FIRST USA-NIGERIA BUSINESS FORUM TO HOLD IN FEBRUARY.
Nigeria’s Federal Ministry of Commerce and Industry in collaboration with the United States Trade Representative is set to hold the “1st USA-Nigeria Business Forum,” from 15th – 23rd February 2010.
The Business Forum is scheduled to take place in three major commercial cities in America namely: Atlanta, Georgia from the 15th – 16th, Houston Texas from the 18th – 19th and Chicago, Illinois from the 22nd – 23rd of February 2010.
The Forum is organized to facilitate business and investment relations between prospective American investors and their Nigerian Counterparts. During the business forum, there will be business talks on one - to - one basis between Nigerian investors and their American counterparts.
The Forum will bring together more than 50 corporate executives and senior policy makers from Nigeria, and senior policy makers, CEOs of Major U.S Corporations as well as International Investment Banks, to explore opportunities for bi-lateral investment in 14 key sectors. The sectors include Tourism/Hospitality, Power and Energy, Solid Minerals/Mining, ICT/Telecoms, Aviation/Transport, and SME Development.
Others are Banking and Finance, Infrastructure/Construction, Agriculture/Agric Business, Health/Pharmaceuticals, Oil and Gas, Marine/Port Development, Environment and Insurance.
The objective of the Forum is to facilitate and expedite commitment to ensuring greater trade and investment relations between the two countries. The forum is also designed to bring key Nigeria corporate leaders and sector policy makers together with their counterparts in the US A with a view to advancing mutual areas of interest. This Forum will among others:
Nigeria is the United States' largest trading partner in sub-Saharan Africa. In March 2009, the United States and Nigerian officials held their sixth meeting under the U.S.-Nigeria Trade and Investment Framework Agreement (TIFA), which was signed in 2000.
The U.S.-Nigeria TIFA is part of a comprehensive U.S. effort to support the Nigerian Government's efforts to advance trade and economic development. During that meeting, both sides discussed several common objectives, including cooperation in the World Trade Organization (WTO), implementation of the African Growth and Opportunity Act (AGOA), market access, intellectual property rights and improving the bilateral investment climate between the United States and Nigeria.
Another significant outcome of the meeting was an agreement by both countries to organize an investment forum in America. The objective of such a forum was to create a platform of opportunity for U.S and Nigerian business people to connect and form the relationships necessary for prudent, profitable business.
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