VOLUME 3 ISSUE 12

Export News:

3T Impex Commences

Lecture for Diploma In

Export Programme in

Nigeria

- 1

Export Programme:

Export Business

Clinic and More

- 2

Export Education:

The Challenges of AGOA

and the Way Forward

and More - 3

Export Training Products:

A-Z of Export Business

Financing and More

- 3

Export Miscellaneous:

Commodity Prices,

Infographs and Lots

More

- 3 & 4

Economic Recovery Growth Plan (ERGP), Executive Orders 001 and 003.The Minister of State, Federal Ministry of Industry, Trade and Investment, Aisha Abubakar, explained that other countries have adopted such measures to protect their domestic market, saying that the planned introduction of PAM is part of the measures being adopted by SON to guarantee the quality of products on sale in the Nigerian market.Abubakar stated this during a stakeholders' meeting organised by SON to introduce PAM to members of t h e O r g a n i s e d P r i v a t e S e c t o r ( O P S ) .“We shall continue to provide the necessary support needed for parastatals under our supervision to ensure their effective delivery of their mandate to Nigerians in furtherance of ERGP,” she said.Excerpt: Thisday

Nigeria and India would mark 60 years of diplomatic relations in 2018 since the establishment of such relations in 1958.Indian High Commissioner to Nigeria, Mr Nagabhushana Reddy, said this at an event to mark the 69th Republic Day of India on Friday in Abuja.

or subsidiaries, they have enough highly skilled professionals in Nigeria to be able to take up the job of managing the export businesses. Part of the participants at the first lecture on Saturday include: staff of large corporation producers of FMCG and some commercial banks .The Lead Consultant of 3T Impex is optimitic that this programme will not just contribute to the knowledge base of export in nigeria, but also contribute to the growth of export business, export funding, export volume and ultimately impact on the Gross Domestic Products (GDP) of Nigeria and Africa at large.

The Federal Ministry of Industry, Trade and Investment has thrown its weight behind the Standards Organisation of Nigeria (SON) to introduce its Product Authentication Mark (PAM), noting that the move by the agency is germane to actualizing the federal government's diversification efforts towards increasing patronage of made-in-Nigeria goods and services as captured in the

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Top News3T Impex Commences Lecture for Diploma in Export Programmes in Nigeria

FG Backs SON on Introduction of PAM

India, Nigeria to Mark 60 Years of Relations as Trade Hits $9.4bn in 2017

NEPC Mulls Malaysian Model to Support Exports

Lekki Port Begins Construction of $1.5 Billion Facility

Gepa Targets $250m Cashew Export Earnings

3T Impex Trade Academy had the inaugural lecture for the participants of both the Executive Diploma in Export Business Management and Export Business Finance in Lagos over weekend at the 3T Impex Trade Center in Lagos.3T Impex Commenced Lecture on Diploma In Export Programmes in Nigeria3T Impex Trade Academy had the inaugural lecture for the participants of both the Executive Diploma in Export Business Management and Export Business Finance in Lagos over weekend at the 3T Impex Trade Center in Lagos.This programme is designed to equip professionals in International Trade within the Banking, FMCG and Manufacturing sectors with skills needed to prepare them for the expected growth in the non-oil export sector in the coming years.Export business in Nigeria, especially the non-oil export has been very low over the years, but as a result of recession and the impact of the shortage of Foreign Exchange (FX) in the country, this has made many o rg a n i z a t i o n s e s p e c i a l l y i m p o r t e r s a n d manufacturers to begin to see the need to generate their own FX.This initative of 3T Impex in partnership with the American Institide of Extended Studies (AIES) has made it possible to create pool of talent and highly skilled people in the area of Export Business Management and Export Trade Finance in order to ensure that as the businesses start their export desks

FG Backs SONon Introduction of PAM

India, Nigeria to Mark60 Years of Relations as

Trade Hits in 2017$9.4bn

3T Impex CommencesLecture for Diploma In

Export Programmesin Nigeria

Page 2. VOLUME 3 ISSUE 12

Heukelom said upon completion, the Port would be one of the deepest in West Africa, with 16.5-meter water depth, and one of the most modern, efficient ports in sub-Saharan Africa with capacity to berth larger vessels thereby making Lagos the trans-shipment hub in West Africa.

The Ghana Export Promotion Authority (GEPA) has expressed optimism of reaping a significant increase in cashew export earnings, targeting over US$250 million from international trade of the commodity in 2018.Cashew is currently the leading agricultural non-traditional export (NTE) earner. In 2016, it fetched the country US$197 million, representing 53% of the total export revenue generated by agricultural NTE.“The expectation results from commencement of the mass spray ing exerc ise be ing funded by government,” Mr. Adjei Yeboah, Director for Cashew-GEPA, told the B&FT.Excerpt: Ghana Web

Shipment of crude palm oil (CPO) from Indonesia to overseas rose significantly last year as demand from foreign nations up, Indonesian palm oil association said on Tuesday.Secretary general of the association Togar Sitanggang said the country's CPO export grew 21 percent to 32.184 million ton last year.The hike of demand comes from China, the United States, India, Africa, the European Union, Pakistan and Bangladesh."The demand of CPO will keep rising along with the growth of the world's economy," he told a press conference at the association headquarters.As a result, Indonesia's CPO production grew 18 percent to 41.98 million tons last year, said Sitanggang.Indonesia is the world's largest producer of crude palm oil, followed by Malaysia.But Indonesia's productivity of palm oil plantation remains below that of Malaysia, and the government is taking efforts to boost the productivity, Sitanggang said.Excerpt: Xinhua.net

Reddy said that both countries had over the years remained strategic partners with improved levels of cooperation between them with a bilateral trade volume of 9.4 billion dollars in 2017.“India is now the largest trading partner of Nigeria globally and Nigeria is the largest trading partner of India in Africa with bilateral trade of 9.4 billion dollars last year.”Both countries have had existing relations in various areas including agriculture, defense, trade, capacity building, healthcare, infrastructure and socio-cultural relations.Excerpt: National Accord Newspaper

As the federal government intensifies effort to diversify the economy, the Nigerian Export Promotion Council (NEPC) has advocated the possibility of adapting the Malaysian model as part of strategic collaboration to promote Nigeria's export trade.

