Post by Trade Forum on Sept 16, 2023 20:43:22 GMT 1
Manufacturers Association Of Nigeria (MAN) Trains Exporters In AfCFTA - Exporting Under The AfCFTA
We asked an expert on African trade this question: As an expert on trade between African countries with special emphasis on AfCFTA, what do you consider to be the adverse effects of boarder closure by some countries like Nigeria on trade between African countries? His honest and unbiased answer is in this article.
The practical implementation of the African Continental Free Trade Area (AfCFTA) under the Guided Trade Initiative (GTI) started on July 25, 2022. The first exports under the GTI were made by businesses from seven countries and Nigeria was conspicuously absent:
Rwanda exported ceramic tiles to Kenya.
Cameroon exported batteries to Ghana.
Egypt exported tea to Tanzania.
Ghana exported coffee to Kenya.
Kenya exported processed meat products to Tanzania.
Mauritius exported corn starch to Rwanda.
Tanzania exported sugar to Kenya.
These exports were made under the supervision of the AfCFTA Secretariat, which helped to ensure that the goods met the required standards and that the necessary paperwork was completed. The GTI is a pilot program that is designed to test the operational, institutional, and legal frameworks for trade under the AfCFTA. It is expected to help to pave the way for the full implementation of the AfCFTA in the coming years.
In a recent report, The Manufacturers Association of Nigeria (MAN) through its Export Promotion Group (MANEG) has trained Nigerian exporters on how to harness the potential in the African Continental Free Trade Area (AfCFTA).
It built the capacity during a two-day training themed, ‘Exporting under the AfCFTA’, in Lagos, which was organized in collaboration with the secretariat of the National Action Committee on African Continental Free Trade.
MANEG’s acting Chairman, Odiri Erewa-Meggison, reiterated the organization’s commitment to tapping into the immense potential of the national economy by forging working partnerships with other industry stakeholders, and increasing the membership of the Association.
She explained that the training was an open call for current and prospective exporters, in a bid to improve non-oil export enterprise in the country.
The AfCFTA Guided Trade Initiative (GTI) is the latest development designed to boost trade in the Africa’s continent-via free trade zone. The GTI was launched in October 2022 with the aim of testing meaningful, continuous trade under AfCFTA and to assist in the development of regional value chains that will allow for more climate-friendly, sustainable trade across the continent.
The GTI will test AfCFTA’s policies, legal framework and operational and institutional environments. There are eight countries participating in the GTI that have all met the minimum requirements in terms of AfCTA’s tariff book and rules of origin – Cameroon, Egypt, Ghana, Kenya, Mauritius, Rwanda, Tanzania and Tunisia.
The GTI will allow the shipment of goods from these countries through customs clearance, including ceramic tiles, sisal fibre, batteries, and beverages and foodstuffs, including tea, coffee, processed meat products, corn starch, sugar, pasta, glucose syrup and dried fruits.
African countries receiving these goods will benefit from reduced tariff treatment (and possibly eventually from zero tariffs). The GTI will also focus on increasing opportunities for Small and Medium Enterprises (SMEs), youth and women in trade.
We asked an expert on African trade this question: As an expert on trade between African countries with special emphasis on AfCFTA, what do you consider to be the adverse effects of boarder closure by some countries like Nigeria?
And this is his answer: As an expert on trade between African countries, I believe that border closure is a major setback to the African Continental Free Trade Area (AfCFTA). The AfCFTA is a trade agreement that aims to create a single market for goods and services in Africa. It is the largest free trade area in the world by number of participating countries.
Border closure would have a number of adverse effects on the AfCFTA, including:
Increased prices for goods and services. When borders are closed, the movement of goods and services is restricted, which can lead to increased prices. This is because businesses will have to pay higher transportation costs to get goods and services to market.
Reduced competition, leading to lower quality goods and services. When there is less competition, businesses have less incentive to provide high-quality goods and services. This is because they know that consumers have fewer choices.
Job losses in the informal sector. The informal sector is a major source of employment in many African countries. Border closure can lead to job losses in this sector, as businesses are forced to close or scale back operations.
Increased smuggling and corruption. Border closure can create opportunities for smuggling and corruption. This is because it is difficult to monitor and control the movement of goods and services across borders.
Damage to the economies of neighboring countries. Border closure can damage the economies of neighboring countries. This is because it can disrupt supply chains and make it difficult for businesses to operate.
In conclusion, border closure is a major setback to the AfCFTA and has a number of adverse effects on the economies of African countries. It is important to find ways to mitigate these effects and ensure that the AfCFTA can achieve its full potential.
Here are some additional thoughts on the adverse effects of border closure:
It can lead to shortages of goods and services, as businesses are unable to get the supplies they need.
It can make it difficult for people to travel and do business, as they have to go through more bureaucratic procedures.
It can damage relations between countries, as they may see each other as being uncooperative.
Overall, border closure is a counterproductive measure that should be avoided. It is important to find ways to promote trade and cooperation between African countries, as this is essential for economic development.
