The Head of the African and Management Trade Policies Review Division, of the World Trade Organization, Jacques Degbelo, has asked Nigeria to open its door to different countries for exchange because the latter equally needs access to foreign markets to boosts its export and as well as diversify the economy.
He said the nation is expected to formulate modest conditions for exporting to other countries as well as a frame work for other nation to trade with it.
He said the WTO, including other multilateral agencies, were keen on helping the country develop appropriate trade regulations to help to significantly diversify its economy away from oil.
The WTO scribe said though there’s need for every country to guard against harmful trade practices that undermine economic development and kill local industries, adopting outright protectionist strategy was not the right way forward.
