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Home Economy

Nigeria Seeks to Bolster Bilateral Trade Ties With Mexico

Business 360 by Business 360
December 4, 2023
in Economy
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Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Nigeria Confab

With total exports between Nigeria and Mexico valued at only about $94.30 million in 2022, the Executive Secretary/Chief Executive, Nigerian Export Promotion Council (NEPC), Nonye Ayeni, has said the council is currently working to further harness the full potential of both countries.

Speaking at a Business Development Session with the Mexico Delegation on Trade Mission to Nigeria and the ECOWAS led by Dr. Heriberto García, the NEPC boss said the trade relationship between both countries has the potential for immense growth. She said Nigeria’s exports to Mexico included a variety of products, showing the diverse economy of the country.

Amongst the non-oil products exported to Mexico are agricultural products, such as cocoa and hibiscus, as well as solid minerals like tin and limestone. Ayeni pointed out that building on the existing cordial relationship between the two countries, the meeting was aimed at having robust interaction between Mexican business delegates and Nigerian exporters to identify possible areas of collaboration for mutual benefits.

She said the programme will culminate in the signing of a Memorandum of Understanding (MOU) between NEPC and Mexican Business Council for Foreign Trade, Investment and Technology (COMCE).

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