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EU clamps down on Nigerian cocoa
Following the decision of Nigeria not to endorse the Economic Partnership Agreements (EPAs) with the European Union, cocoa processing firms in that country have been facing stiff export hurdles, resulting in multi-million dollar losses since the beginning of January.
Nigeria: CSOs seek to halt EU-ACP Economic Partnership Agreement
A coalition of civil society organisations in Nigeria have called on the Federal Government and other members of the West Africa region to refrain from agreeing with the European Commission on the Economic Partnership Agreements in their current state
EU trade chief fears ’plot’ to block deal
Africa’s largest nations are trying to block the signing of the economic partnership agreements with the European Union, Peter Mandelson, EU trade commissioner has claimed.
EPA - Reasons why Nigeria is a sitting ’elephant’
The European Union Commissioner for Trade, Mr. Peter Mandelson was quoted recently as saying that Nigeria is "sitting like an elephant in the middle of the road."
‘Ghana may lose $150m to EPA’
Nigeria could also lose $680 million annually if the agreements were implemented, according to the Manufacturers Association of Nigeria
India, West Africa to tighten bilateral ties
India decided on October 16 to extend a line of credit of 250 million USD and 100 million USD worth of agricultural and industrial supplying for the Economic Community of West African States (ECOWAS). It also agreed to sign within the next six months a bilateral investment promotion and protection treaty with Nigeria.
Private sector urges restraint in signing EPA agreement
Nigerian captains of commerce and industry have warned that the proposed trade agreements are not in the best interest of the growth of industry in the country.
MANEG lists problems of export in ECOWAS sub-region
Manufacturers Association of Nigeria Export Group (MANEG), an arm of the Manufacturers Association of Nigeria (MAN) has listed the impediments to pro-export growth in the Economic Community of West African States (ECOWAS) sub-region.
EPA threatens N6.2b non-oil exports revenue, local industries - MAN
Manufacturers Association of Nigeria has warned that harmonisation of tariffs under the proposed ECOWAS-EU Economic Partnership Agreement will lead to loss of over 478 million dollars (about N6.2 billion) in revenue from non-oil exports annually, and closure of some industries in the country.
Nigeria: FG urged to spearhead Ecowas negotiations
The Federal Government has been called upon to take the lead in driving the Economic Community of West African States-Economic Partnership Agreement (ECOWAS-EPA) negotiations in order to guide the developing region towards effective regional integration and improved trade practices.
Nigeria: Between trade agreements and poverty impact
EU Trade Commissioner Peter Mandelson admitted that if the EPA negotiation does not finish this year, there are options available which he termed as expensive and not so good.
Africa: Arbitration nation
A number of African governments have made efforts to encourage investment in the continent by entering into bilateral investment treaties and adopting arbitration legislation.
EPAs negotiations: Civil society calls for caution
Civil society organisations have called for caution as Nigeria, the Economic Community of West African States(ECOWAS) and other African, Caribbean and Pacific(ACP) countries begin the second phase of negotiations with the European Union on the proposed Economic Partnership Agreement(EPAs).
With free trade zones, what’s the fate of communities?
As Chinese companies prepare to invest in Lekki Trade Free Zone, about 300,000 dwellers of 26 Lagos suburbs, who are primarily farmers and fishermen, are faced with displacement from their fatherland.
EPA as impediment to Nigeria’s devt strategy
Below is an x-ray and analysis of how the EU-ACP EPA is capable of throwing to oblivion the development dimensions and objectives of Nigeria’s National Economic and Development Strategy.
RI envisions free trade among D-8 member countries
After breaking the ice by launching the preferential trade agreement among Developing Eight (D-8) countries, Indonesian Trade Minister Mari E. Pangestu envisions that the agreement would lead to a free trade arrangement for member countries in less than 15 years.
Nigeria, Brazil sign bilateral agreements
The relationship between Nigeria and Brazil yesterday took a major leap with the signing of bilateral agreements by Presidents Olusegun Obasanjo and liiz Inacio Da Silva.
D-8 sets target for final draft of PTA
D-8 region consisting of eight Muslim countries — Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey — has set the end of 2005 as the target for the finalisation of the last draft of the Preferential Trade Agreement (PTA).
Nigerian traders mobilise for 5m signatures against EPA
National Association of Nigerian Traders has joined forces in the moved to secure about 5 million stakeholder signatures against the endorsement of the Economic Partnership Agreement (EPA) between European countries and the Africa Caribbean and Pacific (ACP) Countries.
NLC, others want economic partnership date shifted
Nigeria Labour Congress (NLC) and the civil society have called for a shift in the commencement date of Economic Partnership Agreement (EPA), from January 2008 to a more appropriate and realistic date. They said this became necessary in view of the apparent unpreparedness of Economic Community of the West African State (ECOWAS), little or lack of public awareness on EPA process and the little involvement of non-state actors.