Nigeria, Iran to establish trade centres

on   /   in Business 12:34 am   /   Comments

By Victoria  Ojeme and Rapheal Izokpu

In an Effort to develop trade relation between Iran and Nigeria, Iranian Minister of Iindustry,Mine and Trade and head of Iran delegation to Nigeria, Engr. Mohammad  Nematzadeh, has called for establishment of trade centres. He made the call at the opening of the 5th session of Iran-Nigeria joint commission at the Ministry of Foreign Affairs in Abuja.

He said: “Iran and Nigeria have great potentials for cooperation in the fields of mining, industry, oil and gas, technology, technical engineering services, health  and petrol chemical,” he said.

“I think it is our responsibility to seriously identify and remove the obstacles on the way to further economic development of the two countries. Removal of obstacles regarding  banking relations, finance, insurance investment and customs are highly necessary to facilitate trade flows between the two countries,” said Nematzadeh.

This, he said, can be considered as one of strategies to further develop trade relations between the two countries.

The head of the delegation advised that the long distance between the two countries hinder the expansion of the economic relations, saying both need to work together. Speaking earlier, the Minister of State 1 for Foreign Affairs, Prof. Viola Onwuliri, said Nigeria is ready to participate effectively in the joint commission meeting saying Nigeria believes that it serves as a veritable mechanism and platform for effective cooperation  and collaboration between both countries.

Onwuliri noted the commitment of both countries to the  peaceful resolution of international disputes and their large contribution to stabilising roles in their respective regions. Four memorandum of understandings were signed at the end of the meeting on visa waiver for holders of diplomatic passports, tourism, industrial  cooperation in the  fields of geology, mining, mineral processing and metallurgy.

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