Abuja CCII sign MoU to promote trading activities

Considering the important role of trade, industry and services in the economic development of their respective countries and desirous of intensifying economic relations between the two countries, the Abuja Chamber of commerce and Industry (ACCI) and Confederation of Indian Industry (CII) have signed a Memorandum of Understanding (MoU) to reposition their export and other trade relations activities.
The deal which seeks for transfer of technology and investment into Nigerian economy was sealed in New Delhi between the Vice President in charge of Information Communication Technology, (ICT) who is also the Provost of ACCI training institute called Business Entrepreneurial Skills and Technology (BEST) centre, Prof. Adesoji Adesugba, while Mr. E.B. Rajesh, the Regional Director in charge of Africa singed on behalf CII, an association of over 8000 companies. In the text of the MoU made available to the press, the parties agreed: “To enhance economic relations and propose to the respective governments, measures and mechanisms to promote exports on the basis of mutual interests to avoid any imbalances which may affect the relationship.
“To continue to develop exchange of economic information between the two institutions. To organize trade missions and to cooperate through the organization of conferences, symposia and other forms of trade events for the promotion of trade, industry and services of both countries. “To participate and cause traders to participate in trade fairs and exhibitions, encourage reciprocal visits of businessmen and professionals and help visitors and businessmen in both directions, obtain the most appropriate business contracts. “To establish a regular consultation program between officials of both institutions on trade, industrial issues and services.