Development of preferential trade agreements reached by the Group of Eight
LAGOS, July 5 (Xinhua CAO Kai) the development of the Group of Eight on the 5th in the Nigerian capital Abuja preferential trade agreements to reduce trade barriers between the eight countries to promote investment and economic cooperation.
held at the 28th day of development of the Group of Eight Business Forum, Nigeria Industry and Commerce Minister 马丁斯库耶 on preferential trade agreements welcomed. In his view, the agreement between the eight countries to promote free trade, elimination of quotas, trade transaction costs and other non-tariff barriers, but also to promote global trade and investment.
library Jesus said, under the agreement, tariffs on more than 25% of the goods will be reduced to 25%, tariffs between 15% to 25% will be reduced to 15% to 10% tariff will be reduced between 15% to 10%.
the development of the Group of Eight that the Secretary-General 阿卜杜勒泽 Hangu Ni, preferential trade agreements is a positive development. He also called for the development of economic development faced by the Group of Eight to solve the visa and the free flow problems.
Nigeria on the 4th at the 28th Development Committee meeting of the Group of Eight elected to the development of the Group of Eight presidency for two years. The development of the Group of Eight will be held on 6 and 7, the 13th Foreign Ministers Meeting and the 7th Summit. Among them, the summit meeting's theme is "Promoting the development of investment cooperation, the Group of Eight", leaders will discuss how the private sector more involved in the Group of Eight economic and commercial activities and, especially, energy, civil aviation, infrastructure construction area.
the development of the Group of Eight was founded in 1997, also known as the Islamic development of the Group of Eight countries, including Egypt, Iran, Nigeria, Indonesia, Malaysia, Bangladesh, Turkey and Pakistan, based in Istanbul, Turkey . Its purpose is to promote cooperation among Islamic countries to promote the economic development of member countries, to Islamic countries in the world economy can play a more important role.
