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Nigeria's council approves trade negotiation office

Xinhua, May 10, 2017 Adjust font size:

Nigeria's Federal Executive Council (FEC) on Wednesday approved the establishment of a national office for trade negotiations.

Minister of Industry, Trade and Investments, Okechukwu Enelamah, disclosed this to reporters at the end of the FEC meeting, presided over by Acting President Yemi Osinbajo.

The office would coordinate trade negotiations by ministries, departments and agencies which were not properly done in the past, he added, noting that the office will be headed by a Chief Trade Negotiator of Ambassador rank that would then work with both the Economic Management Team and the cabinet.

The minister said the office would assist in the coordination of the various trade discussions and negotiations.

He added that it would also be a proactive strategy for engaging discussions at the continental level of free trade area agreements and negotiations as well as guide in other trade agreements with strategic partners across the globe.

Enelamah said the administration wanted to have trade remedies against dumping of substandard goods as well as other issues in line with global practices. Endit