Uk Nigeria Trade Agreement

Time will tell whether the UK`s new ability to conclude trade agreements directly with other countries as soon as it leaves the EU can be integrated into more than bilateral economic cooperation. But there is no reason why we should not try together. Nor should we miss the potential to make the community more than a voluntary organization of equals, based on a common history that it is today. Instead, it is in the interest of our people to work passionately, to focus on removing barriers, to achieve what truly brings freedom, friendship and equality: prosperity through trade. You must register your intellectual property (IP) in Nigeria to protect yourself from possible violations. The registration of patents and trademarks is the responsibility of the Nigerian patent registry and designs. Since this process can take months or even years, you should go to an IP lawyer if you need to complete a patent when you export. Nigeria is Africa`s second largest market for British products (UN comtrade 2019). British companies are well known and British brands are in high demand. DIT provides trade and investment services and practical assistance. We help British companies succeed in Nigeria, and we create Nigerian companies and invest in the UK. However, we must be realistic: the Commonwealth will not suddenly become a multilateral free trade area.

Today, many members live in their own free trade and regional customs zones. But without one of us having to give up these ties, we can work together to reduce as much as possible, in accordance with memberships, many tariffs and barriers on raw materials, products and services. Since The national laws of the Member States are based on the principles of English jurisprudence, we could work together from this common platform to better harmonize the rules on investment, certification and trade. As one of its largest economies, my country of nearly 200 million people has much to offer in a new trade agreement: Nigeria`s huge natural and natural energy resources, which are not blocked by the end of customs barriers, could contribute to business growth in every corner of the UK.