Saturday, Apr 17th 2021 11:46 PM
Lagos
+29°C

Market Digest Nigeria

Economy

EU lodges complaint against Nigeria at WTO

wto

EU lodges complaint against Nigeria’s dairy policy at WTO

wto

The European Union (EU) has lodged a complaint at the World Trade Organisation (WTO) against Nigeria’s dairy policy.

This was revealed by the Director-General, WTO, Dr Ngozi Okonjo-Iweala, during her visit to the Central Bank of Nigeria (CBN) in Abuja on Tuesday.

Specifically, Okonjo-Iweala said the EU complained about Nigeria’s restrictions on milk and dairy products.

She said the WTO would investigate the complaint, however, she urged Nigerians to use WTO’s trade remedy initiative to protect local industries.

In his remarks, CBN Governor, Godwin Emefiele, said the process of bringing milk and dairy producers together has been ongoing for six years, noting that milk and dairy producers were not maximising the opportunity.

He alleged that one of the dairy producers has been in the country for over 60 years and does not believe that it was appropriate to participate in backward integration, and preferred to import.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
SUBSCRIBE NOW!
Get the best of Market Digest Nigeria financial news
delivered to your inbox daily!
By clicking Give it a try, I hereby: Agree and Consent to the Terms of Use and the Privacy Policy
& I may receive free newsletters & promotions from this site and can choose to unsubscribe anytime.