A seven-member delegation from India held a Joint Trade Committee (JTC) meeting with their Nigerian counterparts in Abuja this week to review recent developments in bilateral trade and investment ties, the Ministry of Commerce & Industry said.

The delegation from India was led by Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Amardeep Singh Bhatia, accompanied by High Commissioner of India to Federal Republic of Nigeria, G Balasubramanian and Economic Adviser, Department of Commerce, Priya P Nair.

The JTC was co-chaired by the Permanent Secretary, Federal Ministry of Industry Trade and Investment, Nigeria, Ambassador Nura Abba Rimi; and Additional Secretary, Department of Commerce. 

Both sides identified several areas of focus for enhancing both bilateral trade as well as mutually beneficial investments.

These include resolving of market access issues of both sides, and cooperation in key sectors such as Crude oil and Natural Gas, Pharmaceuticals, Unified Payments Interface (UPI), Local Currency Settlement System, Power Sector and Renewable Energy, Agriculture & Food Processing, Education, Transport, Railway, Aviation, MSMEs and Development. Both sides agreed to the early conclusion of the Local Currency Settlement System Agreement to further strengthen bilateral economic ties.