Nigeria ’ll continue talks on ECOWAS-EU free trade
Vice President Yemi Osinbajo says Nigeria would continue consultations within the country regarding its stance on the Economic Partnership Agreement, (EPA) between ECOWAS and the European Union, (EU)
According to him “there are ongoing negotiations on it. We are discussing with the Manufacturing Association of Nigeria (MAN) and some other key economic players about it.”
A statement by the Senior Special Assistant to the Vice President, Media and Publicity, quoted Osinbajo who stood in for President Muhammadu Buhari at the 48th Ordinary Session of the ECOWAS Heads of States and Governments,as noting: : “We understand some of the terms of this agreement are capable of restricting their-manufacurers-trading activities and we would not want this to happen.
He noted that Nigeria is yet to fully endorse the agreement because of these concerns, stating that for now the federal government would continue to engage in wide consultations with relevant stakeholders before coming to a conclusion on the Economic Partnership Agreement.
While a number of West African nations have endorsed the deal, a few including Nigeria have raised issues regarding the implications of the deal, being championed by the European Union.
The EPA is a free trade deal that had been initiated by EU and ECOWAS negotiators covering trade in goods and development cooperation. Meanwhile, President. Ellen Sirleaf Johnson has emerged the Chairperson of the Economic Community of West African States, (ECOWAS) Authority of Heads of States and Governments. She is taking over from her Senegalese counterpart Mr. Macky Sall.Her election climaxed the 48th Ordinary Session which took place in Dakar, Senegal at the weekend. .