ASSESSMENT OF THE POTENTIAL LEVEL OF FOOD TRADE IN THE ECOWAS REGION
Journal of Economics and Trade,
Page 35-51
Abstract
The study assessed the potential level of food trade in the ECOWAS region. Data used for analysis were secondary in nature. The data, which were sourced from the data base of the Food and Agricultural Organization statistical database (FAOSTAT), covered a period of 43 years between 1970 and 2012. The study revealed that, between 1970 and 2012, food export by all the member countries represented 5.0% of the ECOWAS intra-regional trade. The study concluded that all countries of the region are yet to fully exploit their potentials in the trade of food commodities within the region. It was recommended that policy reforms that will promote intra-regional food trade such as the establishment of new bilateral trade agreements and the strengthening of the existing ones should be facilitated in all the ECOWAS member states.
Keywords:
- Trade potential
- food trade
- ECOWAS region.
How to Cite
IBITOYE, O. (2020). ASSESSMENT OF THE POTENTIAL LEVEL OF FOOD TRADE IN THE ECOWAS REGION. Journal of Economics and Trade, 5(2), 35-51. Retrieved from https://ikpresse.com/index.php/JET/article/view/5678
References
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Ibitoye O, Ogunyemi AI, Ojo SO, Ibitoye AL. Achieving food security through regional integration: A Case of Food Trade within ECOWAS Region Journal of Economics and Trade. 2018;3(1):25–42.
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Baldwin R. Towards an Integrated Europe, Centre for Economic Policy Research, London; 1994.
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David L, Dale JM, Whipple GD. Revealed comparative advantage and the measurement of international competitiveness for agricultural commodities: An empirical analysis of wool exporters. Presented at Western Agricultural Economics Association Annual Meeting; 2013.
Christian H, Pasteels J. Assessing bilateral trade potential at the commodity level: An Operational Approach. ITC working paper; 2006.
Abdoulaye S, Cissokho L, Makpayo K, Haughton J. How important are non-tariff barriers to agricultural trade within ECOWAS? Research Working Paper No. 2010-3. Department of Economics, Suffolk University 8 Ashburton Place, Boston, MA 02108; 2010.
Liz BA, Overy. Bilateral and regional trade agreements. Advocates for International Development; 2012.
Michiel VD. African Regional Integration: Implications for food security. Paper prepared for EL&I; 2011.
Food and Agriculture Organization (FAO). Regional programme for food security (RPFS) in member countries of the economic community of West African States (ECOWAS). Draft Project. 2002;4–22.
Ibitoye O, Ogunyemi AI, Ojo SO, Ibitoye AL. Achieving food security through regional integration: A Case of Food Trade within ECOWAS Region Journal of Economics and Trade. 2018;3(1):25–42.
ECOWAS. Economic Community of West African States, Twenty-Eight Session of the Authority of Heads of States and Government, Abuja; 2005.
Raphael OB. The role of Nigerian agriculture in West African food security. International Food Policy Research Institute-Nigeria Strategy Support Program (NSSP) Report No. NSSP. 2012;11.
ECOWAS. Executive Secretary’s Annual Report: Accelerating the Integration of West African Economies to Face the Challenges of the 21st Century, ECOWAS Executive Secretariat Abuja, Nigeria: chap. 2010;111:105-110.
World Bank. West Africa Agricultural Productivity Program (WAAPP), Project Information Document, The World Bank, Washington DC, USA; 2011.
Wumi KO, Oluyomi AO. Economic integration, trade facilitation and agricultural exports performance in ECOWAS Member States. Paper Prepared for Presentation at the Eighth African Economic Conference on ‘Regional Integration in Africa’, October 28 – 30, 2013, Johannesburg, South Africa. ECOWAS Commission Abuja, Nigeria; 2013.
FAOSTAT. Food and agriculture organization statistics, www.faostat.fao.org Food and Agriculture Organization (FAO) (2002). Regional Programme for Food Security (RPFS) in Member Countries of the Economic Community of West African States (ECOWAS). Draft Project. 2015;2002:4–22.
Adil KM, Thangavelu S, Kalirajan K. On modelling and measuring potential trade. fourth annual international conference on public policy and management Indian Institute of Management Bangalore (IIMB). IGIDR Proceedings/Project Reports Series. 2009;062-32.
Baldwin R. Towards an Integrated Europe, Centre for Economic Policy Research, London; 1994.
Nilsson L. Trade Integration and the EU economic membership criteria. European Journal of Political Economy. 2000;16(4):807–27.
Kalirajan K. Regional cooperation and bilateral trade flows: An Empirical Measurement of Resistance Model’, The International Trade Journal. 2007;21(2).
Balassa B. Trade liberalisation and ‘revealed’ comparative advantage. The Manchester School Baldwin, R. Towards an Integrated Europe, Centre for Economic Policy Research, London. 1965;33:99–123.
David L, Dale JM, Whipple GD. Revealed comparative advantage and the measurement of international competitiveness for agricultural commodities: An empirical analysis of wool exporters. Presented at Western Agricultural Economics Association Annual Meeting; 2013.
Christian H, Pasteels J. Assessing bilateral trade potential at the commodity level: An Operational Approach. ITC working paper; 2006.
Abdoulaye S, Cissokho L, Makpayo K, Haughton J. How important are non-tariff barriers to agricultural trade within ECOWAS? Research Working Paper No. 2010-3. Department of Economics, Suffolk University 8 Ashburton Place, Boston, MA 02108; 2010.
Liz BA, Overy. Bilateral and regional trade agreements. Advocates for International Development; 2012.
Michiel VD. African Regional Integration: Implications for food security. Paper prepared for EL&I; 2011.
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