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In this paper, we establish an effective medium approximation (EMA) for effective conductivity of nonlinear composite media. As an example, we consider a two-dimensional composite medium with a cylindrical inclusion embedded in a homogeneous host, both the host and the inclusion having nonlinear current-voltage constitutive relations, and apply the perturbation expansion method to derive its analytic series solution. Using the nonlinear EMA we derive the formulae of the first-, the third- and the fifth-order effective conductivities, which are valid for nonlinear composite media with middle concentration of inclusion.