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Pakistan seeks trade treaty with Nigeria

Published by Guardian on Tue, 14 Aug 2012

PAKISTAN has expressed interest in signing a trade and investment treaty with Nigeria to further boost economic and business cooperation between the two countries.The quest by the Asian country was contained in a statement issued yesterday, in Abuja and signed by the High Commission's Media Coordinator, Zakir Maganhar.The statement quoted the Pakistani High Commissioner to Nigeria, Ahmed Sirohey, as saying that the treaty would ease exportation and importation between both countries.'A trade treaty will engender mutual benefits for Nigeria and Pakistan, especially in the crucial areas of agricultural equipment, education and improved seeds and health technologies,'' it quoted Sirohey as saying.The statement stressed the need for the endorsement of a 'Preferential Trade Agreement (PTA)' that would facilitate easy access to Pakistani and Nigerian markets by industrialists from both nations.'This will boost joint ventures in areas of irrigation, farming, home gas technology and power generation,' it said.'In Pakistan, cooking gas is piped to homes at cheap rates through joint ventures, a similar feat can be achieved here as part of the benefits of the brotherly relationship between Nigeria and Pakistan' the statement said.According to the statement, a research conducted by the Pakistani High Commission in Nigeria to promote its agricultural technology companies, verified that 60,000 agricultural tractors were currently disabled, damaged and grounded across the country.'A Pakistani agricultural technology company is already set to establish a tractor rebuilt factory in Nigeria to refurbish tractors at low cost.'The company has completed arrangement for the establishment of tractor rebuilt companies in Gombe to be finalised on Aug. 24 which will be followed by another one in Kano,'' the statement said.
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