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|Nigeria Europe Economic Forum by nigeriaerope: 12:00pm On Mar 05, 2020|
The scope for improving trade relations between Nigeria and Europe is significant and constitutes a driver for development that TRADE NIGERIA
- A Public-Private Joint Partnership with Government that engages the foremost political, business and other leaders of the society to shape global, regional trading agenda on Industries, Investments and Commerce recognize.
This is why it (TRADE NIGERIA) are committed to the negotiations of comprehensive Economic Partnership Agreement through its high profile forum Nigeria-Europe Economic Forum.
Europe constitutes the most significant trade partner for the whole ECOWAS region.
It remains the top destination for Nigeria's oil and non-oil exports with trade volumes at €39.6 billion in 2014.
Nigeria is also a key beneficiary of EU Foreign Direct Investment (FDI) with FDI stock growing from €25.3 billion in 2011 to €29.6 billion in 2013.
Nigeria accounts for around half of the EU exports to the region and nearly 70 per cent of the imports.
Of course, oil takes the biggest share but the EU also attracts more than 50 per cent of the Nigerian non-oil exports and is a key partner, through trade and investments, in the industrialization of the country.
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