EU urges Nigeria to sign Economic Partnership Agreement

FROM the European Union (EU) has come a piece of advice that the Nigerian government appends its signature to the Economic Partnership Agreement (EPA), claiming that the pact holds a lot of benefits for the country. The economic agreements between the EU and African, Caribbean and Pacific (ACP) groups of countries are said to be aimed at promoting trade between the two groupings, and that through trade development, the pacts will lead to sustainable growth and poverty reduction. Nigeria had refused to sign the agreement, insisted that it would only do so on condition that the EU sets up a fund that will take care of the cost of adjustment which is expected to arise as a result of the expected loss of revenue during the implementation of the EPA.


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