The Joint Trade Committee (JTC) of India and Nigeria is set to meet in Abuja on May 3-30 to discuss bilateral trade and investment, with a focus on key sectors such as oil and gas, pharmaceuticals, and the digital economy, a PIB press release stated.
This will be the second session of the JTC, which was recently held in Abuja. The committee is co-chaired by the Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Nigeria, Ambassador Nura Abba Rimi, and the Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Shri AmardeepSingh Bhatia.
The JTC will also discuss the resolution of market access issues faced by both countries and promote cooperation in key sectors. The two sides have identified a number of areas where they are committed to finding solutions, including the establishment of a sustainable local currency settlement system to facilitate faster and more efficient transactions between the two currencies, the creation of a digital economy, and the strengthening of people-to-people relations.
The meeting is expected to be mutually beneficial for both countries by enhancing bilateral trade and investment ties and promoting economic cooperation. The government is committed to addressing the remaining challenges in bilateral trade and investment and ensuring a conducive environment for the growth of the economy in both nations.