Thursday, January 6, 2011

Nigeria to sign trade pact with Pakistan

Federal government of Nigeria has promise to finalise a trade agreement with Pakistan as soon as necessary processes have been completed.

Permanent Secretary, Federal Ministry of Commerce and Industry, Dr. Abubakar Mohammad stated this during a courtesy visit by the Acting High Commissioner of the Islamic Republic of Pakistan, Mr. Ahmed Ali Sihorey to the Ministry's Headquarters in Abuja.

Receiving the envoy, Dr. Muhammad said the volume of trade between both countries has improved tremendously compared to the previous years. "The trade volume between Nigeria and Islamic Republic of Pakistan has improved that we are ready to strengthen the trade bond between the two countries," he said.

He assured the High Commissioner of Federal Government's readiness to create a conducive environment for trade and investment to thrive in the country. He as well sympathized with the government of Pakistan over the recent flooding in the country on behalf of government and people of Nigeria.

Earlier, the Acting High Commissioner, Mr. Ahmed Sihorey said he came for a follow-up to the re-opening of the Pakinstani Trade Mission and Office in Lagos and called for stronger relationship between the two countries adding that Pakistan is ready to cooperate with Nigeria in the area of trade and investment.

He also sought for joint venture between private sectors of both countries and urged the ministry to fast tract the signing of the draft Bilateral Trade Agreement between both countries and opening of trade missions in both countries saying that opening of the commercial centre will go a long way in boosting trade and investment in Nigeria and Pakistan.

Daily Trust

Related stories:  BBC reports on Nigeria's free trade zone

 China's trade with Nigeria hits N1.053 Trillion

No comments:

Post a Comment