Apr 11, 2017 - able to purchase all our products at 50% discount. Furthermore, it is a valuable resource for bankers who
3T IMPEX TRADE ACADEMY RA
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DIGEST
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....Promoting International Trade Education
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3T ...ENHANCING EXPORT TRADE EDUCATION
VOLUME 2 ISSUE 15
IN THIS ISSUE EXPORT NEWS
Nigeria's Dollar Squeeze gets Tougher as Companies opts Export Survival and many more
PG 1-2
EXPORT PROGRAMME
Export Boot Camp (Weekday) 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
A-Z of Export Business Success and others
PG 4
EXPORT MISCELLANEOUS
Export Trade Leads, Export Commodities Prices, Export Trade Terms
PG 4
EXPORT NEWS
Nigeria's Dollar Squeeze Gets Tougher as Companies Opts Export for Survival
N
igeria's dollar squeeze is forcing local and international companies to consider exports for business survival. The squeeze which was exacerbated by the central bank opting to keep a tight grip on the naira's value. Exports aren't the only route being pursued by struggling Nigerian companies but is a very helpful source of dollars for Dangote Cement, Van Der Weijde said. As it struggles to access foreign exchange needed to pay for imported raw materials and equipment, Investors says the bank has held it at around 315 against the dollar on the official market since August, even as the black market rate tumbled to 380. Companies in Nigeria are struggling after the decline in oil prices cut government revenue and caused a shortage of foreign currency, causing the economy to shrink last year for the first time since 1991. (Excerpt from www.naija247news.com)
Nigeria, Norway rally investors on Non-Oil Export promotion
N
igeria and Norway have sought opportunities in the non-oil sector in addressing economic challenges bedeviling the two nations which could lead to increase inflows of foreign direct investments for the country.
The Nigerian Export Promotion Council (NEPC) has identified a potential earning of $18 billion from non-oil export sector by 2019 if opportunities in the sector are properly harnessed. Speaking at the Nigerian Norwegian Chamber of Commerce's quarterly business roundtable in Lagos, the Chairman of the Chamber, ChijiokeIgwe stated that though the global economy is undergoing both structural and cyclical adjustments, due in part to the collapse of energy prices, there are significant areas of complement across the economic landscapes of both Norway and Nigeria. The Chief Executive Officer of NEPC, Olusegun Awolowo stated that the Federal Government's agenda to replace oil as the major national foreign exchange earner will see the country's earnings growing to $30 billion by 2025 if there is an increase in production output from farms, while exporters explore ways to penetrate new markets. To him, the outputs from the farms are very low to meet local demand, even as pressure rises to increase foreign exchange earnings from non-oil export. (Excerpt from www.guardian.ng)
Nigeria's Mining Sector can Generate N5 trillion annually - Minister
N
igeria's Minister of Mines and Steel Development, Dr. Kayode Fayemi has said that the nation's mining industry has the capacity to generate N5 trillion annually from mining and exporting of vast solid mineral, with anticipated Gross Domestic Product (GDP) in excess of $25 billion by 2026. Speaking at the 53rd Annual International Conference and Exhibition of the Nigerian Society for Mining and Geosciences, with the Theme: "The Extractive Industry: imperatives for Wealth Creation and Employment Generation", Fayemi, said the Mining and mining services industry is a vital source of economic activity and jobs in Nigeria and a major contributor to national income and wealth creation. He noted that Mr. President continuously reiterated the commitment of his administration towards the diversification of the revenue base of the country, saying, mineral and mental sector "holds the key for economic diversification in Nigeria which is a condition for job and wealth creation." He further added that the Mining Sector can attract a lot of foreign investors, following the diversification drive by the government on the economy. Nigeria is blessed with vast resources, no doubt and if properly handled could translate into viable exportation given an operational and enabling environment. (Excerpt from www.vanguardngr.com)
EXPORT
EXPORT
NEWS
NEWS
Ivory Coast Set to Consider Export Tax Cut to Sell Record Crop
3T Impex Launches Mobile App for Trade Education in Nigeria
I
vory Coast is considering reducing its cocoa-export tax as the world's top producer seeks to ship out a record crop, a person familiar with the matter said. According to a Source (who pleaded anonymous because the information is private) said the government may reduce the levy from the current rate of 22 percent, adding that the Country is doing all it can to ensure a smooth running of the crop campaign. With the International Cocoa Organization predictingrecord output of 1.9 million metric tons for the full season, the organization believes that lower taxes may help the country boost exports at a time when beans are piling up at warehouses and farms. Supply also is rising, as trees planted several years ago in new areas enter production. (Excerpt from www.bloomberg.com)
UK will Double Export Finance Available To Support Trade With Qatar: Minister
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3
T Impex Trade Academy (an arm of 3T Impex Consulting Ltd) has finalize plans to launch the first mobile app for trade education in Africa. This will afford intending exporters and even importers in Nigeria like Lagos, Abuja, Port Harcourt, Kano, Kaduna etc who are interested in exporting products out of Nigeria to be able to attend training online by simply downloading the app and watching the video or listening to the audio right from their phones in the comfort of their rooms. This app have a number of audio and video training in different areas of International trade covering Import, Export, Trade finance, letter of credit, guarantee and the likes. Also, this mobile app will afford all subscribers to be able to purchase all our products at 50% discount. Furthermore, it is a valuable resource for bankers who want to do the most coveted trade finance exams(Certified Documentary Credit Specialist) to listen to the lectures right on their phones.
n London, the Britain Government says that they will double the amount of export finance available to support trade with Qatar to 4.5 billion pounds ($5.7 billion).
