Apr 22, 2017 - EXPORT TRAINING PRODUCT ... Export Trade Leads, Export Commodities Prices, ... training for non-career am
3T IMPEX TRADE ACADEMY RA
D E CO
NS
DIGEST
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3T ...ENHANCING EXPORT TRADE EDUCATION
N
IM
U LT I
P EX T
....Promoting International Trade Education
VOLUME 2 ISSUE 17
IN THIS ISSUE
which the Central Bank of Nigeria (CBN) trades on the nation's currency against its international counterparts.
EXPORT NEWS
FG to ban Exportation of Unprocessed Solid Minerals by October and many more
PG 1-2
EXPORT PROGRAMME
Export Boot Camp (Weekend) and Import-Export Help Line.
PG 3
EXPORT EDUCATION
Handling the Critical 5Ps of Export Business Success-Part-4 (The Payment)
PG 3
EXPORT TRAINING PRODUCT
Export Business Kit and others
EXPORT MISCELLANEOUS
Export Trade Leads, Export Commodities Prices, Export Trade Terms
PG 4 PG 4
EXPORT NEWS
Efforts by the CBN to defend the naira may become futile if an exportimport balance is not addressed under the Federal Government's fiscal agenda, as speculators continue to mop up the apex bank's dollar intervention in the parallel markets. The Chairman, Export Group, Lagos Chamber of Commerce and Industry (LCCI), Dr. Obiora Madu, urged the CBN to revive the window for export proceeds, stating that the market prices of local commodities are higher than those of the international markets. According to him, we have always advocated a window for export proceeds. It was done before because exporters are not making money. The idea of foreigners directly sourcing commodities from the local farmers and markets is affecting commodity prices. Foreigners with soft funds are muzzling small businesses out of business. Politics will have to be right, regulation needs to come in and government needs to show commitment to its non-oil export agenda", he added. (Excerpt from www.guardian.ng)
FG to ban Exportation of Unprocessed Solid Minerals by October
First Export train sets off for China from UK
T
he Minister of Mines and Steel Development, Dr Kayode Fayemi, says the Federal Government plans to stop exportation of unprocessed solid minerals by October.
Fayemi made this known in Abuja on Thursday when delivering a lecture on "Nigeria's Solid Minerals: Prospects and Challenges and the Nation's Quest for Economic Diversification" at the induction training for non-career ambassadors-designate. The minister urged the ambassadors designate to attract investors into the mining sector of the economy. He said that the plan to stop mining and exportation of raw or unprocessed solid minerals from the country was part of the ministry's roadmap. According to him, before now, a lot of illegality has been going in the sector. People are just shipping out raw minerals; this has informed the government's policy or decision to place a ban on unprocessed minerals. "In the next six months, raw minerals will not be allowed to be exported," he said. (Excerpt from www.nta.ng)
Non-oil Exporters groan under lack of access to dollar proceeds
N
on-oil exporters have threatened to cease exports till restrictions limiting access to their proceeds from the interbank market are removed. The interbank market is the official window through
A
train loaded with British goods, has started a 12,000 km journey from England to China, opening a regular direct service between the countries.
It pulled away from Stanford-le-Hope in Essex carrying Whisky, soft drinks, vitamins, pharmaceuticals and baby products are among the items in 30 containers by train. The locomotive will travel through the Channel Tunnel, and then seven countries - France, Belgium, Germany, Poland, Belarus, Russia, and Kazakhstan - before arriving on April 27. According to Xubin Feng (Chairman of Yiwu Timex Industrial Investment&Organizer of this service) said rail journey to China is cheaper than sending freight by air and faster than a voyage by ship, thus, this is the first export train and just the start of a regular direct service between the UK and China. To this end, "We have great faith in the UK as an export nation and rail provides an excellent alternative for moving large volumes of goods over long distances faster," he added. (Excerpt from www.rt.com)
EXPORT
EXPORT
NEWS
Britain set for Export boom as Economists hike growth forecasts
B
ritain is on the verge of an export and spending boom as economists rule out the likelihood of a slowdown this year.
