With COVID-19 affecting supply chains and disrupting trade and global investment flows, the 3rd ministerial meeting of the United Kingdom-Nigeria Economic Development Forum (EDF) has underscored the priority of both governments to keeping the flow of bilateral trade going and maintain existing investments throughout the crisis as much as possible.
Attended, via video conference Tuesday last week, by Minister of Industry, Trade and Investment, Adeniyi Adebayo, and the UK's Minister for International Trade, Rt. Ranil Jayawardena, the meeting highlighted critical barriers requiring prioritised action that could boost trade between the two countries. Part of the trade-related priorities singled out for further discussion was the importance of maintaining the freedom of movement of goods and simplifying and automating import/export procedures in line with World Trade Organisation’s commitments to ease cross border trade and increase trade revenues- also boosting Nigeria’s ability to take full advantage of the Africa Continental Free Trade…
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News Archive from before July 2018