Nigeria has ratified the Trade Facilitation Agreement (TFA), making it the 107th WTO member to do so.
This leaves only three more ratifications from members are needed to bring the TFA into force.
Nigeria’s instrument of acceptance was submitted to the WTO this week.
Nigeria’s Minister for Industry, Trade and Investment Okechukwu Enelamah met with Director-General Roberto Azevêdo in Davos to mark the handover of the document.
“Nigeria’s ratification of the Trade Facilitation Agreement is a reflection of our commitment to the WTO and a rules-based economy.
It is evidence of President Muhammadu Buhari’s commitment to rapidly implement his presidential initiative on the creation of an enabling environment for business,” Mr. Enelamah said.
“Nigeria would like to see a strengthened WTO that reflects the development principles of developing countries like Nigeria and we praise the effectiveness of DG Azevêdo in this regard,” Mr. Enelamah said.
Source: WTO.ORG