Abuja - The Speaker of the House of
Representatives, Yakubu Dogara, has assured Korea of the administration’s
resolve to implement the Double Taxation Avoidance Agreement Bill to enhance
trade relations between the countries.
He said this was part of efforts by government to
domesticate all pending treaties, memoranda of understanding and agreements.
He assured the delegation, led by the South Korea
Ambassador to Nigeria, Noh Kyu-duk, paid him a courtesy visit at the National
Assembly in Abuja.
“It is the commitment of the 8th National Assembly that
all agreements entered into by past governments, once they will subsist to
benefit of the populace, that we will not hesitate to pass them.
"I admire the speed at which you translated your own
side of the agreement, I know that Nigerians doing business there have already
started benefiting from it while we have not started on our own side,"
He added that the overseeing domestication of
agreements and treaties would do everything possible within the ambit of the
law and standing orders of the House to ensure that the law was domesticated
and that Nigeria reciprocated Korea's kind gesture.
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believe in maintaining a very friendly relationship with Korea, there's a lot
Nigeria can gain from learning from your commitment," Dogara stated.
He thanked the Asian the country for its interest in
Nigeria's economy and plans to invest in the agro-allied sector.
The Speaker also urged the delegation to consider key
areas of power, solid minerals and tourism.
"Of particular interest to us now is diversification
of the economy, solid minerals that litter the country and power because
without power, I don't think we can make progress. Tourism to an extent because
we have vast tourism sites," Dogara said.
Earlier, Kyu-duk appealed to the Speaker to ensure that
the Double Taxation Avoidance Bill was passed before the end of the year.
He said also called for the establishment of
parliamentary friendship groups between Nigeria and South Korea.
- CAJ News