Published On: Fri, Jan 20th, 2017

Nigeria pledges commitment to WTO

MINISTER for Industry, Trade and Investment, Dr Okechukwu Enelamah

MINISTER for Industry, Trade and Investment, Dr Okechukwu Enelamah

LAGOS, (CAJ News) – MINISTER for Industry, Trade and Investment, Dr Okechukwu Enelamah, said the ratification of the Trade Facilitation Agreement (TFA) was a reflection of Nigeria’s commitment to the World Trade Organisation (WTO).
“Nigeria is a rules-based economy,” Enelamah said.
“It is evidence of President Muhammadu Buhari’s commitment to rapidly implement his presidential initiative on the creation of an enabling environment for business.”
Nigeria has ratified the TFA, making it the 107th WTO member to ratify.
Three more ratifications are needed to achieve the two-third threshold that will bring the TFA into force.
Enelamah met WTO Director-General, Roberto Azevêdo, on the margins of the World Economic Forum in Davos, Switzerland, to mark the deposit.
“Nigeria would like to see a strengthened WTO that reflects the development principles of developing countries like Nigeria and we praise the effectiveness of DG Azevêdo in this regard,” Enelamah said.
WTO projects the TFA to increase global merchandise exports by up to $1 trillion.
In addition to Nigeria, some other African countries that have ratified are Botswana, Gabon, Ghana, Ivory Coast, Kenya, Lesotho, Mali, Mozambique, Niger, Senegal, Swaziland, Togo and Zambia.
CAJ News

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