Experts urge policy shift to tackle China trade imbalance
Experts urge Nigeria to implement new policies to tackle the huge trade imbalance with China, despite a recent rise in raw commodity exports. Read More: https://punchng.com/experts-urge-policy-shift-to-tackle-china-trade-imbalance/
Trade experts have warned the Federal Government to implement policies to address the widening trade imbalance between Nigeria and China. This comes after the Chinese Embassy reported an 81% increase in Nigerian imports into China during the first half of 2026, attributing the rise to expanding bilateral trade and China's zero-tariff policy for Nigerian products.
The Chinese Ambassador to Nigeria, Yu Dunhai, revealed that Chinese imports from Nigeria grew by $2.3bn in the first half of 2026, representing an 80% increase, and bilateral trade between the two countries reached $18bn during the period, marking a 35% year-on-year increase. International trade consultant Okey Ibeke cautioned against judging the policy change based solely on raw commodity export growth, emphasizing that Nigeria must also build productive capacity and capture more value from the trade relationship.
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