What Are The Trade Agreements Between Us And Nigeria

In April 2018, President Trump received Nigerian President Muhammadu Buhari at the White House to discuss efforts to deepen our mutually beneficial relationship. Since 2010, the two countries have met regularly in the framework of the US-Nigeria BINational Commission (BNC), a high-level discussion forum. The last BNC took place on 9 November 2017 in Abuja, Nigeria, in the presence of an inter-institutional delegation led by Deputy Foreign Minister John Sullivan. The BNC meetings focused on key areas of mutual interest, including good governance and the fight against corruption; trade and investment; development and food security; and security and counter-terrorism efforts. The United States established diplomatic relations with Nigeria in 1960 after Nigeria`s independence from the United Kingdom. From 1966 to 1999, Nigeria experienced a series of military coups that excluded the short-lived second republic between 1979 and 1983. The 30-month civil war, which ended in January 1970, claimed 1 to 3 million lives. After the inauguration of a civilian president in 1999, relations between the United States and Nigeria began to improve, as did cooperation on foreign policy objectives such as regional peacekeeping. U.S. efforts to eradicate malaria will focus on selling insecticide-treated nets and treatment kits, and providing intermittent therapies and preventive treatments for pregnant women.

To reduce tb deaths and disabilities, particularly in the vulnerable population co-infected with HIV/AIDS, U.S. Assistance will strengthen the Nigerian health care system and referral systems between tuberculosis and AIDS diagnosis and treatment programmes. In addition, the U.S. government is focused on expanding access to high-quality family planning services and reproductive health care, and is working to increase the contraceptive prevalence rate to 14 percent. The goal is to expand U.S. trade and investment relations with sub-Saharan Africa. The Act provides for trade preferences for quota-free and duty-free imports into the United States for certain products. There are two important and beneficial trade agreements regarding trade in Nigeria: the African Growth Opportunities Act (AGOA) and the ECOWAS Trade Liberalization Programme (ETLS). Check out the details of these trade deals and see why it makes importing from Nigeria even more interesting! Economic Growth: The United States is working with the Central Bank of Nigeria, the Ministry of Finance, the National Planning Commission, and others to improve the environment for investment in agriculture through policy reforms at the national and state levels. Microinvestment is hampered by lack of access to market-based financial services and the absence of policies that liberalize credit institutions and promote transparent austerity plans in the private and public sectors.

Strengthening federal and state policy is essential because business decisions and banking regulation take place at both levels. U.S. programs help create a policy climate in which micro, small and medium-sized enterprises have access to credit, encourage investment, stimulate job growth, and build the capacity of the public and private sectors. Trade initiatives include capacity building in customs regulations and operations, policy reform to promote domestic and foreign trade, the use of AGOA incentives for bilateral trade, and the development of private sector capacity to meet international trade and export standards. More details about the trade deal can be found on agoa`s official website. Describes the bilateral and multilateral trade agreements in which this country participates, including with the United States. .

Sobre el Autor: Luis