Officials Want Nigeria-Pakistan $210M Trade Volume Increased
The President of Islamabad Chamber of Commerce and Industry, Mr. Ahsan Bakhtawari has decried the volume of trade between Nigeria and Pakistan, valued at $210M, and stated that efforts should be made towards improving on it, through the promotion of business to business talks, establishment of the Nigeria-Pakistan Chamber of Commerce, Industry, Mines & Agriculture, and visit of trade delegations from both sides.
Speaking in Islamabad, Pakistan when Nigeria’s Minister of Aviation, Senator Hadi Sirika, met with different government officials in civil aviation, trade and commerce to foster economic and trade relations, and promote commencement of direct flights between Nigeria and Pakistan, Bakhtawari said the President of the Islamabad Chamber of Commerce was of the view that trade between Nigeria and Pakistan could only be bolstered if there was a direct flight linking Pakistan and Nigeria and he urged the Nigeria’s Minister of Aviation to facilitate it.
Responding, the Minister stated that no doubt, flight connectivity had a greater role in cementing bilateral and economic relations between friendly nations of the world, and promised to facilitate the process before the end of the administration of President Muhammadu Buhari.
The mission which was facilitated by the Ministry of Foreign Affairs of Nigeria in collaboration with the Africa Center for Asia +B Studies made it possible for the Minister to engage with the Acting Secretary of Pakistan’s Ministry of Aviation, President of Islamabad Chamber of Commerce and Industry, and the Minister of Commerce of Pakistan.
At the meeting with the Acting Secretary of Aviation of Pakistan, Mr. Hassan Nafir, the Minister Sirika and his host agreed to take concrete steps towards the commencement of direct flights between Nigeria and Pakistan, in order to promote trade and tourism. They also agreed that the subsisting Bilateral Air Services Agreement (BASA) between Nigeria and Pakistan be revitalized within the shortest possible time.
To actualize the plan, directive was given to officials of both countries present at the meeting to immediately meet to review the BASA and come up with a workable Memorandum of Understanding (MoU) that would ensure early commencement of direct flights. They both expressed the view that the volume of passengers’ traffic should quadruple from the 7,300 recorded last year, as it was noted that the two countries have the advantage of population towards making it to happen.
At the meeting with Mr. Syed Qamar, the Minister of Commerce of Pakistan, Senator Sirika and his host agreed that efforts should be made to improve on the level of trade between both countries and air link was identified as one of the major catalyst. The need for both governments to look at the issue of visa restrictions was stressed for the purposes of boosting trade, tourism and commerce. He urged the business leaders of Pakistan to leverage the opportunities abound in all sectors of Nigeria to invest, as Nigeria was the best destination for investment in Africa.
He informed the Pakistani Minister of Commerce that there were avalanches of business opportunities in the Aviation Sector in Nigeria, emphasizing that the four international airports in Nigeria have been designated as Economic Free Trade Zones with all the advantages that goes with such designations.
Speaking at the occasion, the Director, Economic, Bilateral and Trade Relations of the Ministry of Foreign Affairs, Ambassador Bolaji Akinremi, urged both countries to set up a Joint Committee for the purpose of reviewing the subsisting Trade Agreements between them.
He equally urged Pakistan to sign the Investment Promotion and Protection Agreement (IPPA) and the Avoidance of Double Taxation (ADT) Agreement with Nigeria.
The Minister of Commerce of Pakistan noted the requests and promised to work with Nigeria in the three areas in order to enhance trade relations between the two countries.
Present at the meetings with the Honourable Minister of Aviation were the Nigerian High Commissioner to Pakistan, Ambassador Mohammed Bello Abioye; the Director General, Nigeria Civil Aviation Authority, Capt. Nuhu Musa; Rector, Nigerian College of Aviation Technology, Capt. Alkali Modibo; and Mr. Hassan Ejibunu, Director, Air Transport Management, Ministry of Aviation, Director, Bilateral Trade and Economic Relations, Ministry of Foreign Affairs, Bolaji Akinremi and the Director-General of the African Centre for Asian Studies, Robert Achanya