BREAKING: Nigeria, Mexico Launch Chamber to Boost $1.5bn Trade Opportunities

The Mexican embassy in Nigeria on Tuesday inaugurated the Nigeria-Mexico Chamber of Commerce and its new Board of Directors to boost trade relations between the two countries.

 

Ambassador Alfredo Miranda, Ambassador of Mexico to Nigeria, during the ceremony in Abuja described NMCC as a new chapter in the economic, cultural and strategic relations between the two nations.

 

He stated that NMCC would bridge businesses, ideas, innovation and opportunities between Nigeria and Mexico, as two countries rich in heritage, resilient in spirit and bold in ambition.

 

According to him, the NMCC will serve as a catalyst and provide critical support to businesses from both countries, promote trade and investment, offer market intelligence and foster mutual understanding.

 

“This is the moment we are certain to work, create new narrative and show to people that together Nigeria and Mexico are big power houses.

 

“The two countries do wonderful work for their continents. We have to continue working in trade, this is why it is important to focus on these strategic areas and see the capacity of some countries.

 

“I believe that in the future, we will have more positive figures than what we have just done,” Miranda said.

 

Speaking at the event, the Minister of Foreign Affairs, Amb. Yusuf Tuggar, underscored the need for both countries to strengthen their bilateral ties to harness economic potential.

 

Tuggar was represented by Amb. Anderson Madubuike, Director, Economic, Trade and Investment Department of the ministry.

 

“There are so much that the two countries can do in advancing global economy, good enough this NMCC has come at an auspicious moment.

 

“By talking about globalisation, we are saying African countries must come together to take their rightful places in the comity of nations,” Tuggar said.

 

Also speaking, the Minister of Livestock and Rural Development, Mr Idi Mukhtar, promised to open new-vista for agriculture through investments in production of red meat, animal disease management and processing of dairy.

 

”Nigeria today imports not less than 1.5 billion dollars of dairy products, we are hoping to upscale operations of the red meat industries, create opportunities and competition at the international market.

 

“So, the ministry is open to investment and this is where we have been able to send message to all captains of industry and the newly created NMCC,” he said.

 

For her part, the President of NMCC, Arim Pete, said that the event marked a new era for the chamber to be built on trust, opportunity and vision.

 

According to her, Mexico is not just a regional powerhouse, it is the 12th largest economy in the world with a Gross Domestic Product of 1.8 trillion dollars.

 

Pete said: “We are going to focus on trade with Nigeria as our primary focus. Times have changed and the rules of trade have also been rewritten.

 

“So it is a good time for NMCC because there are so many opportunities across both countries. Our economies are so complementary, it is for us to now start the initiative.”

 

The event attracted the President of the Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture, Dele Oye, representatives of the Nigeria trade chambers. diplomats and leaders of the private sector.

 

NMCC was established in 2014 to promote bilateral trade and investment, support businesses in navigating regulatory landscapes and foster collaborations that generate jobs, technology and knowledge.

 

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