A Case Study of the Impact of Non-tariff Barriers on Trade Flow between Liberia and Nigeria (2015 - 2019)

A Case Study of the Impact of Non-tariff Barriers on Trade Flow between Liberia and Nigeria (2015 - 2019)

Ramses T Kumbuyah

9,17 €
IVA incluido
Disponible
Editorial:
Global Summit House
Año de edición:
2021
ISBN:
9781956736342
9,17 €
IVA incluido
Disponible

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The objective of this study was to identify the operational and policy bottlenecks that areadversely affecting trade growth between Liberia and Nigeria. Focus was on assessing theimpact of Non-Tariff Barriers (NTBs) on the flow of goods from Nigeria to Liberiaand vice versa; how the NTBs are affecting the flow of goods andpeople; what are the inhibiting factors, and make recommendationsfor consideration by policy makers in the trade sector of the twocounties. Majority of the Liberian and Nigerian traders that travelby road to do business are small (petty) business people. Theytravel with their goods or put them on the trucks from Nigeria toLiberia. The question that the study tried to investigate was that'why is it that these business people are not able to expand theirbusinesses and tap successfully on the big Nigerian market ofover one hundred million consumers?' The study found out thatthe Non-tariff barriers are a contributing factor to restraining tradeflow within West Africa, especially between Liberia and Nigeria.The NTBs are a binding constraint inhibiting trade and limitinggains from trade. Among the NTBs affecting trade flow betweenLiberia and Nigeria are the many checkpoints on the highway andborder posts, the practice of extorting money from traders, andthe high level of corruption and bribery at border custom posts onthe trade route. The study concludes with operational and policyrecommendations

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