The UK will today sign a new investment deal with Nigeria that aims to boost bilateral trade and reduce commercial barriers as Britain seeks to strengthen ties with overseas states post-Brexit.
Business and Trade Secretary Kemi Badenoch will seal the agreement, known as an enhanced trade and investment partnership, in the Nigerian capital Abuja on Tuesday, the UK Department for Business and Trade said in a statement. It’s the first such deal struck between the UK and an African country.
While the agreement won’t entail substantive changes in regulation or market access, it will establish working groups staffed by government officials and private sector representatives, which Britain hopes will lead to the removal of trade barriers, boost investment and “unlock opportunities” for the UK’s dominant services sector, according to Badenoch’s department...
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