Saturday, June 28, 2014

Nigeria, Iran sign MoU to improve trade relations.




Four Memoranda of Understanding have been signed by Nigeria and Iran with a call from Iranian Minister of industry, Mine and Trade and head of Iran delegation to Nigeria, Engr. Mohammad  Nematzadeh, pushing for the establishment of bilateral trade centres, DigitalSENSE Business news gathered.

Engr.  Nematzadeh who made the call at the opening of the 5th session of Iran-Nigeria joint commission at the Ministry of Foreign Affairs in Abuja, recently observed that Iran and Nigeria had great potentials for cooperation in the fields of mining, industry, oil and gas, technology, technical engineering services, health  and petrol chemical.

“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,” he said.

Earlier in her speech, Minister of State 1 for Foreign Affairs, Prof. Viola Onwuliri, expressed Nigeria’s readiness to participate effectively in the joint commission meeting saying the country believes that the commission serves as a veritable mechanism and platform for effective cooperation and collaboration between both countries.

Onwuliri further noted the commitment of both countries to the peaceful resolution of international disputes and their large contribution to stabilising roles in their respective regions was key to ensuring smooth business relations.

The MoU included agreements on visa waiver for holders of diplomatic passports, tourism, industrial cooperation in the fields of geology, mining, mineral processing and metallurgy.


Chukwudi Obi

... Making SENSE of digital revolution!

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