Nigeria, China trade volume hits $6.2bn in six months

OLUSEGUN AGANGA

Project Manager, Brightway International Exhibition Ltd, David Zhao, has said that the trade volume between Nigeria and China has increased by 18.6 percent with a total of 6.2 billion dollars in the first half of 2013 as against the 4.5 billion dollars in the corresponding period of 2012.

Zhao, who is coordinating companies for the Chinese exhibitors at the ongoing Lagos International Trade Fair, disclosed this to newsmen in Lagos.

He said that Nigeria is China’s second largest export market, in the world.

According to him, the complementary relationship between the economies of both countries had created cooperation that facilitated the boost in the trade volume.

Zhao said that Nigeria’s rapid economic growth has engendered considerable influence in Africa, adding that the bilateral agreements signed by Nigeria and China have led to a smooth and steady development in trade, agriculture, infrastructure construction and telecommunication in Nigeria.

He also noted that about 200 exhibitors were at the China Pavilion at the trade fair arena to showcase their products to prospective customers.

The China pavilion, according to him, had won several awards from the Lagos Chamber of Commerce and Industry (LCCI) and the organisers of the Trade Fair, since 2008.

Zhao further assured participants of cost-effective products ranging from machinery and vehicles, building materials, hard wares to household commodities.