Nigeria Us Trade Agreements

IIA Navigator This IIAs database – the IIA Navigator – is managed by the IIA section of UNCTAD. You can browse THE IIAs that are completed by a given country or group of countries, view the recently concluded IIAs, or use advanced research for sophisticated research tailored to your needs. Please mention: UNCTAD, International Investment Agreements Navigator, available in UNCTAD`investmentpolicy.unctad.org/international-investment-agreements/ Work Programme on International Investment Agreements (UNCTAD), actively assists policy makers, government officials and other IIA stakeholders in reforming the IIA to make them more conducive to sustainable development and inclusive growth. International investment rules are established at bilateral, regional, inter-regional and multilateral levels. It requires policy makers, negotiators, civil society and other stakeholders to be well informed about foreign direct investment, international investment agreements (AI) and their effects on sustainable development. Key objectives of UNCTAD`s IIA work programme – Reform of the International Investment Agreements (IIA) regime to improve the dimension of sustainable development; A comprehensive analysis of key issues arising from the complexity of the international investment regime; Development of a wide range of instruments to support the development of a more balanced international investment policy. In April 2018, President Trump hosted Nigerian President Muhammadu Buhari at the White House to discuss efforts to deepen our mutually beneficial relationship. Since 2010, the two countries have met regularly in the framework of the Binational Commission (BNC), a high-level forum for discussion. The last NCB was held on 9 November 2017 in Abuja, Nigeria, and was visited by an inter-institutional delegation led by Deputy Foreign Minister John Sullivan. The NCB meetings focused on key areas of mutual interest, including good governance and the fight against corruption; Trade and investment Food development and security; Security and the fight against terrorism. The Cedeao Trade Liberalization Scheme (ETLS) is a trade instrument of the Economic Community of West African States (ECOWAS). The regime provides the 15 Member States with unrestricted market access and promotes economic relations within the sub-region.

The countries covered by the regime are: Nigeria, Ghana, Benin, Ivory Coast, Gambia, Guinea Bissau, Liberia, Mali, Niger, Senegal, Sierra Leone, Togo, Burkina Faso, Cape Verde. There are two important and trade-advantaged trade agreements in Nigeria: the African Growth Opportunity Act (AGOA) and the Cedeao Trade Liberalization Scheme (ETLS). Look at the details of these trade agreements and see why this makes Nigerian imports even more attractive! In 2000, Nigeria and the United States signed a Framework Agreement on Trade and Investment (TIFA). The eight TIFA Council meetings between the United States and Nigeria took place in March 2014 and Nigeria was represented by the Federal Ministry of Industry, Trade and Investment (FMITI). To view the TIFA document, click Nigeria on the following link: ustr.gov/trade-agreements/trade-investment-framework-agreements. The goal is to develop U.S. trade and investment relations with sub-Saharan Africa. The Act provides for trade preferences for the importation of certain products into the United States duty-free.

For more information on the trade agreement, visit AGOA`s official website.