Addendum:
Our company is one of the best companies in the Agro-Export business in Nigeria today. We train individuals and corporate organizations on how to do Export Business the right way; if you are interested, please contact the admin of this forum now for further details.
We asked an expert on African trade this question: As an expert on trade between African countries with special emphasis on AfCFTA, what do you consider to be the adverse effects of boarder closure by some countries like Nigeria on trade between African countries? His honest and unbiased answer is in this article.
The practical implementation of the African Continental Free Trade Area (AfCFTA) under the Guided Trade Initiative (GTI) started on July 25, 2022. The first exports under the GTI were made by businesses from seven countries and Nigeria was conspicuously absent:
Rwanda exported ceramic tiles to Kenya.
Cameroon exported batteries to Ghana.
Egypt exported tea to Tanzania.
Ghana exported coffee to Kenya.
Kenya exported processed meat products to Tanzania.
Mauritius exported corn starch to Rwanda.
Tanzania exported sugar to Kenya.
These exports were made under the supervision of the AfCFTA Secretariat, which helped to ensure that the goods met the required standards and that the necessary paperwork was completed. The GTI is a pilot program that is designed to test the operational, institutional, and legal frameworks for trade under the AfCFTA. It is expected to help to pave the way for the full implementation of the AfCFTA in the coming years.
In a recent report, The Manufacturers Association of Nigeria (MAN) through its Export Promotion Group (MANEG) has trained Nigerian exporters on how to harness the potential in the African Continental Free Trade Area (AfCFTA).
It built the capacity during a two-day training themed, ‘Exporting under the AfCFTA’, in Lagos, which was organized in collaboration with the secretariat of the National Action Committee on African Continental Free Trade.
MANEG’s acting Chairman, Odiri Erewa-Meggison, reiterated the organization’s commitment to tapping into the immense potential of the national economy by forging working partnerships with other industry stakeholders, and increasing the membership of the Association.
She explained that the training was an open call for current and prospective exporters, in a bid to improve non-oil export enterprise in the country.
The AfCFTA Guided Trade Initiative (GTI) is the latest development designed to boost trade in the Africa’s continent-via free trade zone. The GTI was launched in October 2022 with the aim of testing meaningful, continuous trade under AfCFTA and to assist in the development of regional value chains that will allow for more climate-friendly, sustainable trade across the continent.
The GTI will test AfCFTA’s policies, legal framework and operational and institutional environments. There are eight countries participating in the GTI that have all met the minimum requirements in terms of AfCTA’s tariff book and rules of origin – Cameroon, Egypt, Ghana, Kenya, Mauritius, Rwanda, Tanzania and Tunisia.
The GTI will allow the shipment of goods from these countries through customs clearance, including ceramic tiles, sisal fibre, batteries, and beverages and foodstuffs, including tea, coffee, processed meat products, corn starch, sugar, pasta, glucose syrup and dried fruits.
African countries receiving these goods will benefit from reduced tariff treatment (and possibly eventually from zero tariffs). The GTI will also focus on increasing opportunities for Small and Medium Enterprises (SMEs), youth and women in trade.
We asked an expert on African trade this question: As an expert on trade between African countries with special emphasis on AfCFTA, what do you consider to be the adverse effects of boarder closure by some countries like Nigeria?
And this is his answer: As an expert on trade between African countries, I believe that border closure is a major setback to the African Continental Free Trade Area (AfCFTA). The AfCFTA is a trade agreement that aims to create a single market for goods and services in Africa. It is the largest free trade area in the world by number of participating countries.
Border closure would have a number of adverse effects on the AfCFTA, including:
Increased prices for goods and services. When borders are closed, the movement of goods and services is restricted, which can lead to increased prices. This is because businesses will have to pay higher transportation costs to get goods and services to market.
Reduced competition, leading to lower quality goods and services. When there is less competition, businesses have less incentive to provide high-quality goods and services. This is because they know that consumers have fewer choices.
Job losses in the informal sector. The informal sector is a major source of employment in many African countries. Border closure can lead to job losses in this sector, as businesses are forced to close or scale back operations.
Increased smuggling and corruption. Border closure can create opportunities for smuggling and corruption. This is because it is difficult to monitor and control the movement of goods and services across borders.
Damage to the economies of neighboring countries. Border closure can damage the economies of neighboring countries. This is because it can disrupt supply chains and make it difficult for businesses to operate.
In conclusion, border closure is a major setback to the AfCFTA and has a number of adverse effects on the economies of African countries. It is important to find ways to mitigate these effects and ensure that the AfCFTA can achieve its full potential.
Here are some additional thoughts on the adverse effects of border closure:
It can lead to shortages of goods and services, as businesses are unable to get the supplies they need.
It can make it difficult for people to travel and do business, as they have to go through more bureaucratic procedures.
It can damage relations between countries, as they may see each other as being uncooperative.
Overall, border closure is a counterproductive measure that should be avoided. It is important to find ways to promote trade and cooperation between African countries, as this is essential for economic development.
Addendum:
Our company is one of the best companies in the Agro-Export business in Nigeria today. We train individuals and corporate organizations on how to do Export Business the right way; if you are interested, please contact the admin of this forum now for further details.
