"We have looked at the agreement and we believe that the agreements are situated in the 19th century and we are now in the 21st century," Nigerian govt claims
To survive and grow its economy, Nigeria’s best option might be to protect its infant industries and grow them to a point where it can comfortably play on the grand waters of international trade. Until then, the EPA might be a right step in the wrong direction.
The treaty is an important attempt by two developing countries to move toward a new generation of BITs fully aligned with the evolution of international law.
While the debate on the treaty regulating business impact on human rights is likely to continue for a while longer, some recent developments in international investment law seem to be moving forward on international human rights law obligations for businesses
Morocco and Nigeria signed a new investment treaty, which is a good illustration of the new “generation” of investment protection.
The Manufacturers Association of Nigeria has again cautioned the Federal Government to be wary of the Economic Community of West African States – European Union Economic Partnership Agreement.
Africans are insisting on actual economic development which is leaving European trade negotiators exasperated. Rick Rowden explains why their stand is historic and right.
Government eager for expertise and capital from electronics and machinery makers.
Nigeria has commenced negotiations to facilitate the adoption of the Continental Free Trade Area after lagging behind among other trade blocs.
EU Trade Commissioner Cecilia Malmström came under fire from Nigeria over the state of the bloc’s Economic Partnership Agreements with the developing world.
After the Brexit it is useful to update the value of imports and losses of import duties of Nigeria from the EU28 minus the United Kingdom in case of the implementation of the regional EPA.
The European Union may terminate the Temporary Free Market Access it granted Nigeria to export products to the EU due to Nigeria’s failure to sign the ECOWAS-EU Economic Partnership Agreement, reports Financial Vanguard
Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has urged the Federal Government to refrain from signing the West Africa-EU Economic Partnership Agreement
EU’s Deputy Head of Delegation noted that the EU will not hesitate to withdraw the free access to European market enjoyed by the resenting countries: Nigeria, the Gambia and Mauritania.
Nigeria is to establish a free trade zone with Kenya, South Africa and Egypt. The four countries have already worked out modalities for establishing the zone.
Social Action has asked the federal government to not to sign the Economic Partnership Agreement with the European Union. Ghana and Ivory Coast have also resisted the EPA
A report authored by Social Action, a social development organisation, indicates that Nigeria stands to loose up to $1.3 trillion in forms of customs duties, taxation and other revenue sources throughout the 10 year implementation period of Economic Partnership Agreement (EPA).
Any attempt to encourage cheap EU imports will not only retard local production, it may also be counter-productive to the country’s industrialisation plans.
The European Union has asked Nigeria to sign the Economic Partnership Agreement with attractive offers including a €6.5bn (about N1.4tn) Development Programme.