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‘Volume of trade between Nigeria, China stood at US$7.5b in 2010’

 The volume of trade between China and Nigeria has risen from US$2.3 billion in 2007 to at least US$7.5 billion in 2010, according to China’s Consul-General in Lagos, Mr Guo Kun.

Mr. Guo told journalists in Lagos Tuesday that in spite of global economic meltdown, trade between the two countries remained favourable and promising.

“Sino-Nigeria diplomatic relations of over 40 years, has today, positively impacted thousands of lives in both countries. In 2010, the bilateral trade volume between us surpassed 7.5 billion dollars. It could best be described as a paragon of win-win model,’’ he said.

Mr. Guo said trade relations between both countries would be promoted in the areas of contract projects, free trade zone investment and cultural exchanges, and disclosed that investors in the two countries had already shown interest in the development of
Lekki and Ogun-Guangdong Free Trade Zones in the South-west region

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