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ECOWAS Economic Partnership Agreement with the EU and Nigerian Trade and Development

ADJUSTMENT ASSISTANCE ADVERSE EFFECTS AGRICULTURAL PRODUCTS AGRICULTURE APPAREL AVERAGE PRODUCTIVITY AVERAGE TARIFF BUSINESS CLIMATE CAPITAL GOOD CAPITAL GOODS CHANGES IN TRADE COMPETITIVE MARKET COMPETITIVENESS COMPETITIVENESS AGENDA CONSUMER DEMAND CONSUMER GOODS CONSUMER PRICES CONSUMERS COUNTRY OF ORIGIN CURRENCY CUSTOMS CUSTOMS AUTHORITIES CUSTOMS REGIME CUSTOMS UNION DATA LIMITATIONS DEMAND ELASTICITY DEVALUATION DOMAIN DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC PRICE DOMESTIC PRODUCTION ELASTICITY ELECTRICITY ENTERPRISE SURVEY EQUILIBRIUM EQUIPMENT EXPENDITURE EXPORT COMPETITIVENESS EXPORT MARKET EXPORTERS EXPORTS EXTERNAL TARIFF FREE ACCESS FREE MARKET FREE MARKET ACCESS FREE TRADE GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM TRADE GENERAL SYSTEM OF PREFERENCES GEOGRAPHICAL DISPARITIES GLOBAL MARKET GOVERNMENT REVENUE GROWTH RATE HOME MARKET IMPACT ASSESSMENT IMPACT ASSESSMENTS IMPACT OF TRADE IMPLEMENTATION PERIOD IMPLEMENTATION STAGES IMPORT BANS IMPORT DATA IMPORT PRODUCTS IMPORT TAXES IMPORT VALUE INCOME INEQUALITY INFANT INDUSTRY INPUT PRICES INTERMEDIATE INPUTS INTERNATIONAL MARKET INTERNATIONAL TRADE LABOR MARKET MACROECONOMIC REPERCUSSIONS MANUFACTURING MARKET ACCESS MARKET OPPORTUNITIES MARKET SHARE METAL PRODUCTS MULTILATERAL TRADE NEW MARKETS PARTNERSHIP AGREEMENT PARTNERSHIP AGREEMENTS POLITICAL ECONOMY POSITIVE EFFECTS PREFERENTIAL MARGIN PREFERENTIAL MARKET ACCESS PRICE CHANGE PRICE CHANGES PRICE OF IMPORTS PRIVATE SECTOR PRODUCT CATEGORIES PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROFIT MARGIN PROFIT MARGINS PROFITABILITY PROTECTION MEASURES PROTECTIONISM REAL EXCHANGE RATE REGIONAL TRADE RESULT RESULTS RULES OF ORIGIN SAFEGUARD MEASURES SALES STRUCTURAL CHANGE SUBSTITUTION SUBSTITUTION EFFECT SUPPLIERS SUPPLY ELASTICITY TARGETS TARIFF BARRIERS TARIFF CHANGES TARIFF DATA TARIFF EXEMPTIONS TARIFF LINE TARIFF LINES TARIFF PROTECTION TARIFF RATE TARIFF RATES TARIFF REDUCTIONS TARIFF REFORM TARIFF REVENUE TARIFF STRUCTURE TAX REVENUE TAX REVENUES TELECOMMUNICATION TIME PERIOD TOTAL OUTPUT TRADE BARRIERS TRADE CENTER TRADE DATA TRADE DIVERSION TRADE EFFECT TRADE FACILITATION TRADE FLOWS TRADE INTEGRATION TRADE LIBERALIZATION TRADE MODEL TRADE MODELS TRADE POLICY TRADE POLICY INSTRUMENTS TRADE POLICY REFORM TRADE PROTECTION TRADE REFORM TRADE REFORMS TRADE SHOCKS TRADE TAXES TRANSACTION TRANSPORT COSTS UNEMPLOYMENT USES VALUE ADDED VALUE CHAINS WEALTH WEIGHTED AVERAGE PRICES WORLD TRADE
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World Bank, Washington, DC
Africa | Europe and Central Asia
2015-01-05T17:29:02Z | 2015-01-05T17:29:02Z | 2014-09-30

This paper offers a simple way to assess the impact on the economy of Nigeria of an economic partnership agreement (EPA) between the ECOWAS countries and the European Union (EU) , based on the market access offer contained in the negotiation proposals in early 2014 with the following key elements: liberalization, to the benefit of the EU, of West African market access for 75 percent of tariff lines over a period of 20 years; three categories of products subject to gradual liberalization, in four stages of five years each, starting on December 31, 2019 for the first category being liberalized and finishing in 2035 for the third category. The fourth category of products, representing one quarter of all tariff lines, is not subject to liberalization; and possibility of recourse to trade defense measures, including bilateral safeguard measures (article 22) and an infant industry clause (article 23). The analysis presented in this paper is based on a new methodology that combines the advantages of a partial equilibrium modeling framework with the wealth of firm level information contained in a World Bank enterprise survey for Nigeria. The intention is to add value to the policy debate around the EPA by generating results that are intuitive and transparent to a non-technical audience, and that rely on a limited number of simple assumptions, while adding precision and detail to the expected impact on the domestic economy.

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