DIPLOMACY AND TRADE AGREEMENTS: A REVIEW OF NIGERIA'S DIPLOMATIC APPROACHES AND THEIR IMPLICATIONS FOR U.S. TRADE STRATEGY

Abstract

This paper meticulously examines Nigeria’s diplomatic approaches and their consequential implications for U.S. trade strategy, aiming to elucidate the multifaceted dynamics inherent in international relations and trade agreements. The methodological framework employed encompasses an extensive exploration of pertinent literature, strict criteria for study inclusion, and in-depth techniques for data examination, providing a holistic perspective on the progression of trade pacts, alliances, and diplomatic interactions between Nigeria and the U.S. The results reveal a significant influence of diplomatic measures in shaping trade norms and legislations, reflecting mutual economic stakes and the consequences of diplomatic ties on trade resolutions. A comparative study with other countries was undertaken to analyze the efficacy of Nigeria’s diplomatic methods, revealing achievements and constraints in diplomatic maneuvers and approaches. The paper concludes that the consolidation of Nigeria-U.S. trade bonds is pivotal in fostering economic resilience and mutual development, necessitating adaptive strategies and integrative approaches in diplomacy and trade negotiations. Recommendations include the integration of environmental considerations in trade policies, developing adaptive trade strategies to navigate dynamic specialization in international trade, optimising financial resources, and constructing more resilient food systems. These proposals aim to fortify Nigeria-U.S. trade alliances, fostering a more inclusive, equitable, and sustainable global trade environment.