Trade Agreements Between Nigeria And Other Countries

01/03/2001 – Economic integration in West Africa is an important political objective for all states in the region and has the support of all major economic actors. Nigeria`s weight, which accounts for 50% of the regional economy, as well as the many restrictions on formal trade, including language barriers, raise as much hope as the economic actors of neighbouring countries about their future relations with this powerful neighbour. The prospects for trade between Nigeria and its neighbours is a new study carried out by the Laboratory for Regional Analysis and Social Expertise (LARES) in Cotonou (Benin) on behalf of the Sahel Club1. This study, presented as a series of concise and well-documented “fact sheets,” will be of interest to public service experts and business leaders who believe that regional business development is a necessary response to globalization. —————– “Prospects for Trade between Nigeria and its Neighbours” 42 pages, OECD, Paris 2001 Electronic available (PDF) FF131.19; 19 DM39,12 ISBN 92-64-18633-6 (44 01 01 1) Finally, it assesses the prospects for regional trade in the context of further liberalization and new measures for regional integration, including the introduction of a common external tariff in WAEMU countries. The Cedeao Trade Liberalization Scheme (ETLS) is a trade instrument of the Economic Community of West African States (ECOWAS). The regime provides the 15 Member States with unrestricted market access and promotes economic relations within the sub-region. The countries covered by the regime are: Nigeria, Ghana, Benin, Ivory Coast, Gambia, Guinea Bissau, Liberia, Mali, Niger, Senegal, Sierra Leone, Togo, Burkina Faso, Cape Verde. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S.

companies to get more information about how they can use these agreements. For more information on the trade agreement, visit AGOA`s official website. In 2000, Nigeria and the United States signed a Framework Agreement on Trade and Investment (TIFA). The eight TIFA Council meetings between the United States and Nigeria took place in March 2014 and Nigeria was represented by the Federal Ministry of Industry, Trade and Investment (FMITI). To view the TIFA document, click Nigeria on the following link: ustr.gov/trade-agreements/trade-investment-framework-agreements. Open market access facilitates the purchase of Nigerian products in the United States at competitive prices. It also promotes economic integration between the two countries, strengthens trade relations and thus continuously improves the facilitation of activity in Nigeria. Prospects for Trade between Nigeria and its Neighbours served as the basis for a workshop organized by the Sahel Club and the West African Enterprise Network for English and French entrepreneurs in Cotonou, Benin, in December 2000. The results of this meeting are available on request from the Sahel Club, 94 rue Chardon-Lagache, 75016 Paris (Tel: 33 1 45 24 78 87 or sahel.contact@oecd.org). ____________________ 1.

The Sahel Club is a forum for informal exchanges and brainstorming between partners from the North and the South, both public and private.

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