The mobile app also hasa section for our weekly newsletter, E-books, commodity prices(local and international) and available contract that exporters can benefitfrom. This mobile app will be made available on google play store from Monday March 12th, 2017.
According to the trade Minister Liam Fox,"No trade between the U.K. and Qatar should fail for lack of finance and insurance, that is why the U.K. government ... can give buyers and sponsors in Qatar attractive long-term finance to make sourcing from the U.K. more competitive," Fox told a Qatar-U.K. business forum in London.
For more information or questions kindly send an email to
[email protected] (Excerpt from www.tradeinfong.com)
3T Export Training Products Now on DealDey.com
Adding that they will be doubling finance available from U.K. export finance to support trade with Qatar to 4.5 billion pounds." (Excerpt from www.reuters.com)
Sweet Potato, Cassava Starch and more products needed from Nigeria
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)
I
n a bid to promote the knowledge and practice of export business in Nigeria, 3T Impex trade academy now showcases her export training products on Dealdey.com.
This is an act to help boost export products, which in turn helps generate foreign exchange to the Nigerian Economy as well as divert attention to oil to other commodities that can be exported out of Nigeria. The export training products on Dealdey helps to promote export, help intending and existing customers know how to analyze monetary resources and controlling export business in the International trade market. (Excerpt from www.3timpex.com)
OTHER HEADLINES Vietnam targets $5bn from shrimp Exports by 2020- www.sunnewsonline.com New Zealand Govt to spend $35.3M to help primary sector Export trade - www.reuters.com ABU releases New Maize variety with enhanced Vit. A - www.dailytrust.com.ng Exporters' association commends OGFZA on tariff review- www.sunnewsonline.com Rwanda Eyes Cross-Border Markets To Enhance Exports - www.newtimes.co.rw UAE Ranks Ninth in Global Creative Goods Trade; Exports touch $16.1b - www.khaleejtimes.com
ENHANCING EXPORT TRADE EDUCATION
EXPORT EDUCATION Handling the Critical 5Ps of Export Business Success-Part-5 (The Payment)
EXPORT BOOT CAMP (WEEKDAY)
By BamideleAyemibo ….CONT'D FROM LAST ISSUE
th
th
DATE:
April 11 and 12 , 2017
TIME:
9:00am - 5pm
FEE:
N103, 500
VENUE:
3T Impex Trade Center
T
he next question states that, Where is the place of valid export contract in Export Financing? A bank needs to see and review the export contract before financing an export transaction.
ADDRESS: No 11D, Bola Shadipe Street, Off Adelabu Street, Masha, Surulere, Lagos State.
This is because, the contract forms the premise for the loan request. It helps the banker to know when the preparation for the production and sourcing of products for shipment should commence. Furthermore, it assist the bank in monitoring the planning of the shipment with the shipping line. It shows the bank what, where, when, who and how the payment on shipment will be made as well as informing the financiers the agreed price of sales for the goods. More so, it helps the banker to know how best to package the loan facility. Through the contract, the bank is also able to know the liabilities and responsibilities of the exporters. It helps the banker to envisage the likely challenges of the transaction and put in place the mitigants. 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:
A-Z of Export Business Success
Author:
BamideleAyemibo
Duration: 35Mins Price:
N5,000:00
S/N PRODUCT
SPECIFICATIONS
MINIMUM SHIPMENT
1. 2. 3. 4.
Available on Request Available on Request Available on Request Available on Request
100 MT Per Month 100 MT Per Month 100 MT Per Month 100 MT Per Month
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
60 MT Per Month
5.
Sweet Potato Palm Kernel Cake Cassava Starch Peanuts without Shell Charcoal request from Dubai
6.
Zinc Ore
7.
Lead Ore
60 MT Per Month 60 MT Per Month
LOCAL ORDERS
N5,000 Title:
Retirement Planning from Employee to Entrepreneurship (Vol. I)
Author:
Bamidele Ayemibo
Duration:
19Mins
Price:
N5,000:00
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 2,086.00 USD 139.80 USD 76.18 USD 1,960.00 USD 5,907.00 USD 2,858.50 USD 20,175.00
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 DOCK RECEIPT
N5,000
DESTINATION CONTROL STATEMENT
Title:
Retirement Planning from Employee to Entrepreneurship (Vol. II)
INSPECTION CERTIFICATION
Author:
Bamidele Ayemibo
WAREHOUSE RECEIPT
Duration: 33Mins
Price:
N5,000:00
A receipt using sea freight a s a document issued by a sea freight carrier to acknowledge receipt of sea freight shipment at the carrier’s shipping terminal. Is a statement that appears on the commercial invoice, ocean or air waybill of lading, and Shippers Export Declaration (SED) to notify the carrier and all foreign parties that the item may be exported only to certain destinations. A document certifying that merchandise (such as perishable goods) was in good condition at the time of inspection, usually immediately prior to shipment. Is a document that provides proof of ownership of commodities (e.g., bars of copper) that are stored in a warehouse, vault, or depository for safekeeping. Warehouse receipts may be negotiable or non-negotiable.
TO BE CONTD IN NEXT ISSUE….
