF CHANGES
TARIFF EXEMPTIONS
TARIFF LEVELS
TARIFF PROTECTION
TARIFF RATE
TARIFF RATES
TARIFF REFORM
TARIFF REVENUE
TARIFF REVENUES
TARIFF STRUCTURE
TARIFF TREATMENT
TAX
TAX REVENUES
TERMS OF TRADE
TEXTILE INDUSTRY
TOTAL REVENUE
TRADE BARRIERS
TRADE CHANNELS
TRADE DATA
TRADE FACILITATION
TRADE FLOWS
TRADE INTEGRATION
TRADE LIBERALIZATION
TRADE MODEL
TRADE OPENNESS
TRADE POLICY
TRADE POLICY REFORM
TRADE REFORMS
TRADE REGIME
TRADE REGULATIONS
TRADE RELATIONSHIPS
TRADE TAXES
TRADING
VALUE OF EXPORTS
WAGES
WELFARE OF CONSUMERS
WORLD MARKET
ZERO TARIFFS
von Uexkull, Erik
Shui, Lulu
Implementing the ECOWAS Common External Tariff : Challenges and Opportunities for Nigeria
geographic_facet Africa
Nigeria
relation Africa Trade Practice Working Paper Series;No. 5
description 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.
format Publications & Research :: Working Paper
author von Uexkull, Erik
Shui, Lulu
author_facet von Uexkull, Erik
Shui, Lulu
author_sort von Uexkull, Erik
title Implementing the ECOWAS Common External Tariff : Challenges and Opportunities for Nigeria
title_short Implementing the ECOWAS Common External Tariff : Challenges and Opportunities for Nigeria
title_full Implementing the ECOWAS Common External Tariff : Challenges and Opportunities for Nigeria
title_fullStr Implementing the ECOWAS Common External Tariff : Challenges and Opportunities for Nigeria
title_full_unstemmed Implementing the ECOWAS Common External Tariff : Challenges and Opportunities for Nigeria
title_sort implementing the ecowas common external tariff : challenges and opportunities for nigeria
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2014/06/19732830/implementing-ecowas-common-external-tariff-challenges-opportunities-nigeria
http://hdl.handle.net/10986/18935
_version_ 1764443386341752832
spelling okr-10986-189352021-04-23T14:03:51Z Implementing the ECOWAS Common External Tariff : Challenges and Opportunities for Nigeria von Uexkull, Erik Shui, Lulu ACCOUNTING AD VALOREM ADJUSTMENT ASSISTANCE AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR APPAREL APPAREL INDUSTRIES APPLICATION OF STANDARDS AVERAGE TARIFF BARRIERS TO TRADE BORDER TRADE CAPITAL GOODS CASE-BY-CASE BASIS COLLECTED TARIFF COMPARATIVE ADVANTAGE COMPETITIVENESS CROSS-BORDER TRADE CROSS-BORDER TRANSACTIONS CUSTOMS CUSTOMS ADMINISTRATION CUSTOMS CLEARANCE CUSTOMS DUTIES CUSTOMS MODERNIZATION CUSTOMS REGIME CUSTOMS UNION CUSTOMS UNIONS DEMAND ELASTICITY DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICES DOMESTIC PRODUCERS DOMESTIC PRODUCTION EQUILIBRIUM EQUIPMENT EXPORT MARKET EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORTER EXPORTERS EXPORTS EXTERNAL TARIFF FOOD INDUSTRY FOREIGN CAPITAL FOREIGN COMPETITION FOREIGN MARKETS FREE ACCESS FREE TRADE FREE TRADE AREA FREE TREATMENT GDP GLOBAL MARKET GLOBAL MARKETS GLOBAL TRADE GOVERNMENT REVENUE HIGH DUTIES HIGH TRADE BARRIERS HOME MARKET HUMAN RESOURCE IMPACT OF TRADE IMPORT BANS IMPORT DATA IMPORT LICENSES IMPORT PROHIBITION IMPORT PROHIBITIONS IMPORT TARIFF IMPORT TARIFFS IMPORTED PRODUCTS IMPORTING COUNTRY IMPORTS INCOME LEVELS INDUSTRIAL PRODUCTS INEFFICIENCY INEQUALITY INSTRUMENT INTERMEDIATE INPUTS INTERNATIONAL COMPETITION INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE LABOR MARKET LEVIES LEVY LIVING STANDARD MICRO ENTERPRISES MONETARY FUND NON-TARIFF BARRIERS POLICY PRIORITIES POLICY RESEARCH POLITICAL ECONOMY POSITIVE EFFECTS PREFERENTIAL MARGIN PREFERENTIAL MARKET ACCESS PRICE CHANGES PRICE INCREASES PRICE LEVELS PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MARGIN PROFIT MARGINS PROFITABILITY PROTECTIVE MEASURES REAL INCOME REGIONAL INTEGRATION REGIONAL TRADE REGIONALISM REMEDIAL MEASURES RULES OF ORIGIN STRUCTURAL CHANGE TARIFF BARRIERS TARIFF CHANGES TARIFF EXEMPTIONS TARIFF LEVELS TARIFF PROTECTION TARIFF RATE TARIFF RATES TARIFF REFORM TARIFF REVENUE TARIFF REVENUES TARIFF STRUCTURE TARIFF TREATMENT TAX TAX REVENUES TERMS OF TRADE TEXTILE INDUSTRY TOTAL REVENUE TRADE BARRIERS TRADE CHANNELS TRADE DATA TRADE FACILITATION TRADE FLOWS TRADE INTEGRATION TRADE LIBERALIZATION TRADE MODEL TRADE OPENNESS TRADE POLICY TRADE POLICY REFORM TRADE REFORMS TRADE REGIME TRADE REGULATIONS TRADE RELATIONSHIPS TRADE TAXES TRADING VALUE OF EXPORTS WAGES WELFARE OF CONSUMERS WORLD MARKET ZERO TARIFFS 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. 2014-07-21T15:37:29Z 2014-07-21T15:37:29Z 2014-06 http://documents.worldbank.org/curated/en/2014/06/19732830/implementing-ecowas-common-external-tariff-challenges-opportunities-nigeria http://hdl.handle.net/10986/18935 English en_US Africa Trade Practice Working Paper Series;No. 5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Africa Nigeria