An assessment of multilateral trade frameworks and their influence on economic growth: A case study of the WTO in Abuja
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Background of the Study
Multilateral trade frameworks, such as those governed by the World Trade Organization (WTO), play a pivotal role in shaping the economic landscapes of member states. In Abuja, these frameworks facilitate the liberalization of trade, promote regulatory harmonization, and enhance market access, thereby driving economic growth. The WTO’s policies are designed to reduce trade barriers, resolve disputes, and foster an environment of fair competition among nations (Williams, 2023). These mechanisms have been instrumental in attracting foreign investment and stimulating domestic industries by providing predictable rules for international commerce. In the context of Abuja, the application of WTO principles has led to significant improvements in economic policy and infrastructure development. However, the benefits of these multilateral agreements are often tempered by challenges such as regulatory inconsistencies, protectionist measures, and external economic shocks. This study examines how the WTO’s multilateral trade frameworks influence economic growth in Abuja, identifying the key drivers and limitations within the local context. The research also explores the potential for policy reforms that could maximize the positive impact of global trade agreements on economic development (Martin, 2024; Chen, 2025).
Statement of the problem
Although the WTO’s multilateral trade frameworks are intended to spur economic growth, Abuja faces challenges in fully capitalizing on these benefits. Inconsistent domestic policies, bureaucratic delays, and external market volatility undermine the potential for sustained economic progress. These issues raise concerns about the adequacy of current trade frameworks in addressing local economic needs. The study aims to investigate these challenges and propose strategies to better align WTO policies with Abuja’s development objectives (Williams, 2023; Chen, 2025).
Objectives of the Study
To assess the influence of WTO trade frameworks on economic growth in Abuja.
To identify challenges hindering the effective implementation of these frameworks.
To recommend policy strategies to enhance economic development.
Research questions
How do WTO multilateral trade frameworks influence economic growth in Abuja?
What are the main challenges in implementing these trade policies locally?
What policy measures can improve the economic impact of multilateral trade frameworks?
Significance of the Study
This study is significant as it evaluates the effectiveness of WTO trade frameworks in promoting economic growth in Abuja. The findings will assist policymakers in refining trade policies to stimulate sustainable development and enhance competitiveness in the global market (Martin, 2024).
Scope and Limitations of the Study
The study is limited to assessing the influence of WTO trade frameworks on economic growth in Abuja. It does not consider bilateral or regional trade agreements outside the WTO framework.
Definitions of terms
Multilateral trade frameworks: International agreements that govern trade relations among multiple countries.
Economic growth: The increase in the production of goods and services over a specific period.
WTO: The World Trade Organization, responsible for regulating international trade.
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