Apr 11, 2017 - -NGOs etc. The rationale behind this is that, if we can build capacity of the MSME to export semi process
3T IMPEX TRADE ACADEMY RA
D E CO
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DIGEST
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IM
U LT I
P EX T
....Promoting International Trade Education
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3T ...ENHANCING EXPORT TRADE EDUCATION
VOLUME 2 ISSUE 16
IN THIS ISSUE EXPORT NEWS
3T Impex Launches Project 6x6000 Exportersand many more
PG 1-2
EXPORT PROGRAMME
Export Boot Camp (Weekday) and Import-Export Help Line.
PG 3
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.
EXPORT EDUCATION
Handling the Critical 5Ps of Export Business Success-Part-4(The Payment)
PG 3
To send us your invitation, kindly provide the information below and send it to
[email protected].
EXPORT TRAINING PRODUCT
Becoming an Indispensable Employee and others
PG 4
EXPORT MISCELLANEOUS
Export Trade Leads, Export Commodities Prices, Export Trade Terms
PG 4
EXPORT NEWS
3T Impex Launched Project 6x6000 Exporters
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 - 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
Name Phone Email Organization Address Training Location Proposed Date Proposed Time Project 6 x 6000......Raising Legion of Exporters (Excerpt from www.3timpex.com)
Nigeria Plans to Cut Trade Deficit with UK, Says NEPC Boss
T
he Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr. SegunAwolowo, has said Nigeria is making serious plans to improve on her trade balance with the United Kingdom. He said the country currently has a trade deficit of about $30 billion. Awolowo, whose agency is responsible for promoting the country's export, said part of the new thinking by the federal government is to take advantage of emerging trade potential as a result of Britain's move to exit the European Union common market bloc. The measures being pursued to achieve the economic targets set by government is to try and improve on our productivity and productive capacity, he added. Awolowo also highlighted some of the measures to help boost the country's exports, saying: "What we are doing at NEPC is what we call the zero altar. Speaking about the country's recession, the NEPC boss said the main reason we are in that situation is due to lack of foreign exchange and our inability to generate enough foreign exchange. He said that major cause of our predicament is our propensity for high import as against low export trade. (Excerpt from www.thisdaylive.com)
EXPORT
EXPORT
NEWS
AfDB Approves a USD 450 Million Trade Finance Package for the African Export-Import Bank (Afreximbank)
T
he Board of Directors of the African Development Bank (AfDB) approved a USD 450 million Trade Finance Package for the African Export-Import Bank (Afreximbank).
The facility consists of a 3-year USD 150 million unfunded Risk Participation Agreement (guarantees) and a 4-year USD 300 million Trade Finance Line of Credit. This composite facility will help to expand Afreximbank's risk bearing capacity for the confirmation of letters of credit and to support more trade through the provision of increased liquidity to local financial institutions and corporates in Africa.
NEWS
Ivory Coast to Receive IMF Budget Support as Cocoa Prices Slump
I
vory Coast will receive more assistance from the International Monetary Fund to support the nation's 2017 budget after cocoa prices slumped, hurting the finances of the world's biggest grower.
The IMF's board will meet in June to decide on the amount of support, Dan Ghura, the Washington-based lender's mission chief, told reporters in the commercial capital, Abidjan. The assistance will come as the IMF visited the West African nation for a review of the country's three-year extended credit facility agreement of about $660 million agreed in 2016. Cocoa futures in London have slumped by about a third since reaching a six-year high in July.
The project is aimed at boosting intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa.
Ivory Coast's budget deficit is forecast to widen to 4.5 percent of gross domestic product this year and will stabilize at 3 percent in 2019, Ghura said. The economy probably expanded by 8 percent in 2016, he said.
More so, helping African economies diversify their exports, strengthen trade value chains and promote value addition, this facility will contribute to macroeconomic resilience in at least 28 countries.
(Excerpt from www.bloomberg.com)
It will provide financing to more than 100 financial institutions and corporates and support at least USD 2.8 billion of trade in Africa over a 4-year period. (Excerpt from www.afdb.org)
Egypt plans to raise Exports to $34 billion by 2020- Trade Ministry
E
gypt plans to raise exports to $34 billion from $19 billion by 2020, the Trade and Industry Ministry said in a statement on Wednesday. "The ministry has almost completed its strategy to double its exports and increase it from $19 billion to $34 billion by 2020 through implementing specific export plans and policies and targeting new export markets," the statement said. (Excerpt from www.reuters.com)
China demand for bananas to cotton drives Asia Export rebound
3T Impex Launches Mobile App for Trade Education in Nigeria
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 Hong Kong, Philippine bananas, Indian cotton and New Zealand lamb have at least one thing in common. They're all objects of resurgent Chinese demand.
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.
Shipments to China from around the region have risen sharply in both value and volume, ending what economists at Australia & New Zealand Banking Group Ltd described as Asia's two-year trade recession.
For more information or questions kindly send an email to
[email protected] (Excerpt from www.tradeinfong.com)
Higher commodity prices are lifting export values for countries like Indonesia and Malaysia while rising oil prices have boosted Singapore and India.
OTHER HEADLINES
I
"Asian exports have staged a significant rebound," said Rajiv Biswas, AsiaPacific chief economist at IHS Global Insight in Singapore. (Excerpt from www.businesstimes.com.sg)
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
DATE:
April 11th and 12th, 2017
TIME:
9:00am - 5pm
FEE:
N103, 500
VENUE:
3T Impex Trade Center
ADDRESS:
No 11D, Bola Shadipe Street, Off
T
Adelabu Street, Masha, Surulere, Lagos State.
he third question is very pivotal and it states that, When is Ordinary Letter of Credit not Reliable as a Payment Security? First of all, let me define letter of credit. A letter of credit is an undertaken of the buyer's bank (issuing bank) to the exporter to make payment when the shipment is made and all the documents that complies with the terms of the letter of credit are presented. However, if the letter of credit is coming from a bank in a jurisdiction that is facing a sovereign risk (political and economic risk) or if the issuing bank ranking by rating agencies is very low, then an exporter might need another bank in another country to give an additional undertaken. This concept is called confirmed letter of credit. So, an ordinary letter of credit here is the unconfirmed letter of credit. Even though it has the force of a bank's undertaken to pay however, it becomes unreliable for payment when the issuing bank is exposed to sovereign risks. 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:
Becoming an Indispensable Employee
Author:
BamideleAyemibo
Duration:
34Mins
Price:
N5,000:00
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
60 MT Per Month 60 MT Per Month
LOCAL ORDERS
N5,000 Title:
ABC of Export
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 2,114.00 USD 138.15 USD 74.95 USD 1,961.00 USD 5,895.00 USD 2,778.00 USD 20,105.00
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
N5,000
CONSULAR INVOICE STOCKING DISTRIBUTOR LICENSING
Title:
Career Transition
Author:
Bamidele Ayemibo
Duration:
67Mins
Price:
N5,000:00
MARKS
…..CONTD FROM LAST ISSUE Is a document, often in triplicate, submitted to the consul or embassy of a country to which goods are to be exported before the goods are sent abroad. Is a distributor who maintains an inventory of goods of a manufacturer. The grant of technical assistance and service and/or the use of proprietary rights, such as a trademark or patent, in return for royalty payments. A set of letters, numbers and/or geometric symbols, generally followed by the name of the port of destination, placed on packages for export for identification purposes.
TO BE CONTD IN NEXT ISSUE….
