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Schedule for trial between Pfizer and Romania over COVID-19 vaccines announced
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Retrospective Tax Regime Overturned, Foreign Investors Heave a Sigh Of Relief
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AfCFTA: NANTS decries absence of national trade policy as agreement takes-off
On
By Victoria Ojeme
The National Association of Nigerian Traders (NANTS) has called for an urgent drafting of a Nigerian national trade policy document to harmonised all trade relations with neighboring and third-party countries.
This is coming as the African Continental Free Trade Area (AfCFTA) goes into force on January 1, 2021. Following years of preparation, and a pandemic postponement from its original start date in mid-2019, the world will welcome the largest free trade area since the development of the World Trade Organization, by number of participating countries.
The NANTS President, Dr Ken Ukaoha, in a statement on Nigeria’s “negotiations scorecard and agenda-setting for 2021” said the prolonged absence of trade and Investment related policies despite the long cry on the subjects has not helped in Nigeria’s positioning and the provision of negotiation compass.
a precedent for future investment disputes between members. with its judgement. europe s top court appeared to be asserting its sovereignty and power to legislate . and the european commission is adapting its model for investment protection and future trade deals with plans to set up a public international and permanent court that could replace private arbitration tribunals. let s not delude ourselves multinationals won t give up the power offered by investment up or tradition they can rely on the world s best attorneys to defend them in the name of free trade agreements signed by countries in the past.