Fidelity bank banner UBA banner
Nigeria, USA sign Commercial Investment Dialogue

By News Express on 21/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 759

•Industry, Trade and Investment Minister, Dr. Okechukwu Enelamah
•Industry, Trade and Investment Minister, Dr. Okechukwu Enelamah

Nigeria and the United States of America (USA) have signed a Memorandum of Understanding (MOU) on an investment instrument titled US-Nigeria Commercial Investment Dialogue (CID).

The two countries signed the MOU at the Federal Ministry of Industry, Trade and Investment in Abuja, today.

Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah, signed on behalf of Nigeria while US Secretary of Commerce Mr. Wilbur Ross, signed on behalf the USA

The CID is designed to deepen commercial and investment ties between both countries

It allows for exchange of information between the two business communities and the governments on key commercial and investment matters of importance to improving the business climate, fostering greater economic growth, modernisation and job creation.

With the agreement signed, the two countries commit to strengthening their commercial and investment relationship by leveraging private sector participation; targeting the elimination of trade barriers and other obstacles to commercial and investment relationships; modernization, and integration into the global economy through value supply chains; and cooperation for mutual benefit among others

In his statement, Enelamah said: “We’re delighted this has come to fruition, following dialogue that commenced with the previous administration of President Barack Obama to the current government of President Donald Trump. This continues to demonstrate our commitment as a government to leverage partnerships for economic growth and development.”

In his response, Mr. Ross stated: “The CID, the newest instrument of U.S. engagement with Nigeria, is different in that it leverages the voice of the private sector in the effort to enhance the bilateral commercial and investment relationship.  I am encouraged that the CID will be an effective tool to partnering with the private sector to deepen our bilateral trade and investment relationship.”

The CID will be co-chaired at the Ministerial level by the Minister of Industry, Trade, and Investment and the U.S. Secretary of Commerce (or their designees)

Initial focus areas are infrastructure, agriculture, digital economy, investment and regulatory reform.

Source News Express

Posted 21/11/2017 8:55:15 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
I didn’t reject chieftaincy title from Olubadan of...

Pirates kidnap 10 sailors in Niger Delta

Azubuike not properly impeached; he remains Abia Speaker:...

Breaking News: Ecobank Group names Ade Ayeyemi as...

BREAKING: Rivers endorses Prince Uche Secondus as PDP’s...

Ohanaeze demands regional govt., 6-year single term presidency,...

Succour for Akwa Ibom communities as Senator Akpabio...

Next Senate President must emerge through due process...

Why the call to drop penalty misser, Nwakali,...

South-East, South-South Muslims storm Akwa Ibom

Reps give Niger Delta Ministry 48 hours to...

NNPC to be listed on the Stock Exchange...

 

Latest News NDLEA operatives kill trader inside Kano market 2019: Igbos in the north will vote for Atiku — Group Ekiti’s economy heading for emergency — Fayemi Daughter drags father to court for refusing her marriage Bayelsa Government posts N4bn as balance of funds for Sept. 2018, declares N1bn IGR EFCC gets new head of operations Woman bags 9 years jail term for human trafficking Reps demand urgent negotiation with Boko Haram for release of captives Senate invites IG over alleged threat to Melaye’s life Reps shun debate, approve Buhari’s virement of N831bn for elections Strike: ASUP gives FG 21 days ultimatum Vincent Kompany’s father makes history, becomes Belgium’s first black mayor

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (406,756 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,344 views) Shameless Genevieve Nnaji exposes breasts in public (314,694 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (256,864 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,363 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,266 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,045 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,524 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,080 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,857 views) Lagos plane crash: Journalist releases victims’ names (161,464 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,253 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,682) Business Verdict (52) Columnists (945) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,533) Interview (165) Live Commentary (28) Love Matters (145) News (39,654) Opinion (1,123) Pidgin (13) Politics (7,243) Religion (880) Sports (1,731) Stock Watch (35) AMA & Al Jazeera Global Update

 

Zenith Zero Balance

NLNG Expression of Interest banner

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Fulham vs Arsenal 1-5 All Goals & Extended Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement