Intra-Community Trade in Agricultural Products: Options for Trade Volume Expansion by ECOWAS

Abstract

The study analyzed agricultural product trade data to ascertain the extent of involvement of ECOWAS in community trade between 2013 and 2017. The extent to which members fulfilled the regional trade co-operation policy objective of expanding the volume of intra-community trade is gauged by computed trade indices. Each index measures intra-community trade as a share of total trade, and takes values between 0 and 1. The value is 0, if trade is truly intra-community carried out by all or most members; and 1, if trade is inter-regional, most trade being carried out by few community members. Value of annual index were influenced by cases of none, under or over reporting by member nations. Analysis revealed that intra-community trade occurred more in animal than food products, while vegetable products accounted for less. It is recommended that ECOWAS member nations should seek and utilizing foreign direct investment in development of agricultural sector to improve value chain in addition to increasing and sustaining intra-community trade volume. Besides, reports of intra-community exports and imports of agricultural products should be accurate, and no member should import from other regions where sub-community members are suppliers.

Keywords: Agricultural Product Sub-sections, ECOWAS, Intra-Community Trade, Extent.

DOI: 10.7176/DCS/9-1-08