Nigeria and the United States of America have concluded plans to deepen trade relations after high-level talks aimed at discussing the economy and investment opportunities in both nations.
The agreement was reached when the Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, met with a high-level US delegation in Abuja yesterday.
The talks, led by US Assistant Secretary of Commerce for Global Markets, Arun Venkataraman, centered on enhancing bilateral trade and investment relations between the two nations.
These included the Trade and Investment Framework Agreement (TIFA), the Africa Growth and Opportunity Act (AGOA), the Bi-National Commission (BNC), and the Commercial Investment Dialogue (CID).
Uzoka-Anite spoke on Nigeria’s economic potentials, saying, “The current administration’s drive for N1trillion economy is focused on investments in critical sectors of economy to drive growth.”
Venkataraman noted the importance of translating the potential of US-Nigeria economic cooperation into concrete actions, noting, “The need to address trade disparities and foster innovation as well as promote non-oil exports under AGOA.”
