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Nigeria, UK seeks to expand bilateral trade

The Nigerian heritage UK born UK Minister for Trade and Business Kemi Badenoch has been in Nigeria to expand opportunities for growth in trade and investment between Nigeria and the UK. A key plank of the visit was the signing of the enhanced trade and investment partnership (ETIP) with Doris Nkiruka Uzoka-Anite signing on behalf of Nigeria. This is the first signed with any African country. Nigeria also trades with the UK under the country’s developing countries trading scheme (DCTS) which puts in place simpler and more generous terms for Nigeria and 36 other countries to export to the UK, with tariff reductions on about 3,000 products. The UK has been in extensive and aggressive new trade terms since leaving the European Union and the single trade bloc.

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