Nigeria’s trade policy is being reviewed by the Federal Government to ensure it meets the World Trade Organization (WTO) template on trade, Trade Adviser to the Minister of Industry, Trade and Investment, Ambassador Chiedu Osakwe has said.
He said the policy was last reviewed in June 2002. Though Nigeria has been involved in bilateral trade with different nations, it still does not have a detailed and recent trade policy to back up its trading, he explained.
He said: “The government is working on reviewing the trade policy for so many reasons. Nigeria and the WTO are working together on the trade policy review. “I am leading this process technically for the ministry.
The update of the trade policy is in line with the working of the global economy and the change that comes with it. The Economic Community of West African States (ECOWAS) Centre for Employment Training (CET) will come to force in 2020.