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Nairaland Forum / Nairaland / General / Business / West Africa The Least Trade Integrated Region In The World — Report (8624 Views)
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Re: West Africa The Least Trade Integrated Region In The World — Report by Ugosample(m): 8:41am On Mar 21, 2019 |
vioment: it's worrisome |
Re: West Africa The Least Trade Integrated Region In The World — Report by 9gerian: 8:41am On Mar 21, 2019 |
Well said. OlujobaSamuel: |
Re: West Africa The Least Trade Integrated Region In The World — Report by Ugosample(m): 8:42am On Mar 21, 2019 |
cr7lomo: true that |
Re: West Africa The Least Trade Integrated Region In The World — Report by Ugosample(m): 8:46am On Mar 21, 2019 |
EagleNest: true that 1 Like |
Re: West Africa The Least Trade Integrated Region In The World — Report by InyinyaAgbaOku(m): 9:43am On Mar 21, 2019 |
WhoBeThisMan: We didn't exist as one either precolonially. Many existed as separate empires and communities. The colonialists even brought us together more, for eg, brought 250 separate tribes as one country |
Re: West Africa The Least Trade Integrated Region In The World — Report by Bluntemperor: 9:56am On Mar 21, 2019 |
West African Integration since 25years ago I read in Economics as O/ Level Student then and nothing has changed! Shame on our Leaders.They parade themselves every now and then,disguising as if doing its Citizens any good but are local Champions without any leadership quality.The gulf between the Anglophone and their Francophone Counterparts have expanded beyond reasonable and tenable reason.While the other parts of the world are building-bridges,the West Africans are just on one sport and Nigeria lack luster leadership,porous borders,ethnicity and tribal warlords are feeding fat on numerous problems confronting it's citizens in this 21st Century that other integration are planning staying in the moon permanently.For now it's no Uhuru for West Africa. |
Re: West Africa The Least Trade Integrated Region In The World — Report by WhoBeThisMan: 10:00am On Mar 21, 2019 |
InyinyaAgbaOku:the brought us together by force bit by our free will. We should be left to chose who to join or form alliances with |
Re: West Africa The Least Trade Integrated Region In The World — Report by cr7lomo: 10:38am On Mar 21, 2019 |
WhoBeThisMan: Face and tell the truth and it will set u free |
Re: West Africa The Least Trade Integrated Region In The World — Report by Blue3k(m): 12:56pm On Mar 21, 2019 |
seunfly: 1. The first point is true about Nigeria and Ghana restricting trade. Funny enough they represent biggest ECOWAS exporters within regional trade. 2. The second point about Ghana oppening up trade doesn't matter. In other trading blocks around Asian and South America countries can do same and have higher trade integration. 3. ECOWAS already has rule against re-exporting non ECOWAS goods. Those goods are smuggled or brought legally back into country because Nigeria either banned them or restricted them making them very expensive domestically. Most of those gains are petty or non existent like in fish which Nigeria been importing more off. 3b. If other west Africa Nations have turned themselves into a dumping why arent Nigeria goods selling better than ever. You said Nigeria naking gains in those items but your exports hasn't expanded in those areas. 4. The clause seems like interesting idea. Flesh it out. Im sure a rule like that exist already. 1 Like |
Re: West Africa The Least Trade Integrated Region In The World — Report by naijajobx: 1:03pm On Mar 21, 2019 |
hmm |
Re: West Africa The Least Trade Integrated Region In The World — Report by ChaosMagus: 10:55am On Mar 25, 2019 |
seunfly: While I agree with your recommendations. First tell Nigeria to stop releasing that import prohibition list that even bans goods that are originally made in other ECOWAS nations especially Ghana. I hear some of you say these goods are originally made somewhere and brought to Ghana, but that's not true. On the contrary most of these goods are made, manufactured and packaged in Ghana. Nigeria must not fear competition. Nigerians would want their products to go to other countries, but do not want others products into their country. Imagine Nigeria refusing to sign the Africa free trade agreement, but I guess they will want to have their products in other countries. Forgetting that the agreement makes the African economy a one for all, all for one. And we all benefit. 3 Likes 1 Share |
Re: West Africa The Least Trade Integrated Region In The World — Report by PetroDollax: 11:59am On Mar 25, 2019 |
Very sensible argument. It is the kind of thing most Nigerians don’t want to hear. You want to export to other countries but you don’t want others to export to your country. What kind of nonsense logic is that? Everybody benefits from free trade. Upon all the prohibitions they have imposed, how has that helped the Nigerian economy? When it suits them as Ghana deporting Nigerians, they will shout Ecowas! But they forget the same Ecowas protocols allows for free trade among member countries. It is very outrageous for Nigerians to sit in their country. And assume every item coming from a Ghana was manufactured in another country. Absolute crap! ChaosMagus: |
Re: West Africa The Least Trade Integrated Region In The World — Report by PetroDollax: 12:12pm On Mar 25, 2019 |
You are not well informed and stop making bogus assumptions. First, it is not true that Ghaba “quickly signed” a trade agreement with China because of aid and political gain? Which aid? The current Ghanaian has launched a big campaign to break Ghana away from foreign aid. Ghana doesn’t need foreign aid to survive. The appalling thing about this whole low level of trade within Ecowas is simply the fault. You Nigerians sat down in your country and decided that while your leaders signed the Ecowas free trade protocols, you Nigerians will arbitrary impose sweeping prohibitions on goods to be imported into Nigeria from other west African states/Ecowas countries. And yet today as we speak, Nigeria is free to export virtually everything into Ghana, without restriction, including items supposedly not originally manufactured in Nigeria. In my opinion, that was the end of the Ecowas experience. Ecowas will continue to remain useless and irrelevant as long as individual countries want to impose their stvpid ideas on the group. seunfly: 2 Likes 1 Share |
Re: West Africa The Least Trade Integrated Region In The World — Report by grandstar(m): 12:37pm On Mar 25, 2019 |
PetroDollax: You are quite correct. Nigeria has become a nuisance with it's protectionist policies but unfortunately, the government and many of it's people like here on Nairaland fully support it This has simply made the country a smugglers paradise and has failed miserably to revive manufacturing. Benin and Cameroon are making lots of money from import duties for goods actually destined for Nigeria. This re-export industry is a huge part of the Beninoise economy. 4 Likes 1 Share |
Re: West Africa The Least Trade Integrated Region In The World — Report by grandstar(m): 12:48pm On Mar 25, 2019 |
seunfly: Protectionism has failed to industrialise the country. Ghana with a more open economy than Nigeria's has a capacity utilisation rate of 65%. This shows that imports aren't the problem but the dreadf level of competitiveness of Nigerian manufacturers. It also shows that a lot of manufacturers are engaged in goods the country lacks comparative advantage. You do not have to fear imports if you have comparative advantage in it. Export led industrialisation is the way to go. That's what made Japan, Taiwan, South Korea, Hong Kong and most importantly China the industrial giants they are today. It's also export led industrialisation that is changing Central European countries from Slovakia to Poland. Thinking import substitution will turn manufacturing around is delusional. 4 Likes 2 Shares |
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