• Short Summary

    Trade development was under consideration at two important meetings in Lusaka this week. At one,?

  • Description

    Trade development was under consideration at two important meetings in Lusaka this week. At one, Zambia and Nigeria signed a major new trade agreement. At the other, more than twenty African nations embarked on a three week course aimed at promoting trade on the continent.

    The Nigeria-Zambia agreement was signed on Thursday (21 November). Zambia Minister of Commerce Rajah Kunda said the accord would be the foundation upon which Zambia and Nigeria were going to establish their trading links.

    He said that the needs of the two countries were complimentary. Zambia wants Nigeria's oil, Nigeria needs Zambian copper.

    Existing trade agreements were on the course of study for the 20-nation commerce course, organised by the Economic Commission for Africa, which opened in Lusaka the previous day (20 November).

    Commerce Minister Kunda opened the conference with a warning that Africa can no longer afford to sit back and watch weaker and developing countries being bullied and intimidated economically by more powerful nations.

    SYNOPSIS: Trade has been the important topic in Lusaka during the past week. Twenty nations had representatives at a three-week course aimed at developing commerce throughout the continent which began on Wednesday.

    Zambian Commerce Minister Rajah Kunda told the opening session that Africa can no longer afford to sit back and watch the weaker, developing nations being bullied and intimidated economically by more powerful countries. Africa, he added, must respond to the challenge by organising herself and developing trade within her own boundaries.

    Delegates at the conference -- organised by the Economic Commission for Africa -- will be studying existing trade agreements, both multi-national and between two countries, in their efforts to find ways to secure the growth of African trade. Mr. Kunda told delegates that only through cooperation could Africa make an appreciable impact on world trade.

    Mr. Kunda's words were put into effect the following day, when he joined with Nigeria Trade Commissioner Wenike Briggs in signing an important new trade agreement between their two countries. This, said Mr. Kunda, would be the foundation on which their countries could build up their commercial links. Their needs were complimentary, in that Zambia wanted Nigerian oil, while Nigeria needed Zambian copper.

    Mr. Briggs said that African countries would never be completely liberated until they achieved full economic independence. He believed there was still plenty of opportunity for Zambia and Nigeria to develop their economic relations further.

  • Tags

  • Data

    Film ID:
    VLVA4KH4BYY7TQ67NEAAUF9HYSITO
    Media URN:
    VLVA4KH4BYY7TQ67NEAAUF9HYSITO
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    23/11/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:31:00
    Time in/Out:
    /
    Canister:
    N/A

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