Strong global growth combined with the weak pound is expected to send overseas sales soaring, giving businesses the confidence to ramp up investment. Economists anticipate a surge in foreign demand combined with business investment, reinforcing growth even as inflation dents households' spending power. According to JP Morgan and Analysts at Citi have hiked their prediction that the economy is set to grow at least as fast as it did last year (Excerpt from www.telegraph.co.uk)
3T Impex Launched Project 6 x 6000 Exporters
NEWS
-to empower the people with info on export business processes -to encourage the people to team up to exportation -to create employment via export business promotion Kindly note that before we can honour your invitation, you must be able to gather at least 50 people together from your organization and they must have pre-registered with their phone numbers and emails sent to us for confirmation before we can come for the training. The training is done FREE of charge, for location outside Lagos, the organization will bare our transport and accommodation costs. The organization is also allowed to decide the honorarium. To send us your invitation, kindly provide the information below and send it to
[email protected]. Name Phone Email Organization Address Training Location Proposed Date Proposed Time Project 6 x 6000......Raising Legion of Exporters (Excerpt from www.3timpex.com)
Sweet Potato, Cassava Starch and more products needed from Nigeria
P
roject 6x6000 Exporters is an initiative of 3T Impex Trade Academy and it is aimed at raising Legion of Exporters in the 6 geopolitical zones of Nigeria. It targeted at creating 6,000 Micro, Small & Medium Scale (MSME) Exporters in each of the 6 zones of the country by 2025. It involves a FREE export workshop and advisory services for different group of people in different parts of the country. The Target group include: -Religious Organizations -Cooperatives -Clubs -Association -NGOs etc The rationale behind this is that, if we can build capacity of the MSME to export semi processed or finished goods on a small scale, then they can grow the non-oil export volume within a short time. We are focusing only on group of people who already have something in common and therefore could export together in groups or in clusters. The Objectives of this initiative include: -to educate the public about export business planning & preparation -to enlighten the public on the export business possibilities -to enlarge the scope of exportable products
T
he Trade Broker of 3T Impex Trade Consulting covering Europe and Asia has requested for the following products from Nigeria. They include; Peanuts without shell Cassava (Tapoica) starch Palm Kernel Cake Sweet potato The demand for these products is upto 1000MT per month. Interested exporters should contact 3T Impex Trade Consulting on 08091244449 or send an email to
[email protected] in order to get more details on pricing and quality specifications. (Excerpt from www.tradeinfong.com)
OTHER HEADLINES Nigeria's sesame seeds Export can earn $4.69bn- www.sunnewsonline.com AB InBev to Export Africa beers to foreign markets -www.sltrib.com Soybean prices to trade sideways today-www.moneycontrol.com Trump Trade Threats Force Export-Dependent Vietnam to Pivot-www.bloomberg.com Maersk taps river route for Bangladesh Exports- www.joc.com
ENHANCING EXPORT TRADE EDUCATION
EXPORT EDUCATION Handling the Critical 5Ps of Export Business Success-Part-5 (The Payment)
EXPORT BOOT CAMP (WEEKEND)
By BamideleAyemibo ….CONT'D FROM LAST ISSUE
DATE: April 22nd and 29th, 2017
N
ot all exporters are eligible for export financing and that is why the next question is, who are those that are eligible to access export finance products?
TIME: 9:00am - 5pm FEE: N103, 500 VENUE: 3T Impex Trade Center ADDRESS: No 11D, Bola Shadipe Street, Off Adelabu Street, Masha, Surulere, Lagos State.
Before an exporter can be considered to be eligible for export financing, the exporter will need to provide the following information with documentary evidence. History of performance- from the Bill of lading records. Export volume per annum- from the Commercial Invoice and the Bill of lading records. Frequency of shipment- from the Bill of lading records. Payment Methods- from the Sales Contract. Terms of Payment- from the Sales Contract. For questions on this thought, you can reach me via email to
[email protected]
….To Be Continued
Every 2nd & 3rd Saturdays of every Month
N103,500
EXPORT DIGEST
ENHANCING EXPORT TRADE EDUCATION
EXPORT TRAINING PRODUCTS
EXPORT MISCELLANEOUS TRADE LEADS EXPORT ORDERS
Title:
Export Business Kit
Author:
BamideleAyemibo
S/N PRODUCT
SPECIFICATIONS
MINIMUM SHIPMENT
1. 2. 3. 4. 5.
Sweet Potato Palm Kernel Cake Cassava Starch Peanuts without Shell Charcoal request from Dubai
100 MT Per Month 100 MT Per Month 100 MT Per Month 100 MT Per Month 60 MT Per Month
6.
Zinc Ore
7.
Lead Ore
Available on Request Available on Request Available on Request Available on Request Charcoal from Hardwood like Ayin, Size-40-200mm, no sparkling wood and moisture -8% max Seller to provide lab analysis and pictures Seller to provide lab analysis and pictures
Contents: 12 Audio CDs and 1 Book Price:
N50,000:00
60 MT Per Month 60 MT Per Month
LOCAL ORDERS
N10, 000:00 Title:
A - Z of Export Business Financing (Book)
Author:
Bamidele Ayemibo
Page Number: 121 Price: N10, 000:00
S/N PRODUCT
SPECIFICATIONS / PAYMENT
MONTHLY VOLUME
1 2 3
Purity-35% Purity-50% Purity-30%
120 MT Per Month 120 MT Per Month 120 MT Per Month
Zinc Ore Lead Ore Lead Oxide
| Bank Guarantee | Bank Guarantee | Bank Guarantee
COMMODITY PRICES (BLOOMBERG) S/N COMMODITY
PRICES
UNIT OF MEASURMENT
1 2 3 4 5 6 7
USD 1,967.00 USD 141.60 USD 76.75 USD 1,898.00 USD 5,628.00 USD 2,602.00 USD 19,405.00
Metric Tonnes (Mt) Pounds (lb) Pounds (lb) Bushel (Bu) Metric Tonnes (Mt) Metric Tonnes (Mt) Metric Tonnes (Mt)
Cocoa Beans Coffee Cotton Aluminium Copper Zinc Tin
EXPORT TERMS USED IN INTERNATIONAL TRADE …..CONTD FROM LAST ISSUE
DUTY
N5,000 Title:
Export Business Made Easy (Book)
Author:
Bamidele Ayemibo
Page Number: 158 Price:
N5,000:00
EXCHANGE PERMIT
EXPORT BROKER
EXCHANGE REGULATIONS/RESTRICTIONS
The tax imposed by the Federal Government on merchandise imported from another country. A governmental permit sometimes required of an importer to enable him to convert his own country's currency into a foreign currency with which to pay a seller in another country. One who brings together the exporter and importer for a fee and then withdraws from the transaction. Restrictions imposed by an importing country to protect its foreign exchange reserves.
TO BE CONTD IN NEXT ISSUE….
