ISDS Case Map
Nigeria
Prime Minister Sheikh Hasina here today urged the Developing-8 member states to evolve their own mechanism for establishing a D-8 Free Trade Area (FTA) to increase trade and business.
India and its largest African trading partner Nigeria will conclude by June the talks to sign agreements on trade, investment and double taxation avoidance that will lead to a Comprehensive Economic Partnership Agreement (CEPA).
Recently the Thai Commerce Minister visited Nigeria were he discussed the proposal of a Bilateral Trade and Investment Agreement -- primarily involving agricultural development -- with the Nigerian Minister for Commerce and Industry.
Nigeria, sub-Saharan Africa's second largest economy, will not sign free trade deals with the European Union until it is sure it can comfortably compete, a minister said on Wednesday.
President Dmitry Medvedev is embarking Tuesday on a four-day African tour, beginning with a visit to Egyptian President Hosni Mubarak before moving on to Nigeria, Namibia and Angola. Medvedev's trip appears focused on helping Russian companies gain additional access to the continent's natural resources wealth.
Nigeria has expressed doubts about its readiness to sign the Economic Partnership Agreement (EPA) this month with the European Union (EU).
Nigeria is not ready to sign the Economic Partnership Agreement (EPA) aimed to liberalise trade between Africa, the European Union (EU), Carribean and Pacific countries, Minister of Commerce and Indsutry Chief Achike Udenwa said yesterday.
The European Commission (EC) will give Nigeria 600 million euros to assist it in the areas of trade and regional integration, the head of the EC delegation to Nigeria, Mr. Dennis Theulin said here Friday.
For failing to assent to the interim Economic Partnership Agreement (EPA) being proposed by the EU to the African Caribbean and Pacific (ACP) countries, processed agricultural produce being exported from Nigeria to the EU attracts an extra cost of a minimum of 6 per cent of the total value of products being exported. Similar products being exported from countries such as Ghana, Cote d'Ivoire and others who have endorsed the temporary EPA do not attract this extra cost, therefore putting Nigerian products at a major cost disadvantage in the export of processed products to the EU.
Double standards are being applied in the way that the European Union awards trade preferences to poor countries, an African exporters grouping has alleged.
