DYNAMICS OF NIGERIA'S INTERNATIONAL TRADE FROM AN AID FOR TRADE PERSPECTIVE

Question 1

… has been weaponized into a tool of strategic, coercive and political influence.

Answer 1

Trade

Question 2

In America, President Trump’s magna Carta of make “America great again” dwells a lot on his desire to correct …

Answer 2

to correct the unfair trade practices that he felt has left Americans poorer

Question 3

He blamed international trade for some of the nation’s biggest problems as past administrations had aggressively pursued a policy of globalization to the chagrin of American people; thereby moving wealth, jobs and factories overseas by

Answer 3

Thompson, 2019.

Question 4

Why have Africa seem to have been left behind from the picture “Trades as a weapon’’ despite contributing its share to global trade

Answer 4

African countries have failed to adopt Paul Krugman’s concept of strategic trade

Question 5

Three key factors of African International trade are

Answer 5

Agriculture, manufacturing[textiles and clothing] and services

Question 5

More so, many African countries had been unable to shift productions out of primary commodities such as agriculture and natural resources, the market of these products have been stagnant and the prices tend to go down in a long run except fuel by …

Answer 5

Peet, 2009

Question 6

One such order which WTO has introduced to help developing. countries participate more fairly in International trade is

Answer 6

Aid For Trade[AFT] regime

Question 7

AFT was introduced after the realization that Africa and other developing. countries cannot…

Answer 7

Trade liberalization policies.

Question 8

The trade liberalization policies are

Answer 8

tariffs reduction and elimination of the non-tariffs barriers

Question 9

Non-tariffs barrier are…

Answer 9

licensing rule; quota reduction/ elimination

Question 10

supply side trades deficiencies are

Answer 10

lack of infrastructures and institutions and robust trade negotiation

Question 11

During …, it became clear that many African countries lack both soft and hard infrastructures to benefit from the increasing level of global trade.

Answer 11

LIBERALIZATION PERIOD

Question 12

…. Refers to trade policies, regulations, facilitation measures/standard and procedures

Answer 12

Soft infrastructures

Question 13

Procedures include …. and ….

Answer 13

customs and border managements

Question 14

These …. that govern that govern the movement of goods within countries and across the borders were visibly lacking in many African Countries, including Nigeria.

Answer 14

Soft Infrastructures

Question 15

….., like physical infrastructures, which connects African countries and regions to international trade were not sufficient.

Answer 15

Hard Trade Infrastructure

Question 16

AfCFTA stand for

Answer 16

African Continengal Free Trade Areas

Question 17

AfCFTA which has the potential to improves Nigeria’s participation in Inter Africans and international trade beyond …

Answer 17

3% and 12% respectively

Question 18

…. is a concerted international effort in the form of Overseas Development Assistance[ODA] and Other Official Flow to help the low and middle income countries like Nigeria build supply-side and across the border trade capacities as well as trade infrastructures needed to benefit from global trade Liberalization effort initiated by WTO since 2006.

Answer 18

Aid for Trade [AfT]