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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. ....
Weapon yielded a result. what about canada? they haven t been involved in negotiations for more than a month. it seems like a fairly big hurdle. yeah. as i said, if. and that s what i think is important to look for. a lot of disagreements are left with the canadians. there s a five year sunset. it s not going to pass the congress. i think it will matter. i want to pause you. explain the sticking points and what you mean by the five-year sunset. there have been a series of so-called poison pills involved in the negotiations. one is that any agreement reached would go away after five years. well, that s essentially the same as not having an agreement with you re a businessman trying to make an investment in something that s going to last 20 years. the business community thinks that s not acceptable. the congress i think would side with them. that s not a deal if it s in there. there are also some dispute settlement provisions. ....