Federal government and the Netherlands have agreed to modernize existing bilateral investment treaties to further deepen relations amongst the two countries.
Tops on the agenda of the Nigeria-Netherlands Economic Consultation are Trade, Investment and Development, Agriculture, Economy and Renewable Energy among other areas like Oil and Gas, Special Economic Zones, African Continental Free Trade Area, Economic Community of West African States and Trade facilitation in Western Africa, Science, Technology and Innovations Education and Health.
Speaking at the opening of the Economic Consultation in Abuja, the Permanent Secretary, Ministry of Foreign Affairs, Mr Adamu Lamuwa, said discussions will also be opened for the establishment of a joint Bi-national Commission that will further consolidate and boost relations between the two countries.
Mr Lamuwa, who was represented by the Director, Trade and Economic Relations in the Ministry, Mr Bolaji Yusuf, described the economic consultation as timely saying that rebuilding the nation’s economy is the focus of the present administration especially as Nigeria-Netherlands economies are strongly connected through a multitude of trade and investment relations.
The Vice-Minister for Foreign Trade of the Netherlands, Miss Hanneke Schuiling, said, strengthening the bilateral economic relationship with Nigeria, as its fifth trading partner in Africa is of great importance.
According to Miss Schuiling, updating and modernizing the investment agreement between both countries will create a more stable and predictable investment environment.
The Nigeria Ambassador to the Netherlands, Dr. Eniola Ayayi, Heads of Agencies and parastatals, present at the meeting including the Director General of Nigeria Maritime and Safety Agency, Dr Bashir Jamoh, spoke on how their agency can partner the Netherlands to foster the much needed growth and development of both countries.
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