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Nigeria seeks bilateral economic commission with Mexico
01-08-2012

Nigeria and Mexico have signed a memorandum of Understanding for regular dialogue on bilateral, regional and global issues of common interest.

The Minister of Foreign Affairs, Olugbenga Ashiru, maintained that in the present drive for investment in the thriving non-oil sector, the form of economic cooperation envisaged would “usher in various opportunities for the procurement by Nigeria and Nigerian interests, of Mexican agricultural machinery to boost the food security needs of the country”

The joint economic commission, it was further learnt, had become imperative because the experts on the Nigerian side of the table see the country’s comparative advantage embedded in the American country’s interest in the high quality animal skin export among others.

On the occasion in Abuja, the Mexican Ambassador to Nigeria, Marco Antonio Blanco expressed optimism that the MOU would assist both countries to deepen their mutual relations.

He said as a friendly country, Mexico believes that the philosophy of dialogue and negotiations play a crucial role in amicable settlement of conflicts.

Responding, Minister of Foreign Affairs, represented by the Director of Regions in the Ministry, Ambassador Bakun-Olu Onemola said as developing countries, Nigeria and Mexico share similar developmental challenges.

 

He stated that the signing of the MOU would enable both countries to share information on how to ensure economic and political stability in the face of common diplomatic challenges.

Ambassador Onemola urged the Mexican authority to consider the proposal for the establishment of a bilateral joint economic commission proposed during the administration of President Olusegun Obasanjo.

Nigeria and Mexico, both classified as developing countries, face similar developmental challenges, but possessing potential for investments.