China begins exporting used cars to Nigeria and other countriesKehinde LAWAL
The Chinese Ministry of Commerce has said that it has commenced the export of used cars to Africa, Asia and Europe, with Nigeria as one of the major destinations for the first batch of 300 cars.
Export China’s Ministry of Commerce stated that it is an important move geared towards deepening implementation of the Belt and Road Initiative (BRI) and promoting the stable growth of foreign trade.
It said that the first batch of the 300 exported used cars, with a total value of $2.5 million, comprised Land Rover, Toyota, Hyundai, Volkswagen, Trumpchi, King Long, Yutong, Zhongtong and WOHO brands and they are being taken to destinations that include the Lagos port (Nigeria), Sihanoukville Autonomous port (Cambodia), Rangoon Port (Myanmar) and Vorsino and Saint-Petersburg ports (Russia).
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