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Importance of The European Economic Community (EEC) to Developing Nations

Since the inception of EEC, the developing countries have benefitted greatly from its European Development Fund. A great number of trade moves between EEC and developing nations in the international trade which is fast growing. The developing countries have witnessed greater foreign investment as a result of closer ties with the EEC. For instance, an offer of a grant announced by the EEC in 1986, was given to Nigeria Industrial Development Bank Limited to carry out investment opportunity.