All sides agreed that the restrictions do not comply with the commitments given by Nigeria to the WTO, she said. The Central Bank of Nigeria in June 2015 excluded importers of 41 goods and services from accessing foreign exchange at Nigerian foreign exchange markets to encourage local production of those items. Nigerian authorities say the move was further intended to sustain foreign exchange market stability, ensure the efficient use of foreign exchange and ensure that optimum benefits are derived from goods and services imported into the country. According to the Commerce Ministry's statistics, two-way trade between Thailand and Nigeria amounted to US$236 million (8.14 billion baht) in 2016, down by 67.8%. Of the total, exports from Thailand fell 67% to $188 million and imports totalled $48 million, dropping 70.3%.

Source: Bangkok Post May 16, 2017 23:03 UTC