Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has said that the ongoing review of Nigeria’s trade policy will redefine commerce and trade in the country.

Speaking while receiving a draft copy of the revised Trade Policy in Abuja, the Minister noted that since the extant trade policy was promulgated in 2002, both Nigeria and the world have witnessed major developments.

He noted that with the African Growth and Opportunity Act only in its second year, the policy review had become even more imperative in order to tap into existing and future opportunities.

The Minister, having gone through the draft as presented by the Trade Policy of Nigeria Review committee, expressed satisfaction with the document, but made a few observations

According to him, there was a need to specify measures to be taken to avoid and curtail trade injuries.