The European Union (EU) is seeking improved trade relations with Nigeria and other West African countries to boost economic activities, reduce poverty and create wealth, according to Head of EU Delegation to Nigeria and ECOWAS Michel Arrion.
The local media reported Thursday that the EU envoy spoke ahead of its yearly EU-Nigeria Business Forum in the commercial city of Lagos.
He said this year’s forum would focus on the common EU/Nigeria economic agenda and the role the private sector can play in supporting it.
“Though Nigeria maintains a positive trade balance with the EU and the EU remains the biggest market for both oil and non-oil exports (such as leather, cocoa, sesame, etc.), it is imperative to address the EU-Nigeria relationship towards a more diversified composition and a strengthened ECOWAS regional market,” the envoy said.
The EU is the most accomplished example of regional integration at work, and integration has led to competitiveness within the Union, removal of obstacles to free movement of goods, services and people – and greater prosperity for EU citizens.