Wednesday, January 03, 2024

EU Treaty dangers

 From MSNews

they note that it favors Europe in a way that could undermine local industries and even agriculture.

The EU-ACP treaty could exacerbate existing trade imbalances. The EU, as a highly developed economic bloc, may have the upper hand in negotiations, potentially leading to terms that favour European interests....
Signing the EU-ACP treaty may expose local industries to stiff competition from more advanced European counterparts. This could jeopardize the growth and sustainability of Nigerian industries, leading to job losses and hindered economic diversification.

 

...  The agricultural sector, a crucial component of Nigeria’s economy, could face challenges under the EU-ACP treaty. The influx of subsidized European agricultural products might undermine the competitiveness of local farmers. This could have detrimental effects on food security and the livelihoods of those dependent on agriculture. 

and I suspect the protect the environment types will pressure their farmers to stop growing food because global warming... 

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