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Friday, 18 March 2016

Don’t endorse ECOWAS-EU EPA, MAN tells FG

The Manufacturers Association of Nigeria (MAN) has admonished the federal government to withhold its endorsement of the ECOWAS-EU Economic Partnership Agreement (EPA) as presently configured because both parties are not at par developmentally. It also argued that succumbing to the European Union’s (EU’s) pressure for its endorsement would amount to economic slavery and doom for the country’s industrialisation efforts. The MAN President, Frank Udemba Jacobs, made this appeal on Tuesday during a courtesy visit by the Association to the Ministry of Budget and National Planning. “The position of MAN on the ECOWAS-EU Economic Partnership Agreement (EPA) IS that Nigeria should not endorse the Trade Agreement in its present form as both parties are not at par developmentally. Succumbing to EU’S pressure for its endorsement would amount to economic slavery and doom for the country’s industrialisation efforts because the modest achievements recorded so far would be wiped away. “We request your support on this issue. Nigeria’s position should be given top- most consideration on entering in to any International Trade Agreement,’’ he added, a statement issued by the Director, Information, in the ministry, Mr. Charles Dafe, said.

Source: Bilaterals.org

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