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  • ***NOTN delegation participates in the G20 Trade and Investment Working Group (TIWG) meeting where delegates, discussed current issues in international trade including digital trade, with a view to developing a consensus draft Ministerial Statement on Trade and Investment for the G20 Ministers of Trade and Digital Economy meeting scheduled to hold in June 2019 *** NOTN delegation also participated in the T20-G20 roundtable and gained further research-based insights from the T20 policy briefs and recommendations on digital trade, WTO reforms as well as trade and investment for sustainable and inclusive growth *** NOTN circulates approved draft market access schedule of concession on trade in goods as a basis for the ECOWAS draft schedule for AfCFTA *** NOTN initiates process of consultative engagement with stakeholders on AfCFTA Phase II negotiations on Intellectual Property Rights (IPRs). Stakeholders commenced with identification of negotiating priorities *** Stakeholders agree that the safeguard of the IP of Right Holders remains critical to Nigeria’s economic growth, export of Nigeria’s soft power, modernization of the economy and job creation. ***

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.”