Ecuador to Partner Nigeria on Trade Expansion

A Volkswagen AG Jetta is driven off a ship at the Georgia Ports Authority Colonel's Island auto import and export terminal in Brunswick, Georgia. Photographer: Stephen MortonA Volkswagen AG Jetta is driven off a ship at the Georgia Ports Authority Colonel's Island auto import and export terminal in Brunswick, Georgia. Photographer: Stephen Morton
  • Ecuador to Partner Nigeria on Trade Expansion

The Ambassador of Ecuador to Nigeria, Leopoldo Rovayo Verdesoto has pledged his commitment to boosting trade between Nigeria and his country with a view to improving the economic benefits of both countries.

He stated his when he led a delegation of embassy staff to the Port Harcourt Chamber of Commerce Industry Mines and Agriculture (PHCCIMA).

He added that he was hopeful of expanding new business frontiers and forging mutually beneficial partnership with the Chamber to promote Ecuadorian business interest in the state and region.

Verdesoto commended PHCCIMA’s effort at providing significant support to businesses and contributing to stimulating the local economy, which according to him, fall within the statutory objective of the Chamber.

He said PHCCIMA is strategic to his pursuit of healthy partnership as a chamber that has consistently maintained growth as the second largest and most active Chamber of Commerce in Nigeria.

Ecuador, according to him, has a lot of prospects, which have been enhanced with government’s effort to promote public policies focused on knowledge and innovation, diversification, partnerships, security and incentives for foreign public-private investments among others.

According to the Ecuadorian envoy, “We are interested in export/import from both countries in products like shrimps, tuna fish, straw hats, palm heats, all varieties of coffee, prawns even in the area of partnering to tap from the huge value chain in cocoa production, and chocolates which Ecuador is well-known for- as well as other products that can interest the state and Nigeria as a whole.

Verdesoto said the delegation had earlier visited Kano Chamber of Commerce, noting that Port Harcourt was the second visit aimed at deepening Ecuador/Nigeria business relationship, showcasing investment opportunities in Ecuador, and highlighting opportunities and policies put in place by the Ecuadorian government for smooth running of businesses for investors and the Chamber.

“Let me tell you a secret you don’t know, the hairs imported through the Panama canal is gotten from Ecuador, but because it is transported through the Panama canal, it is brandished Panama hair. Basically we can directly have an arrangement and collaboration to supply this hair in Nigeria because we are here to build bridges and partnerships and connect Ecuador to Nigerian businesses, “he added.

Receiving the Ambassador of Ecuador and his delegation, President of Port Harcourt Chamber of the Commerce, Dr. Emi Membere-Otaji expressed gratitude for forging a relationship and creating awareness about Ecuadorian investment opportunities and partnerships.

Membere-Otaji said it was evident that the Chamber has built significant reputation in partnerships even as she has the requisite knowledge, expertise and experience needed in virtually all areas of human endeavor.

He added that the chamber was committed to partnering with Ecuadorian investors in key areas that will be of mutual benefit.

”In PHCCIMA, our major objective is to ensure that businesses thrive and to create opportunities; we have listened to you, I want to assure you we will take this message to our members and begin to peruse into potent areas we can partner and invest. My distinguished Ambassador, you have come to the main stay of investors in the country, apart from being the capital of oil and gas, Port Harcourt is the commercial nerve centre for a variety of businesses, so this is home to businesses and we will partner with you and ensure we further strengthen the ties, ”he said.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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