VOLUME 3 ISSUE 4

Export News:

Government Plans

Laboratory to Reduce

Agric Exports’ Rejection

- 1 & 2

Export Programme:

Structuring and

Selling and More

- 2

Export Education:

The Real Sector of

The Nigerian Economy

is Under Covert Threat

and More - 3

Export Training Products:

ABC of Export(CD)

and More - 3

Export Miscellaneous:

Commodity Prices,

Infographs and More

- 3 & 4

INS

IDE

TH

IS IS

SU

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Top NewsAIES Approves 3T Impex as Its Center for Trade Education in Nigeria

Government’s New Import, Export Guideline to Increase Cost, Delay at Ports

FG to Commence Implementation of Revised Export, Import Guidelines from January

Government Plans Laboratory to Reduce Agric Exports’ Rejection

FG to Automate Goods Inspection to Reduce Export Rejections

Farmers to get Simpler Export Regulations

on the economy.

National President, National Council of Managing Directors of Licensed Customs Agents, Lucky Amiwero, told The Guardian yesterday that pallets, creates and loose dunnage are extra cost to shipper that do not require pallet, create and loose dunnage in their shipment.

The procedure, he said, would create new cost, delay shipment and discourage shipment into Nigerian Ports. He also noted that the mandatory enforcement of palletized goods in containers, would reduce the normal shipment into container and increase the number of Containers for each shipment, due to the space the pallet will occupy, which will lead to increase of more containers for shipment.

Excerpt: The Guardian

The federal government yesterday disclosed that it would commence the enforcement of the revised export and import guidelines from January 1, 2018.

The American Institute of Extended Studies (AIES) has Approved 3T Impex Trade Academy as its Center for Trade Education in Nigeria and is expected to run the following education programmes: Executive Diploma in Export Business Management and Executive Diploma in Export Trade Finance Having demonstrated compliance with AIES approval criteria, the a center has been approved to commence operation from December, 1 2017 and provide educational programme within the approved scope in Nigeria. In the certificate of approval issued to 3T Impex, AIES confirmed that 3T Impex has demonstrated it competence to provide education programme relating to international trade and finance in Nigeria.The Lead Consultant at 3T Impex, Mr Bamidele Ayemibo in his remark stated that, this center for trade education, is first of its kind in Africa and also reiterated that this is very much in line with the vision of the academy which is the promotion of international trade education in Africa.These Executive Diploma programmes in international trade have been designed as professional qualification to recognize the

AIES Approved 3T Impex as its Center

for Trade Educationin Nigeria

competence of international trade and finance practitioners. It also enables student to demonstrate practical knowledge and understanding of complex issues relating to international trade product.It is ideal for people who are new to export business as well as experienced staff of companies already involved in international trade. it is also targeted at staff of banks in units like trade operations, trade finance, risk management and relationship managers.The basic objective of this course is to provide the country and by extension the African continent with a steady stream of competent men and women with necessary knowledge, skills and foundation for acquiring a wide range of rewarding career in a rapidly expanding world of import-export management.It is also designed to provide all the knowledge and tools necessary to manage all the technical aspect relating to foreign trade businesses, operations and financing.

Excerpt: www.tradeinfong.com

The recent import and export guidelines rolled out by the Federal Government would increase cost and cargo delays at the ports, say clearing agents.

The Minister of Finance, Mrs. Kemi Adeosun, had last week announced among other things that “Shipping lines shall ensure that Nigeria-bound containerised cargo are palletized,” but the clearing agents rather see this as having negative implications

Government’s New Import,Export Guideline toIncrease Cost, Delay

at Ports FG to CommenceImplementation of RevisedExport, Import Guidelines

from January

VOLUME 3 ISSUE 4Page 2.

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rate of Nigerian produce was embarrassing to the government.

Excerpt: The Punch

The Federal Government has said the automation of produce and goods inspection is one sure way of reducing the rejection of exports from Nigeria in the international market. Speaking at the 31st Conference of Directors of Produce Inspection Services in Lagos, recently, the Director of Commodities and Products Inspectorate of the Federal Ministry of Industry, Trade and Investment, Mrs. Omololu Opeewe, stressed that scientific produce inspection had been identified as a major criterion for high quality produce to guarantee enhanced access of several Nigerian exportable agricultural produce to the international market.Mrs. Opeewe said the rejection of Nigeria's agro export in the international market; especially the EU; had had a very negative impact on the perception of the country overseas.To reverse this trend, the director revealed that the Federal Produce Inspection Service (FPIS) was set to establish a world class laboratory that would have the capacity to test for Aflatoxins contamination, moisture content and some microbiology parametres necessary for our produce going out of the country.

Excerpt: The Daily Trust

The Australian Legislation is to simplify rules for farmers who export produce overseas has been introduced to the upper house.Farmers exporting produce overseas will do so under streamlined rules aimed to replace a "complex web of regulation".Agriculture Minister Barnaby Joyce said legislation introduced to the Senate on Thursday would replace 17 acts and more than 40 legislative instruments currently in place for international exports."We need something more coherent in place so that the rules for exporting are simpler and easier to understand and comply with," Mr Joyce said in a statement.

