Turkey targets N360 billion trade transactions with Nigeria - Business

Turkey targets N360 billion trade transactions with Nigeria – Business

On Wednesday, the Turkish Exporters Assembly (TIM) expressed optimism that in the short term, trade between Turkey and Nigeria would reach about N360 billion (about $ 1 billion) by 2020.

International Trade Manager Assembly, Mr. Abdullah Keskin, reported to the Nigeria News Agency (NAN) in Lagos that Turkey will increase its trade relations with Nigeria during this period.

Keskin, who led the Turkish trade delegation in Lagos, said the delegation was visiting to help strengthen economic ties with Nigeria, as well as diversify its investments in Nigeria.

“Nigeria is one of the very important trading partners of Turkey in West Africa. Turkey’s trade with Nigeria currently accounts for almost 25 percent of Turkey’s total trade with the countries of the ECOWAS subregion.

“In 2017, the volume of trade between our countries amounted to about 490 million dollars. In previous years, our bilateral trade was not expected.

“We really want to see more trade deals between our two countries. Therefore, we hope that our trade volume in the short term will reach approximately one billion US dollars by 2020 ", he said.

Keskin said that the assembly is ready to promote the export of Turkish products in Nigeria, as well as create an appropriate market for Nigerian products in Turkey.

He said that the delegation is a continuation of the policy of Turkish President Recep Erdogan on the opening of African countries since 2006.

The Assembly’s international trade manager expressed optimism that this visit in the near future would promote more mutually beneficial business cooperation between Turkish businessmen and their Nigerian counterparts.

“We represent 71,000 exporters, importers and foreign investors. Today we arrived in Lagos for a specific purpose.

“We traveled more than 7,000 kilometers to Lagos in order to achieve our trade relations at a higher level.

“We firmly believe that Nigerian business people will take advantage of this visit and build long-term commercial ties with their visiting Turkish counterparts”,& # 39; he said.

Keskin said that the meeting was created in 1993 to identify issues related to exports, to carry out improvement activities, as well as to discuss the problems of exporters to the Turkish authorities.

He said that a Memorandum of Understanding (MOU) between the Assembly of Exporters of Turkey and the Chamber of Commerce of Lagos will be signed in order to strengthen the existing trade relations between Nigeria and Turkey.

Nigeria is Turkey’s largest business partner in sub-Saharan Africa.

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