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Mexico, Nigeria deepen commerce ties with launch of latest bilateral chamber of commerce  

The Mexican Embassy in Nigeria has inaugurated the Nigeria-Mexico Chamber of Commerce (NMCC) and its new Board of Administrators to strengthen commerce relations between the 2 international locations.

Through the ceremony in Abuja on Tuesday, Ambassador of Mexico to Nigeria, Amb. Alfredo Miranda described the NMCC as a brand new chapter within the financial, cultural, and strategic relations between Mexico and Nigeria.

Miranda acknowledged that the Nigeria-Mexico Chamber of Commerce (NMCC) would function a bridge for companies, concepts, innovation, and alternatives between Nigeria and Mexico, two international locations wealthy in heritage, resilient in spirit, and daring in ambition.

NMCC to function commerce catalyst 

Based on him, the NMCC will act as a catalyst by offering essential assist to companies from each nations, selling commerce and funding, providing market intelligence, and fostering mutual understanding.

“That is the second we’re sure to work, create a brand new narrative, and present folks that collectively, Nigeria and Mexico are large powerhouses. 

“The 2 international locations do fantastic work for his or her continents. We have now to proceed working in commerce, which is why it’s essential to concentrate on these strategic areas and acknowledge the capacities of some international locations. 

“I imagine that sooner or later, we’ll see extra constructive figures than what now we have achieved thus far,” Miranda added.

Nigeria seeks stronger bilateral ties 

Talking on the occasion, the Minister of Foreign Affairs, Amb. Yusuf Tuggar emphasised the necessity for Nigeria and Mexico to strengthen their bilateral ties in an effort to totally harness their financial potential.

Tuggar, who was represented by Amb. Anderson Madubuike, Director of the Financial, Commerce and Funding Division on the ministry, highlighted the importance of the newly inaugurated Nigeria-Mexico Chamber of Commerce (NMCC).

“There may be a lot the 2 international locations can obtain in advancing the worldwide financial system, and it’s encouraging that the NMCC has come at such an auspicious time. 

“By speaking about globalization, we’re additionally saying that African international locations should come collectively to take their rightful place within the comity of countries,” Tuggar added.

Agriculture and livestock sector key to collaboration 

Additionally talking on the occasion, the Minister of Livestock and Rural Improvement, Mr. Idi Mukhtar, pledged to open new avenues for agricultural funding, significantly in pink meat manufacturing, animal illness administration, and dairy processing.

“Nigeria right now imports not lower than $1.5 billion price of dairy merchandise. We hope to upscale operations within the pink meat business, create alternatives, and drive competitiveness within the worldwide market,” Mukhtar mentioned.

He emphasised the ministry’s openness to funding and famous that messages have been despatched to business leaders and the newly inaugurated Nigeria-Mexico Chamber of Commerce (NMCC) to benefit from these alternatives.

For her half, the President of the NMCC, Arim Pete, described the occasion as the start of a brand new period for the chamber, one constructed on belief, alternative, and imaginative and prescient.

Based on her, Mexico is just not solely a regional powerhouse but in addition the twelfth largest financial system on the planet, with a Gross Home Product (GDP) of $1.8 trillion.

“We’re going to concentrate on commerce with Nigeria as our major focus. Instances have modified, and the foundations of commerce have additionally been rewritten,” she mentioned.

She expressed optimism that it is a good time for NMCC, as there are quite a few alternatives throughout each international locations. Our economies are so complementary; now’s the time to start this initiative.


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