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Tag: agreement

Nigeria Ratifies WTO Trade Facilitation Agreement

WTO Trade Facilitation Agreement

Nigeria has made the list of World Trade Organization (WTO) members to approve the Trade Facilitation Agreement (TFA), which is expected to reduce trade costs by over 14% for low-income countries and more than 13% for upper middle-income countries by restructuring the flow of trade across borders.

The TFA contains a series of measures for expediting the movement, release and clearance of goods, including goods in transit across borders.

Besides Nigeria, other African countries that have approved the TFA are; Botswana, Niger, Togo, Côte d’Ivoire, Kenya, Zambia, Lesotho, Mali, Senegal, Swaziland, Gabon, Ghana and Mozambique.

Author Toju OgbePosted on January 21, 2017Categories Diplomatic ChannelTags agreement, trade, WTOLeave a comment on Nigeria Ratifies WTO Trade Facilitation Agreement

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