Taiwan urges renewal of trade deal with Nigeria to expand investments

Yih-Ping Liu, who spoke in Lagos at a media forum, said the renewal of the trade agreement signed in 1991, is essential to enhancing Taiwan’s trade with Nigeria.

Liu stated that Taiwan is working with the Ministry of Industry, Trade and Investment to sign an enhanced trade agreement with Taiwan as his home country recently did with the British Government. “For the past two years, that agreement has not been signed. The renewal has not been signed. About one and half months ago, the British Government and Nigerian Government signed the same agreement. At the same time, in November last year, the Canadian government and Taiwan signed an enhanced investment agreement. So the British and Canada are moving very fast with Taiwan but Nigeria has been trapped,” he said.

Liu said Taiwan will continue to reach out to countries that share similar democratic values, adding that though their neighbour have been threatening and bullying other nations to avoid them, it is up to those nations to take their decisions. On the challenges likely to face the new government, he said his country is facing a generational challenge owing to the unwillingness of their youths to get married or procreate early.

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