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  • ***Le ZLECAF est en marche. L'Afrique est en marche. M. Waoti Seydou Toure, le negociateur en chef du Cote d'Ivoire et un ami du Nigeria, donne un coup de pousse du ZLECAF. Ambassador Osakwe, negociateur en chef du Nigeria felicites le Cote d'ivoire pour leur contributions aux lancement du ZLECAF *** Le ZLECAF est en marche. L'Afrique est en marche. M. Waoti Seydou Toure, le negociateur en chef du Cote d'Ivoire et un ami du Nigeria, donne un coup de pousse du ZLECAF. Ambassador Osakwe, negociateur en chef du Nigeria felicites le Cote d'ivoire pour leur contributions aux lancement du ZLECAF *** The feedback in Niamey has been positive to President Buhari’s messages on the predictability and fairness of trade rules, made-in-Africa goods and services, with rules-based safeguards against dumping and injurious trade practices *** Ambassador Osakwe, Nigeria’s Chief Trade Negotiator, speaking to the media in Niamey, stated that: “President Buhari has demonstrated a remarkable leadership commitment to the due process of the rule of law for trade integration, openness to trade and investment, in a period in the global economy that has been characterized by protectionism.” *** AfCFTA: President Muhammadu BUHARI, today (7th July, 2019) Signed the AfCFTA for Nigeria at the 12th AU Extraordinary Summit in Niamey, Niger Republic. ***

Nigeria Signs Legal Agreement to Fight Dumping

The Nigerian government has entered into an agreement with leading trade law firm King and Spalding, LLP Geneva, Switzerland, to provide legal services for Nigeria’s trade remedy legislation, as a key element of modern trade policy The agreement was signed in Geneva by Chief Negotiator and Director General of the Nigerian Office for Trade Negotiations (NOTN) Ambassador Chiedu Osakwe for Nigeria and Mr. Daniel Crosby for King and Spalding King and Spalding is expected to support the drafting of Nigeria’s trade remedy law as well as prepare a legal brief on the rationale and requirements for the legislation, which will effectively stop dumping on the Nigerian market The company’s services are on a pro bono basis Osakwe noted that Nigeria has been grappling unsuccessfully with increased cases of dumping and other injurious imports in the economy. This, in his view, is undermining serious efforts of the Federal Government to support local manufacturers and service providers to competitively grow the economy through integration to global value chains, in a rules-based global economy. According to him, “Dumping in the Nigerian market is illegal and anti-development. The legal services and technical support to be provided by King and Spalding, is a major step forward to definitively stop this illegal practice and alarming increase of dumping in the Nigerian economy.” He further stated: “Nigeria commends King and Spalding for its pro bono support and very much looks forward to a technically solid partnership to establish a rules-based trade remedy infrastructure for Nigeria in 2018.” On his part, Crosby said: “Nigeria boasts one of Africa’s most ambitious and exciting economies. The Nigerian government’s commitment to economic and social development, while nurturing local businesses and industries is an important one. He concluded by stating that” “We’re extremely pleased to be able to collaborate on a pro bono basis with the Nigerian Office for Trade Negotiations (NOTN) to help establish a WTO-consistent trade remedy system that will promote free and fair trade while protecting local entrepreneurs and keeping the country competitive as it integrates further into global markets.”