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Nigeria-China trade hits $6.5b, says envoy

Mr Rong Yansong, China’s  Economic and Commercial Counsellor in Nigeria, says that the trade volume between China and Nigeria hit $6.5 billion  in 2009. Yansong said this on Friday at a news conference in Kaduna. He said that the Chinese Embassy specified the amount  in the trade statistics it compiled during the trade review for the year.

The counsellor was in Kaduna, ahead of the 31st Kaduna International Trade Fair, which opens on Saturday. Yansong said that the accumulated investment of Chinese enterprises in Nigeria also amounted to $7.24 billion  during the year.

He said that various Chinese enterprises were involved in petroleum, iron and steel, manufacturing, agriculture, fishery, pharmaceuticals and transportation projects. He commended the Federal Government and the Kaduna State Government for supporting Chinese enterprises that started business in the country in the early 1980s. Yansong stressed that the trade fair would create another avenue for the two countries to further consolidate their trade relations through bilateral talks, seminars and agreements and other business activities.

He said that six Chinese companies had concluded plans to invest in cities’ development, infrastructure, water supply, agriculture and hydro-based power projects in the state.

Yansong said that trade delegations from China would hold talks with the Kaduna Chamber of Commerce, Mines and Agriculture (KADCCIMA), organisers of the fair, on the development of small and medium-scale enterprises.

“My office will collaborate with KADCCIMA and hold seminars to introduce investment projects for the benefit of both countries. My office will also provide more training opportunities for the Chamber to improve the capacity of its personnel and enhance its local content in future fairs,” he said.

Yansong said that the delegations would also meet with the state government to discuss other areas of cooperation. Meanwhile, preparations have been concluded for trade exhibitions at the 31st Kaduna International Trade Fair, which  opened on Saturday.


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