Economy

Bilateral agreement: Nigeria, Iran forge trade partnership

by Harrison Edeh, Abuja

July 26, 2016 | 6:47 pm
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Nigerian Export Promotion Council (NEPC) and Iran have agreed to forge a stronger trade partnership that will promote bilateral trade between both countries.

Olusegun Awolowo, executive director, NEPC, disclosed this while receiving the new Iranian ambassador to Nigeria, Morteza Rahimi Zarchi, in Abuja.

Awolowo said the partnership areas between both countries would focus on manufacturing, ICT, agriculture and pharmaceuticals, and talked of the cordial relationship that existed between the Council and his predecessor HE Saeed Koozechi, adding that it was on this premise that he urged Zarchi to assist in attracting Iranian investors to help industrialise Nigeria through ownership of plantations in areas like rice and cocoa.

He pointed out that such investments would help to scale-up production, improve quality and increase exportation of Nigeria goods, particularly in areas such as real estate, petrochemical, automobile and transportation, where Iran has high degree of expertise.

Ambassador Zarchi, who confirmed his visit as the first since assumption of office, expressed that Iranian mission attached importance to trade relations with Nigeria, hoping to attract significant development to the country and draw symbiotic benefits to both nations.

According to Zarchi, “Iranian Commercial Minister and Deputy High Commissioner will be here in early August 2016, to discuss and plan the visit of a 34-man business delegation in Nigeria.”

He solicited NEPC’s support in mobilising relevant MDAs, manufacturing companies and the organised private sector to participate in activities of the Inward Trade Mission.


by Harrison Edeh, Abuja

July 26, 2016 | 6:47 pm
12893  |   93   |   0  |   Start Conversation

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