- Home
- Business
- News
- Nigerian Committee Examining Continental Free Trade Deal Issues Final Report - Minister Geoffrey Ony ..
Nigerian Committee Examining Continental Free Trade Deal Issues Final Report - Minister Geoffrey Onyeama
Mohammad Ali (@ChaudhryMAli88) Published February 11, 2019 | 07:01 PM
The Nigerian special committee, set up to examine the consequences of the country's joining the African Continental Free Trade Area (CFTA), has just submitted its final report to the authorities, Nigerian Foreign Minister Geoffrey Onyeama told Sputnik on Monday, adding that if the committee's report was favorable, Nigeria would ratify the deal "very soon."
In spring 2018, the Nigerian authorities established a special committee tasked with reviewing the CFTA agreement and reporting back on it to the government.
"Yes, our president has set up a committee that has just submitted its report and we have not seen the recommendation, but if it's positive [and that it recommends] we should accede then it is likely that we should do so very soon," Onyeama said.
The Nigerian minister recalled that the agreement required ratification by 23 countries before entering into force, adding that 21 states have ratified it so far.
"We would like to accede [the CFTA] before the act comes into force, and it's almost there," Onyema specified.
The CFTA was signed in late March 2018 at a summit in the Rwandan city of Kigali. The accord seeks to progressively eliminate tariffs on intra-African trade and to remove other trade barriers.
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
36 minutes ago -
Pak-US officials engage to enhance trade, investment ties
2 hours ago -
Stocks fall as tech shares sink, US economy slows
2 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
3 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
3 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
3 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
3 hours ago -
Zhao Shirin calls on Punjab Industries Minister
4 hours ago -
CEO APM Terminals calls on Finance Minister
4 hours ago -
SACM visits GTVC checks attendance register
4 hours ago -
CEO APM Terminals meets Commerce Minister
4 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
5 hours ago