Trade Agreement Between Ghana And Nigeria

Albert Muchanga, Commissioner for Trade and Industry, told Africa Renewal that the African Free Trade Agreement will not be a traditional trade agreement focused on tariff reduction. Instead, the Kigali agreement aims to liberalize the services sector. MAN President Frank Jacobs told Nigerian media that the country`s private sector had not been consulted on afCFTA and warned that the deal could kill Nigerian industry and fuel unemployment. He said the government needed to explain its plan to protect 10% of the products and enforce the rules of origin provision. Forty-four African countries have recently signed a Framework Protocol for the Continental Free Trade Area (AfCFTA) that brings the continent closer to becoming one of the largest free trade zones in the world. Many Nigerians moved to Ghana after Ghana became the first independent country in the region in 1957. In the late 1970s, many Ghanaians also moved to Nigeria as economic migrants. The relationship became angry for several reasons. Thus, under the order of compliance of the former Ghanaian President Busia, Nigerians were forced to leave Ghana because they represented a considerable percentage of Ghana`s large undocumented population. The official reason for the deportation was the non-compliance with national immigration legislation.

In 1983, Nigeria returned the favour and deported up to 1 million Ghanaian and other African immigrants, while Ghana faced severe drought and economic problems. This has further weighed on relations between the two countries. [2] A joint commission for cooperation relations between Ghana and Nigeria was set up in April 1988. A bloodless coup in August 1985 brought Major General Ibrahim Babangida to power in Nigeria, and Rawlings, then Ghana`s leader, took advantage of the change of government to make an official visit. The two heads of state and government discussed a wide range of issues focused on peace and prosperity in West Africa, bilateral trade and democratic transition in both countries. In early January 1989, Babangida responded with an official visit to Ghana, which the PNDC hailed as a turning point in Ghana-Nigeria relations. [2] Between 2012 and 2014, more than 75% of the continent`s exports were extracted from extracts; Yet, during the same period, less than 40% of intra-African trade, according to the African Union (AU), were extracts from de-demerit, underscores the need to boost trade within the continent. However, given the complexity of trade relations already developing in West Africa, many of the problems afCFTA is expected to face on the continent are already being highlighted. Intra-African trade is currently only 16%, compared to 19% in Latin America, 51% in Asia, 54% in North America and 70% in Europe. Looking at the trade relations between Nigeria and Ghana – the two giants of West Africa`s economy – in recent years, it is clear that trade relations are strained, and the actions and reactions of both sides divert them even further from cooperation.

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