日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Africa

Nigeria sees trade pact as means to bolster leadership in Africa

China Daily Global | Updated: 2020-11-13 10:07
Share
Share - WeChat
Workers carry stacked consumer goods at a Trade Depot warehouse in Lagos, Nigeria August 20, 2020. Picture taken August 20, 2020. [Photo/Agencies]

ABUJA, Nigeria-The Nigerian government has described the ratification of its membership of the African Continental Free Trade Area Agreement, or AfCFTA, as a step forward for the country to prove its economic leadership in the continent.

"This is a huge step forward for the nation, and to further demonstrate to the world, Nigeria's economic leadership position on the African continent," said Adeniyi Adebayo, the minister of industry, trade, and investment, in a statement on Thursday.

The Nigerian government ratified its membership of the AfCFTA on Wednesday, beating the Dec 5 deadline set for all countries to make valid their membership of the intra-Africa trade deal.

Nigerian President Muhammadu Buhari personally supervised the ratification process during the weekly Federal Executive Council meeting.

The trade agreement aims to create a single continental market for goods and services, with free movement of business persons and investments within the African region.

Adebayo confirmed that the instrument of ratification is already being prepared by the government, through the Attorney-General of the Federation and Minister of Justice.

"The instrument of ratification would be prepared for President Buhari's assent for onward transmission to the African Union, the legal depository of all instruments of ratification," he said.

On July 7 last year, Nigeria signed the AfCFTA agreement in Niamey, Niger, during the 12th extraordinary session of the Assembly of the African Union.

The operational phase of the AfCFTA was launched on the same day.

Delayed start

The effective date for the agreement to come into force ought to have been July this year, however, it was postponed to Jan 1 as a result of the COVID-19 pandemic.

All member states were given up to Dec 5 to ratify the agreement.

"Nigeria joins other African nations who have already ratified the agreement to become a State Party to the agreement. ... Nigeria is on course to participate in trading under the AfCFTA region," Adebayo said.

In September, the Nigerian Investment Promotion Council, or NIPC, said the country is more ready for the AfCFTA due to Nigeria's domestic market manufacturing value addition capacity which it claimed is seven times the average of the top 20 economies in Africa and other.

"Nigeria's large domestic market makes Nigeria an ideal gateway economy," said Yewande Sadiku, head of the NIPC.

Economists believe AfCFTA is an opportunity to plot, organize, strategize, and mobilize African economies for growth that has suffered a major blow due to the COVID-19 pandemic.

"Effectively, we hope that by Jan 1, the agreement will come into force," Lai Mohammed, the Nigerian minister for information and culture, told reporters in Abuja on Wednesday.

Xinhua

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美日韩亚洲精品国产色 | 国产91小视频在线观看 | 91麻豆精品久久久久蜜臀 | 国产91在线观看 | 污污的网站在线观看 | www.99热这里只有精品 | 国产精品亚洲一区 | 中国欧美日韩一区二区三区 | 久久精品国产一区二区 | 久久精品99| 日韩中文一区二区三区 | 久久无码人妻中文国产 | 日韩视频在线精品视频免费观看 | 在线高清免费观看视频 | 国产福利不卡一区二区三区 | 午夜在线亚洲男人午在线 | 成人午夜视频在线播放 | 亚洲精品久久久久中文字幕欢迎你 | 国产品久久 | 国产成人精品高清免费 | 91视频精选 | 一级片成人 | 成人欧美视频在线观看 | 粉色视频高清大全免费观看1 | 精品一区二区三区四区五区 | 成人午夜动漫在线观看 | www.欧美com | 成人嫩草影院免费观看 | 日韩理论在线 | 好吊在线| 韩国三级中文字幕hd久久精品 | 久久综合一区二区三区 | 九九久久看少妇高潮A片特黄 | 蜜桃官网| 成人在线播放 | 91色综合 | 深夜爽爽爽gif福利免费 | 一区二区三区免费在线观看 | 久久草在线视频观看 | 日韩在线观看网站 | 国产欧美日韩在线不卡第一页 |