Pak-Nigeria meet to discuss enhancing bilateral trade

YarnsandFibers News Bureau 2015-05-29 12:00:00 – Islamabad

Pakistan bilateral trade with Nigeria, currently stands at US$ 500 million. Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi on Thursday reiterated the government’s resolve for enhancing bilateral trade with Nigeria. The High Commissioner of Nigeria, Dauda Danladi called on Minister for Industries and Production and highlighted many potential sectors where Pakistan and Nigeria can assist each other including textile, machinery, agriculture, vehicles and technological development.

The High Commissioner told the Minister about his visit of different cities and the immense potential of trade and investment existing between both the countries.

The Minister discussed the potential agreement between Pakistan and Nigeria which includes industrial policy, data and information sharing and establishment of industrial infrastructure in Nigeria. The agreement also details cooperation between small and medium enterprises (SMEs) through joint ventures and technology transfers.

Ghulam Murtaza said that there was a great export potential for Pakistani goods including textile products, agricultural machinery, fertilizers, pesticides, vehicles, pharmaceutical products, cereals, legumes, sports goods and toys, plastic articles and leather articles.

He also assured that he will coordinate with the Ministry of Commerce and the Ministry of Textile to make all these potential partnerships possible, and create working groups of the Small and Medium Enterprises Development Authorities (SMEDAs) of both the countries.

During the meeting both sides emphasized the need for enhanced cooperation in textile ginning, weaving and garments where as both side agreed enhance cooperation in oil and gas sector.

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