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Abstract
Over the past several decades, the economies of the world have become greatlyconnected through international trade and globalization. Foreign trade has been identifiedas the oldest and most important part of a country's economic relationship. The basis forforeign trade rests on the fact that nations do differ in their resource endowment, preferences, technology, scale of production and capacity for growth and development. Over the past decades the volume of trade between nations of the world has increasedconsiderably. Particularly, Nigeria has witnessed a sharp rise in the volume of tradeandinvestment with other nations of the world. The relations between Nigeria andChinawhich cut across political, trade, investment, aid and military spheres have grownsomuch in recent years.
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