Tuesday, November 28, 2006

Nigeria Trade with Brazil now a record $4.9bn

Total volume of exports from Nigeria to Brazil last year amounted to $4.9 billion, Nigerian envoy to South America, Mr Kayode Garrick, said yestterday in Abuja.
Garrick, who also holds a concurrent accreditation to Paraguay and Bolivia, said within the period under review, Brazil exported goods and services amounting to about $900 million to Nigeria.

He said this in an interview at the on-going maiden Africa-South America summit, adding that this year, we hope to surpass that target.''
He said trade relations, especially between Brazil and Nigeria had been impressive.

Garrick said the summit would further strengthen existing relations between Africa and Nigeria in particular, with South America.
He said: “in the area of energy for example, Brazil has developed its bio-fossils and the use of ethanol as an alternative to fuel. This is the kind of diversification Nigeria could learn from.”

Paraguay has also recorded some strides in education, agriculture and bio-fossils. We share similar vegetation and climate.
The summit of African Union (AU) nations and the Community of South American Nations (CASA), Garrick noted, would endorse and implement commitment and realisation of what the South-south partnership had worked for over the years, to provide the regions with a platform for wider and more frequent consultations in the face of globalisation.

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