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Viewing cable 07ABUJA2604, AMBASSADOR'S POSITIVE DISCUSSION WITH NIGERIAN

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Reference ID Created Released Classification Origin
07ABUJA2604 2007-12-27 06:51 2011-08-25 00:00 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy Abuja
VZCZCXYZ0024
RR RUEHWEB

DE RUEHUJA #2604 3610651
ZNR UUUUU ZZH
R 270651Z DEC 07
FM AMEMBASSY ABUJA
TO RUEHC/SECSTATE WASHDC 1696
INFO RUEHOS/AMCONSUL LAGOS 8447
RUCPDOC/DEPT OF COMMERCE WASHDC
RUEATRS/DEPT OF TREASURY WASHDC
UNCLAS ABUJA 002604 
 
SIPDIS 
 
SENSITIVE 
SIPDIS 
 
DEPARTMENT PASS TO USTR-AGAMA, TREASURY FOR PETERS ADN 
HALL, DOC FOR 3317/ITA/OA/KBURRESS 
 
E.O. 12958: N/A 
TAGS: EINV ETRD ECON EFIN NI
SUBJECT: AMBASSADOR'S POSITIVE DISCUSSION WITH NIGERIAN 
PRESIDENT YAR'ADUA ON BIT 
 
REF: TANSEY/MOSS 13 DECEMBER 2007 EMAIL 
 
SENSITIVE BUT UNCLASSIFIED - HANDLE ACCORDINGLY 
 
1. (SBU) Ambassador followed-up on instruction to engage 
Nigerian President Yar,Adua on his interest in moving 
forward with a Bilateral Investment Treaty (BIT) with the 
United States, on the fringes of the December 14, 2007, 
civil society event hosted by the Academy for Education 
Development (AED) in a short pull aside in AED,s green 
room.  Ambassador raised the issue in the context of the 
two fruitful December 13, 2007, discussions between both 
POTUS and President Yar,Adua, and the subsequent meeting 
between the latter and the Secretary on the importance of 
investment for Nigeria,s growth, and in the context of the 
in-depth discussion on energy sector issues.  Yar,Adua 
immediately seized the opportunity to highlight that he was 
seeking to have trade and investment treaties with "all 
those countries where we seek to have stronger 
partnerships and friendships" and that "the BIT seemed to 
fit into my thinking."  He wanted to ensure that there 
were legal frameworks -- in line with his strong stance on 
the rule of law -- that were respected to further enhance 
and advance investment and trade relations, particularly 
with the United States. 
 
2. (SBU) The Nigerian President went on to say that he 
would notify his Commerce Minister immediately and have him 
be prepared to be actively engaged with the USG on all 
levels to advance the dialogue on the BIT.  Ambassador told 
him that she would let him know next steps soonest on this 
issue and would find out when such a dialogue or a team 
could come out to further advance discussions.  She noted 
that some dialogue had already taken place as a result of a 
recent visit of a USG team within our Trade and Investment 
Framework (TIFA), which has recently left Abuja; however, 
we also sought his personal strong commitment on the issue, 
which he said we had. 
 
3. (SBU) Embassy will follow-up not only directly with the 
Nigerian President, but also continue our dialogue on this 
issue with other senior government economic and trade 
contacts.  The template for a BIT agreement itself has 
already been forwarded to the Commerce Ministry and to the 
economic advisors at the President,s Villa (ref). 
Ambassador plans a post-Washington follow-up with Yar,Adua 
on several issues where this will be raised as well as the 
need for an over solid point of contact on trade and 
investment challenges that may arise or are currently in 
need of resolution.  Although the President was very upbeat 
about the "idea" of the BIT, the details and in-depth 
changes here that will be necessary for fruitful BIT 
dialogue will need to be reviewed with him very closely to 
ensure that the GON recognizes just what kind of level of 
commitment will be required for this desire to turn into a 
reality and to move the economic and trade side of the 
US-GON partnership forward. 
SANDERS