The British Government recently, published its Trade and Investment White Paper, an ambitious strategy aimed at nurturing International Trade and Investment relationships, which are billed to strengthen and enable developing Countries, build their own paths to growth.

The paper which demonstrates that Trade and Investment are critical for the UK to achieve strong, sustainable and balanced growth in the future makes case for open markets while highlighting the dangers of protectionism.

Still supporting Trade and regional integration in Africa, with the hope of providing greater market access for the poorest, by way of negotiating Trade agreements that will drive growth, jobs and create wealth around the world, UK secretary of State for Business Vince Cable noted that the UK is linked to Nigeria through ties of business, friendship, and a wealth of common interest, which in turn, offer huge potentials for growth in Trade and Investment between the two Countries, the reason, some UK multinational Companies maintained significant interest in Nigeria.

“We will do all we can to support Africa leaders to implement their plans outlined in the 1991 Abuja treaty – to develop Free Trade Areas in each regional economic Community (REC), as building blocks for a Continent-wide Customs Union and ultimately, an African Economic Community. We will support Africa faster and easier, and encourage Africa entrepreneurs to grow their businesses by opening up access to new market. We are confident this is a challenge which the UK, side by side with the key International partners, including Nigeria, will be able to meet”.

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