UK, NIGERIA TO SIGN ENHANCED TRADE PARTNERSHIP

Governments of Nigeria and the United Kingdom will, on Tuesday, sign the Enhanced Trade Investment Partnership (ETIP) Agreement to not just boost its trade volume but also reduce market access and regulatory barriers discouraging people from investing in either of both nations.

The ETIP, which is just a step below the Free Trade Agreement between both nations, is the first-of-its-kind partnership between the two nations.

The agreement would be signed by Nigerian Minister for Trade and Investment, Dr. Doris Uzoka-Anite and UK Minister for Business and Trade, Kemi Badenoch, as part of the latter’s maiden visit to Nigeria since assumption of office in the UK parliament.

At a reception for Badenoch last night at Eko Atlantic City, Lagos by Uzoka-Anite, Badenoch said the UK government was determined to help Nigeria reduce her trade deficit by increasing exportation.

On the ETIP agreement that would be signed on Tuesday, she clarified that it was just a step below the Free Trade Agreement but with the overarching objective to boost trade for both nations.