CENTRE FOR TRADE COMMERCE AND INVESTMENT.....powered by globe chamber of commerc

CENTRE FOR TRADE COMMERCE AND INVESTMENT.....powered by globe chamber of commerc
General trade policy objectives have focused on reduced protection, achieving a more outward- oriented trade regime, increased market access for exports, and greater global integration, aimed at increasing economic efficiency, competitiveness, and export-led growth...... The Centre aims to strengthen Africa’s position within the multilateral trading system by encouraging active participation of African countries, promoting trade and investment opportunities, and advancing the goal of sustainable development in Africa. By advocating on behalf of businesses, governments and civil society, and representing their interests in international trade and development forums

Thursday, September 10, 2020

Nigeria - Turkey Economic Forum

 The Nigeria - Turkey Economic Forum is a Forum powered by Trade Nigeria Organization for Public-Private Cooperation on business, investment and commerce to Australia......

Nigeria is Turkey's largest trading partner accounting for less than one percent of Turkey bilateral trading relationship.

Major exports included wheat, edible products and paper. Bilateral investment between Turkey and Nigeria is minuscule, meaning opportunities abound in Turkey Market for Nigeria’s.

Between 2016 and 2017, Turkey and Nigeria enjoy a prosperous trade relationship. According to the Nigerian Investment Promotion Commission (NIPC)’s stats on Turkey trade transactions, trade between the two countries was worth approximately 100 billion Nigerian Naira. Now the Turkey/Nigeria Trade Partnership Has Grown Strong . Turkey has heavily invested in Nigeria – and in the continent of Africa as a whole – because of its mining and oil activities.

On a positive note, Turkey firms are being encouraged to invest in Nigeria outside of the mining and oil sectors. Logistics, transport, food, health, Agriculture, Electrical Electronics,,Infrastructural Development and Finance have all been highlighted by the NICP as areas where Turkey businesses have strong reputations and therefore would provide an ideal opportunity for Nigerian investment.

Nigeria, given the online infrastructure, could also use e-commerce to sell its local goods to Turkey. This could be especially effective given the high level of e-commerce transactions that take place in the region

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Centre For Trade Commerce And Investment

 General trade policy objectives have focused on reduced protection, achieving a more outward- oriented trade regime, increased market acces...