Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Business

AfCFTA: Trade Ministry should develop a synthesis to summarise all items negotiated – NANTS

William UkpebyWilliam Ukpe
2 years ago
in Business
AfCFTA: ACCI to launch Monitoring Review Roundtable to assess development
Share on FacebookShare on TwitterShare on Linkedin

The National Association of Nigerian Traders (NANTS) has called on the Trade Ministry to develop a synthesis that summarises all items negotiated on the African Continental Free Trade Area (AfCFTA) agreement to clarify implementation.

This was disclosed by the President of NANTS, Dr Ken Ukaoha, in a statement addressed to the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, on Tuesday in Abuja.

NANTS urged that since Nigeria agreed to ratify the deal which went into effect on the 1st of January, the FG should start a sensitisation programme for private stakeholders, citing that the trade office should also help with clarifying the implementation through a synthesis for all items.

Dr Ukaoha said,

  • “For this reason, we request that you cause the Ministry, or the Nigeria Office for Trade Negotiations (NOTN), which has been responsible for AfCFTA negotiations so far, to develop a synthesis which summarises all items negotiated on AfCFTA.
  • “Such articulated documentation that captures all the thematic issues should be produced and made available to all key stakeholders. It would help stakeholders to have a clear and up-to-date understanding of the subject, so that they can use same to engage in thorough and effective sensitisation of their members.”

Ukaoha added that the synthesis is reviewed in a tabular form which specifies the subject issues and Relevant Protocols of the agreement. He added that private sector stakeholders also have a job on educating members on outcomes, requirements and visions of the agreement.

NANTS urged that the synthesis should enable identification of actions and roles and also track the impact of the implementation of AfCFTA, which would enable the Ministry to be one step ahead for the amendment of the African free Trade Deal in 5 years.

  • “This benefit is in addition to the improvement of stakeholder’s knowledge-base, which is very key to proper and effective implementation of the AfCFTA,” NANTS said.

What you should know 

  • Nairametrics reported last month that the National Association of Nigerian Traders (NANTS) urged the Nigerian Government to inaugurate a committee to look into the seizure of legitimate goods and containers by Customs during the border closure.
  • The Market Traders Association of Nigeria (MATAN) praised the Nigerian Government for its role in the inauguration of the secretariat for the African Continental Free Trade Agreement (AfCFTA) in Ghana.
  • MATAN advised Nigerian manufacturers and SMEs to take advantage of the agreement to boost Nigeria’s trade leverage in the continent, and also urged for harmonization of laws to prevent trade dispute with members of the agreement.

Related

Tags: AfCFTAAfrican Continental Free Trade AreaNANTSNational Association of Nigerian Traders

Leave a Reply Cancel reply

Press one
hfm
Mega Millions
fidelity banner
SME
HFM
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Nigerian Exchange closes bearish as investors lose N341 billion
  • Just in: NLC, TUC suspend planned strike over naira scarcity
  • Xiaomi Launches Redmi Note 12 Series in Nigeria Inspiring Users to “Live Vivid”

Follow us on social media:

Recent News

The Nigerian Exchange closes bearish as investors lose N341 billion

Nigerian Exchange closes bearish as investors lose N341 billion

March 28, 2023
Just in: NLC, TUC suspend planned strike over naira scarcity

Just in: NLC, TUC suspend planned strike over naira scarcity

March 28, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • 2023 Elections

© 2023 Nairametrics

error: Alert: Content selection is disabled!!