Home Business Abuja, Baoji chambers of commerce sign economic integration MOU
Abuja, Baoji chambers of commerce sign economic integration MOU

Abuja, Baoji chambers of commerce sign economic integration MOU

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As a deliberate step towards deepening economic integration and get involved in mutually benefitting business activities, the Abuja Chamber of Commerce and Industry (ACCI) and the Baoji branch of the China Council for the Promotion of International Trade (CCPIT) chamber of Commerce in Southern city of the country have signed a Memorandum Of Understanding (MOU).

The ceremony was performed at the luxurious Crowns Plaza hotel in Baoji city in the economically powerful Asian country.

According to the ACCI staff who endorsed the MOU, Mr. Lubem Gena, the aim of the agreement was to ensure that both chambers trade together and engage in other similar business activities that would bring shared prosperity to them.

The MOU is based on the basis of equality and it was signed by Vice President of Baoji chamber of commerce, Mr. Ge Wei.

Lubem told Chamber Telegraph in a telephone conversation from China that the initiative has marked a good cooperation platform and exchange channels for export-oriented enterprises.

In his words: “Both parties agreed to reach the agreement on economic cooperation, trade in import and export training in foreign trade regulations, information exchange and so on.

“We are to strengthen the trade between enterprises from the two parties. Every year, both sides organize bilateral foreign trade enterprises to participate in each other’s sourcing fair and move a step further to provide a food platform for exchanges and negotiations.

“We are endorse to strengthen the economic cooperation between the two parties. Every year, both sides organize bilateral export-oriented enterprises to study and recommend related projects, discuss and cooperate in the processing on order and overseas factories investment.

“Accordingly, the MOU provided a clause to strengthen the exchange of bilateral international chambers of commerce. Every year, exchange the trade and foreign-related projects I formation on a regular basis and also provide information services for both parties.

“To strengthen the training in foreign trade laws and regulations. Every year, the two parties exchange foreign trade experts to bilateral foreign trade enterprises for training in foreign trade regulations in order to promote foreign trade regulations. This is aimed at promoting foreign trade enterprises and abide by the laws and avoid trade risks”.

This MOU signing was part of activities to mark this year’s two-week long seminar for countries in the Belt and Road routes of China organized by the CCPIT.

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