Monday, July 26, 2021

    European Union Reports Nigeria To Okonjo-Iweala-Led WTO over Trade Restrictions

    Must read

    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    The European Union has reported Nigeria to the World Trade Organisation (WTO).

    The complaint was about Nigeria’s policy on dairy products.

    Director General of the WTO, Ngozi Okonjo-Iweala disclosed this in Abuja on Tuesday when she visited the Central Bank of Nigeria (CBN).

    She said the international trade organisation received a letter from the EU complaining about Nigeria’s restrictions on milk and dairy products.

    While noting that the WTO will look into the complaint, the former Minister of Finance urged Nigeria to take advantage of the trade remedy initiative in place at the organisation to protect local industries.

    Reacting, CBN Governor, Godwin Emefiele, said the process to bring milk and dairy producers has been on for six years with the milk and dairy producers treating the matter with levity.

    - Advertisement -spot_img

    More articles

    - Advertisement -spot_img

    Latest article

    WP to LinkedIn Auto Publish Powered By :