Nigeria, Turkey, Strengthen $2.3billion Trade Relations

The National Association of Chambers of Commerce, Industries, Mines and Agriculture, NACCIMA, has consolidated trade ties with Turkey, the 18th largest economy in the world.

This development is expected to yield more investment to boost major sectors, including power, manufacturing, mining, construction, agricultur/agro-allied, aviation and security.

NACCIMA President, Bassey Edem, who spoke at the Nigeria-Turkey business forum in Abuja, during the week, said it was imperative for the countries to strengthen extant trade relations considering the huge trade volume built over the years.

He expressed Nigeria’s readiness to negotiate specific incentives for investors in consultation with appropriate government agencies and also assist incoming and existing investors with the provision of support services as well as facilitate procurement of all business approvals.

Edem said: “Nigeria and Turkey have over the years sought a way to fill the vacuum that exists between the two country’s trade relations, through signing bilateral agreements, organizing trade shows and exhibitions in Nigeria and Turkey to encourage both countries open up more trade and investment relations.”

 

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