RI-Nigeria To Strengthen Trade Cooperation

Abuja (Antara Bali) - Indonesian and Nigerian trade ministers with their respective delegation in a bilateral meeting in Abuja discussed the spirit of strengthening trade and investment cooperation between the two countries on Saturday.

During the meeting at Hilton Hotel, Indonesia Trade Minister Gita Wirjawan was accompanied by the Head of Investment Coordinating Board (BKPM) Muhammad Chatib Basri and several business makers.

While the Nigerian delegation was made up of the Trade and Investment Minister Olusegun Aganga Olutoyin and a number of businessmen and representatives of Chamber of Commerce and Industry.

Besides the cooperation, several other issues will also be discussed in the bilateral meeting.
Indonesia also encouraged Nigeria to freed the import ban on potential Indonesian products such as textiles and textile products, footwear, furniture, pharmaceuticals, and household items.

Indonesia's import rate of Nigeria increasing with the average growth per year reach 21 percent, but bilateral trade between Indonesia and Nigeria is deficit due to the value of mineral fuel imports reached 2.37 billion US dollars in 2012.

Besides mineral fuels, Indonesia also imports non-oil products to Nigeria such as cotton, aluminum tin black, red leather, paperboard, articles of wood, Machinery and mechanical appliances, coffee, tea, spices and soap and cleaning preparations. (*/DWA/T007)