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Nigeria: Country rejects EPA
Daily Trust | 7 May 2009
Nigeria: Country Rejects EPA
Abdul-Rahman Abubakar & Turaki A. Hassan
Nigeria is not ready to sign the Economic Partnership Agreement (EPA) aimed to liberalise trade between Africa, the European Union (EU), Carribean and Pacific countries, Minister of Commerce and Indsutry Chief Achike Udenwa said yesterday.
Briefing Senate Committee on Commerce on the delay in signing the agreement, Chief Udenwa said government is being cautious due to the adverse economic impact the EPA is likely to make on the economy of the country.
The minister said any free trade agreement between Africa and EU is bound to have negative impact of the economy of the latter because "What do we export to Europe, if you look at it we can only export primary products which cannot even compete favourably.
"What will happen is that they will flood our market with manufactured products and our industries will not be able to compete with them. This will lead to creation of employment in Europe and unemployment in Africa."
Chief Udenwa said Nigeria must be cautious in signing such agreement adding that, "We are ill prepared to compete with EU in a free trade environment.
"We have to be very careful because what amount of export can we make to Europe? That is why we fear to sign the agreement."
Speaking to Daily Trust on the matter, Chairman Senate Committee on Commerce, Senator Danlami Joel Ikenya (PDP, Taraba) said the country will sign the EPA only when it will serve its economic interest.
He said, "We are going to draft the agreement according to our dictates not according to someone else’s because if we open our market we don’t have the infrastructures to compete with European countries.
"They will flood our market and render our local industries bankrupt. So we have to wait until we put necessary infrastructures in place." Senator Ikenya said Nigeria will not be rushed into signing an agreement which will end up aggravating the unemployment problem in the country saying, "Even the primary production that we boast of can be taken over by the more advanced countries."
News from the movements
25-Aug-2016 RTSome 2,000 members of the American Postal Workers Union have gathered in Miami where they are officially opposing the Trans-Pacific Partnership.
24-Aug-2016 Deutsche WelleHundreds of thousands of protesters are expected to take to the streets in several German cities to rally against plans to move forward with two key international trade agreements - one year after a similar protest managed to attract similar numbers.
23-Aug-2016 APRNNeither the TPP nor the RCEP, neither the US nor China and their corporations will ever address the long-standing people’s aspiration for an international trading system that responds to their needs.
23-Aug-2016 ScoopCivil society groups, trade unions, church groups, environmentalists, gender activists and many more are calling for Ministers to make no decision on PACER-Plus — a free trade agreement between Australia, New Zealand and the Pacific Islands — until there has been a proper social impact assessment and mandate from the Pacific people who are most likely to be affected.
22-Aug-2016 Radio New ZealandA meeting on Pacific labour mobility under the PACER Plus trade deal has a glaring omission – the voices of organised labour.
Avec de nouveaux accords commerciaux, le vol organisé par les multinationales est légalisé et les semences paysannes deviennent illégalesDe nouveaux accords de libre-échange légalisent le vol organisé par les grandes entreprises et mettent en péril la possibilité pour les agriculteurs de conserver, produire et échanger des semences.
22-Aug-2016 El PaísEl secretario de Relaciones Internacionales del Pit-Cnt, Fernando Gambera, afirmó tras participar del XVI Foro Social Mundial realizado en Montreal (Canadá) que los Tratado de Libre Comercio (TLC) son una preocupación para todas las centrales sindicales porque "apuntan a degradar las conquistas de los trabajadores".
22-Aug-2016 Premium TimesSocial 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
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