The Acting Executive Director/CEO of NEPC, Mr. Sidi-Aliyu Abdullahi, disclosed this yesterday while receiving in his office a delegation from Performance Monitoring and Delivery Unit (PEMANDU), a trade promotion organ under the Prime Minister of Malaysia.

Mr. Sidi-Aliyu, while noting that the nation's food import bill was high, stated that the key objective of the Zero Oil Plan (ZOP) initiative of NEPC was to reduce imports by scaling-up production in key sectors of the non-oil export as well as stimulate value addition, job and wealth creation along export value chains.

Excerpt: The Nation

The Lekki Port LFTZ Enterprise (LPLE), has commenced major construction works on the Lekki Deep Sea Port in Lagos State. The facility, estimated to gulp about $1.5billion and located within the Lagos Free Trade Zone (LFTZ), is expected to be one of the most modern ports, supporting the burgeoning trade across Nigeria and the entire West African region as well as providing the connection to global shipping network.The General Manager, Projects, LPLE, Steven Heukelom, who disclosed this during an inspection by the Acting Director General, Infrastructure Concession Regulatory Commission (ICRC), noted that the breakwater construction is one of the largest components of the port construction.

NEPC Mulls MalaysianModel to Support Exports

Gepa Targets $250mCashew Export Earnings

Lekki Port BeginsConstruction of

Facility$1.5 Billion

Indonesian Crude PalmOil Export Surges

OTHERHEADLINES

Stakeholders Chart Path to

Efficiency of Kaduna Dryport

- The Guardian

Busines Group Wants Ban on

Export of Raw Materials

- Philistar.com

CBN Modifies List of 41

Banned Items Excluded from

Official FX Market

- Nairametrics

ExportProgrammes

benefit maximally from the AGOA trade law, they must formulate policies that will make exporting to the US under AGOA to be become attractive to the business communities in their various countries. Some of these policies include; an export growth desk in the presidency to fund and drive the promotion strategies stated in the previous paragraph, a completely tax free regime should be given to company that add value and export under AGOA to the US, a quarterly intensive training that will last for one week should be organise free of charge only for those that have already started production of their products to build their capacity, connect them with sources of funds and potential buyers in the US, a committee should be setup that will review the progress made on a monthly basis, address the challenges and report to the export growth desk in the presidency through the Nigeria Export Promotion Council (NEPC).

I am very sure that if the points raised in the article are well noted and the various suggestions acted upon, in a few years, even if we have not completely fix our infrastructural deficit, we will begin to see the desired growth in the volume of exportation that is being done by the SSA countries to the US market and other export markets around the world. .

Page 3.

Free Export LicenceFree subscription to join African Export DevelopmentInitiative (AFED)Guaranteed Contracts for Export (T&C Apply)Export Mentoring Program with 20% discount Free Export Book & Advisory Service.

BENEFITS

CONTACT: 08067476669, 08026782568, 08091244449 tradeacademy@3timpex.com

EXPORTBUSINESSCLINIC

TRAININGFEE

N78,500

Days & Time 9amWeekdays -

January 23-24, 2017Date -

Venue: 3T Impex Trade Center 11D Bola Shadipe StreetAddress:

Off Adelabu Street, Surulere,Lagos, Nigeria.

Weekend - 9am

January 14 & 21, 2017 Date -

VOLUME 3 ISSUE 12

The need for continuous Promotion of the AGOA programme by the relevant government agencies through different print, electronic and online media cannot be over emphasised. The first aim of this promotion is to continuously educate the public about the programme. The second aim is to correct the mindset of business people in SSA countries. There is a mindset issue that has been created for a long time that need to be corrected, and this is the desire to always prefer to export products in their primary state. The citizens are simply following the footsteps of government through the exportation of crude oil. The government needs to champion this initiative both in words and in action.The last and probably the most important factor is the government Policy. If the SSA countries want to

Another vital factor that mitigate against the low volume of exportation under the AGOA programme is Payment. The seller wants to get payment before the buyer gets the goods while the buyer wants to see the goods before making payment. However, since more than 80% of the world trades are done on open account (which means the buyer will first see the goods before effecting payment), the seller is therefore forced to agree to this payment terms. The implication of this is that the seller might not get payment (because of the low quality of good shipped) and this therefore discourage them from further shipment. If the government fix the port issue and ensure that only good quality products are shipped and secure the expected payment via an export credit insurance, this problem can be addressed.

Export TrainingProducts

The Challenges of AGOA

and The Way Forward

Cont'd from last issue

Title:

A-Z of Export Business Financing

Author: Bamidele Ayemibo

Price: N 10,000

Title:

Export Business Made Easy

Author: Bamidele Ayemibo

Price: N 5,000

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 2,652.00

USD 3,523.00

USD 2,059.00

USD 7,067.50

USD 21,770.00

USD 2,208.06

USD 77.30

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 12

Infographics