The Turkish Exporters Assembly on Wednesday expressed optimism that trade transactions between Turkey and Nigeria would reach about N360bn in the short-term by 2020.
The Assembly’s International Trade Manager, Mr. Abdullah Keskin, told the News Agency of Nigeria in Lagos that Turkey would, within the period, increase her trade relations with Nigeria.
Keskin, who led a Turkish Trade Delegation to Lagos, said that the delegation was visiting to promote stronger economic ties with Nigeria, as well as diversify its investment in Nigeria.
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“Nigeria is one of Turkey’s very important trade partners in West Africa.
“Turkey’s trade volume with Nigeria currently amounts to nearly about 25 per cent of Turkey’s total trade with countries in the ECOWAS sub-region.
“In 2017, trade volume between our two countries was about $490m. Our bilateral trade has not been as expected in the previous years.
“We really want to see more trade transaction between our two countries. We are, therefore, hopeful that our trade volume will climb to about one billion US dollars in the short-term by 2020,’’ he said.
He said that a Memorandum of Understanding would be signed between the Turkish Exporters Assembly and the Lagos State Chamber of Commerce and Industry to enhance existing trade relations between Nigeria and Turkey.