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Nigeria, Iran looking to strike trade agreements at upcoming high-level meeting

Business Materials 1 June 2022 16:02 (UTC +04:00)
Nigeria, Iran looking to strike trade agreements at upcoming high-level meeting

TEHRAN, Iran, June 1. A Nigerian trade delegation headed by the country’s minister of foreign affairs is to visit Iran for talks with top Iranian officials, Trend reports citing the Public Relations Department of Iran`s Ministry of Industry, Mine and Trade.

The high-ranking delegation will be headed by the Nigerian Foreign Minister Geoffrey Onyeama.

According to the Iranian Ministry of Industry, Mine and Trade, the delegation is slated to arrive in Tehran on June 7. The Nigerian officials are scheduled to meet top Iranian officials including the first Vice President Mohammad Mokhber, Trade Minister Reza Fatemi Amin, and Speaker of Parliament Mohammad Baqer Qalibaf.

Facilitating trade exchanges between Iran and Nigeria, boosting bilateral trade, and concluding trade agreements will top the agenda of the negotiations in Tehran.

During the visit, the Nigerian trade delegation will have face-to-face meetings with Iranian businessmen to discuss ways to tackle obstacles impeding business between the private sectors of the two countries.

Also at the end of the visit, several documents and memorandums of cooperation will be signed between Iran and Nigeria by Seyed Reza Fatemi Amin, and Geoffrey Onyeama.

It should be noted that this trip comes in line with Iran’s plan to develop trade ties with African countries. The agreements are expected to dramatically increase bilateral trade between Iran and Nigeria within a short period of time. Nigeria is one of Iran's four top trading partners in Africa.

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