Nigeria needs a trade remedies legislation and institution, especially as the country joins other African countries to commence trading under the AfCFTA . Trade remedies laws and institutions allow a country to protect its domestic industries from unfair import competition. It addresses such issues as safeguard from import surges, dumping, and subsidised imports. Many stakeholders have raised the concerns over the threat of dumping and sundry threats to local industries, most of which could be addressed by an effective trade remedies framework.
The Nigerian Office for Trade Negotiations (NOTN) is reported to have worked on a trade remedies framework, including drafting a new Bill and making proposals for interim application based on extant laws pending the passage of the Bill. However, this Bill has neither been approved by the Federal Executive Council nor submitted to the National Assembly for consideration. The only Bill before the National Assembly on this issue is the International Trade Commission Bill.
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