Chiedu Osakwe, the Trade Advisor to the Minister of Industry, Trade and Investment and Chief Trade Negotiator for Nigeria, told newsmen on Wednesday in Abuja.
Osakwe said the review of the trade policy would be done in such a way that it would discourage dumping and promote the diversification efforts of the government.
“So, we will be working on our domestic trade laws that will safeguard the economy, prevent dumping and enlarge the Nigerian market.”
He also said that the Federal Government would not be stampeded into signing and ratifying the Economic Partnership Agreement between the European Union and the Economic Community of West African States region
Osakwe explained that while Cote d’Ivoire and Ghana had signed to the agreement, Nigeria was not in a hurry to do same as the agreement in its current form would not support the diversification efforts of the Federal Government.
He said the review of the trade policy would enable the government to expand market opportunities for Nigerian companies as well as look into the ECOWAS Common External Tariff and the EPA that had been seen to be controversial.