Showing posts with label Indian. Show all posts
Showing posts with label Indian. Show all posts

Thursday, 11 September 2014

Lack of investment protection treaty threatens India, Nigeria trade relations

Indian High Commissioner to Nigeria, Rangaiah Ghanashyam has decried the lack of multiple taxation avoidance treaty and investment protection agreement between Nigeria and India.
naira-Dollar
He made this known while speaking as a guest at the inaugural edition of Diplomat Dialogue Series, a think-tank initiative by the Nigeria Leadership Initiative, NLI in Lagos.
He said that putting such diplomatic trade instruments in place will facilitate increased trade ties between the two countries.
He said since Nigeria established bilateral relations with India in 1958, it has risen to become the largest trading partner with Nigeria yet the relationship is hampered by lack of such basic protection instruments including lack of direct flight from Nigeria to India.
Ghanashyama also disclosed that