Excerpt: SBS News

The Minister of Finance, Mrs. Kemi Adeosun stated this in her keynote address at a sensitization workshop on “Understanding the Nigerian 2017 Revised Export and Import Guidelines, Procedures and Documentation Requirements,” that took place in Lagos.

The minister, who was represented by the Director, Home Finance, at the Ministry of Finance, Mrs. Olubunmi Siyanbola, however, pointed out that goods already loaded for shipment to Nigeria prior to the implementation date would not be affected by the palletisation policy.

“The list of categories of goods that may be exempted from palletisation, where it is absolutely necessary will be placed on the website of the Federal Ministry of Finance and the Nigeria Customs Service shortly,” she explained.

According to the minister, the workshop was essential because stakeholders, especially those directly involved in the export and import value chains, needed to have adequate understanding of the guidelines for ease of compliance..

Excerpt; Thisday

The Federal Government is planning to set up a world-class laboratory that will have the capacity to test for Aflatoxins contamination, moisture content and some microbiology parameters necessary for agricultural produce to be exported out of the country.

The move is part of measures to reduce the rejection rate of products exported from Nigeria to other countries.

The European Union had put a ban on the exportation of some Nigerian agricultural products due to non-compliance with standards.

The products include beans, sesame seeds, melon seeds, dried fish and meat, peanutchips and palm oil.

Speaking at the opening session of the 31st conference of Directors of Produce Inspection Services, the Director, Commodities and Products Inspectorate, Federal Ministry of Industry, Trade and Investment, Mrs. Omololu Opeewe, said the rejection

OTHERHEADLINES

Australian Trade Surplus Hit

by Iron Ore Export Slump

- ABC News Australia

Indian Exporters Get Further Boost

- The Dailystar

Canada’s Export Sector Shows Sign

of Life, Trade Deficit Shrinks

- BNN Canada

PWC Builds First Data Academy,

Plans Labour Export

Government PlansLaboratory to Reduce

Agric Exports’Rejection

FG to Automate GoodsInspection to Reduce

Export Rejection

Farmers to get SimplerExport Regulations

Page 3. VOLUME 3 ISSUE 4

very effective to get this done is Tariff, Tax holidays, VAT exemption, Import Origin Quota etc.It is my firm belief that if these tools are dynamically and strategically deployed, then we can effectively avert the likely doom that could “bedevil” the Real Sector of the Nigerian economy very soon. However, if we continue on the current path of unabated increase in the dependence of the critical sector of our economy on importation from China (or any other country), then we may be in for a very hard time if this risk crystallises.

hand but rather put processes and system in place to mitigate this before it becomes too late. Some of the things the government can do is to first commence sensitisation among the players in the concerned sector of economy to let them know the implication of what they are doing to their business and the economy in general. In addition to this, the government can use some of the tools at his disposal to discourage over reliance on China and encourage the purchase of similar products from other parts of the world. Some of the government tools that can be

The implication of over reliance of the manufacturing sector of the Nigerian economy on a single country is far reaching. An adverse situation in the politics and economics of China might mean a decline in the importation of raw materials and spare parts. This might consequently leads to the reduction in product output and thus leading to a decline in income and profitability of such organisation. The result of all these is retrenchment of workers and increased unemployment in the country. A government that is forward thinking will not wait until things get out of

Export TrainingProducts

ExportMiscellaneous:

EXPORT ORDERS

LOCAL ORDERS

COMMODITY PRICES (LONDON METAL EXCHANGE AND BLOOMBERG)

S/N

S/N

S/N

PRODUCT

COMMODITY

SPECIFICATION

PRICES

MINIMUM SHIPMENT

UNIT OF MEASUREMENT

1.

2.

3.

1.

2.

3.

1.

2.

3.

4.

5.

6.

7.

PRODUCT SPECIFICATION PAYMENT MONTHLY VOLUME

Zinc Ore Purity 35% 60MT Per Month

120MT Per Month

60MT Per Month

121MT Per Month

60MT Per Month

122MT Per Month

Purity 60%

Purity 30%Lead Ore

Lead Oxide

Zinc Ore

Lead Ore

Lead Oxide

Purity 35%

Purity 60%

Purity 30%Bank Guarantee

Bank Guarantee

Bank Guarantee

Lead Metric Tonne

Zinc

Cocoa Beans

Copper

Tin

Alluminium Bushel

Cotton Pounds

Metric Tonne

Metric Tonne

Metric Tonne

Metric Tonne

USD 2,431.0

USD 1,899.00

USD 2,098.00

USD 6,564.00

USD 19,425.00

USD 2,010.00

USD 74.07

Cont'd from previous issue

The Real Sector

of the Nigerian Economy

is Under Covert Threat

Title:

ABC of Export (CD)

Speaker: Bamidele Ayemibo

Price: N 5,000

Title:

A-Z of Export Business

Financing

Speaker: Bamidele Ayemibo

Price: N 10,000

EXPORT NIGERIA CAMPAIGN

tradeacademy@3timpex.com08091244449 www.3timpex.com www.tradeinfong.com

...raising legion of exporters

Targets:

export seminar for religiousFREEorganizations, clubs, cooperative associations, etcObjective:educate, enlighten, empower thepublic and create employment

Page 4. VOLUME 3 ISSUE 4

Infographics