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Switzerland sign MOU stopping illegal dumping

Switzerland sign MOU stopping illegal dumping

ZURICH: The Federal Government in partnership with Switzerland’s King and Spalding, a leading Law firm in Geneva, have signed a Memorandum of Understanding (MoU) to stop using the Nigerian market as a dumping ground. The agreement was signed in Geneva by Chief Negotiator and Director General,  Nigerian Office for Trade Negotiations (NOTN), Ambassador Chiedu Osakwe for Nigeria and Mr. Daniel Crosby for King and Spalding. In a statement, yesterday,  NOIN, said King and Spalding are expected to support the drafting of Nigeria’s trade remedy laws, as well as prepare a legal brief on the rationale and requirements for the legislation, which will effectively stop dumping on the Nigerian market, adding that The company’s services are on a pro bono basis. According to the statement, “Nigeria has been grappling unsuccessfully with increased cases of dumping and other injurious imports in the economy. Nigerian market was illegal and anti-development, saying the legal services and technical support to be provided by King and Spalding, was a major step forward to decisively stop, what it referred to as “this illegal practice and alarming increase of dumping in the Nigerian economy.” Nigeria commended King and Spalding for its pro bono support, and said it is  looking forward to a technically solid partnership to establish a rules-based trade remedy infrastructure for Nigeria in 2018. Crosby said Nigeria was one of Africa’s most ambitious and exciting economies, saying the Nigerian government’s commitment to economic and social development, while nurturing local businesses and industries, was an important one.