Sunday, May 26
Law

India and Nigeria plan to create a settlement system in national currencies

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India and Nigeria have agreed to create a settlement system in national currencies, according to ANI, a partner of the TV BRICS network. This decision was made at the second session of the Joint Trade Committee of the two countries, held in Abuja, Nigeria.

Representatives of the two states have identified several areas for both bilateral trade and mutually beneficial investments. These include addressing market access issues and cooperation in key sectors such as pharmaceuticals, digital economy, energy, agriculture, food processing, education, transport, railways, aviation, and international health regulations.
“Both sides agreed to conclude an agreement on a settlement system in national currencies as soon as possible to further strengthen bilateral economic ties,” the Indian Ministry of Commerce said in a statement.
Nigeria is India’s second largest trading partner on the African continent. The trade turnover between the countries in 2022-2023 amounted to 11.8 billion US dollars (1.08 trillion rubles). There are about 135 Indian companies operating in Nigeria with a total investment of 27 billion US dollars (2.5 trillion rubles).

Источник

https://tvbrics.com/news/indiya-i-nigeriya-planiruyut-sozdat-sistemu-raschetov-v-natsionalnykh-valyutakh/

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