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Published On: Wed, Nov 12th, 2014

Join Economic Partnership Agreement, EU delegation urges FG

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A delegation of European Union to Nigeria yesterday appealed to the Federal Government to sign the Economic Partnership Agreement to enhance the export of Nigerian products to Europe.

The delegation’s Public Affairs Officer, Mrs. Ugo Sokari-George, made the appeal while speaking with the News Agency of Nigeria (NAN), at the on-going Lagos International Trade Fair at the Tafawa Balewa Square, Lagos.

Sokari-George told NAN that signing of the agreement would be of immense benefit to the nation’s economy.

NAN reports that EPA is a free trade agreement between countries in the EU and other developing economies in Africa and Asia.

The aim is to foster mutually beneficial trade cooperation among the member countries.

According to her, developing countries that signed the EPA are enjoying various trade preferences on exports, as offered by the EU.

“Signing the EPA implies that trade restrictions will be relaxed to accommodate export goods from Nigeria.

“As a result, the increased exports will ensure the growth of the real sector and resulting in economic growth,” she said.

Sokari-George, however, noted that there was a need for Nigerian entrepreneurs to upgrade the quality of their products to meet international standards.

The fair, which started on November 7, will end on November 16.

 

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