http://www.punchng.com/business/business-
economy/nigeria-lauded-for-first-global-
trade-deal/

World leaders have lauded Nigeria for helping
to facilitate the first ever global trade reform
agreement, which has the potential to add
$1tn to the global economy.

The world’s trade ministers agreed that the
‘helpful’ leadership of the Nigerian Minister of
Industry, Trade and Investment, Mr. Olusegun
Aganga (who chaired the MC8), drew the path
for success at the just-concluded ninth
ministerial conference, a statement by
ministry on Sunday, said.
“The fact that Minister Aganga, who is the past
chair, is well versed and experienced in global
issues, helped a great deal to reach a
consensus. It is a good thing that the positive
conclusion today started from MC8, the
Rwandan Minister of Trade and Investment,
Francois Kanimba, said.

On her part, the Minister for Trade and
Industry for Botswana, Dorcas Makgato-
Malesu, said one of the important outcomes
of the MC8 was the courage to focus on key
deliverables after over 10 years of negotiating
the Doha issues.
“Minister Aganga, who chaired the MC8, is
one of the key people helping Nigeria, and
Africa as a whole, on all fronts. He has been
instrumental in trying to bring together
divergent views to achieve convergence in a
way that everybody’s interest is protected
with permissible flexibilities,” she said.

The entire 159 member countries of the WTO
came to Bali for the MC9, knowing well that it
was either a deal was struck regarding the
three packages on the table or the WTO lost
its integrity.

Ministers therefore worked very hard with
Nigeria, in particular, mediating to ensure
that key areas constituting major imbalances
in the multilateral trading system were ironed
out.

“For the first time in our history, the WTO has
truly delivered. This time, the entire
membership came together. We have put the
‘world’ back in the World Trade Organisation,”
the Director-General, WTO, Roberto Azevedo,
told exhausted ministers after the long but
fruitful talks.

IF YOU THINK NIGERIA WILL NOT WORK AGAIN PLEASE TAKE THE FASTEST JET TO TOGO.

LONG LIFE THE GIANT OF AFRICA!!!

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