Apr 25, 2017 - Duration: 68mins. Page Number: 58mins. N5,000:00 ... Zinc Ore. Purity-35%. 60 MT Per Month. 7. Lead Ore.
3T IMPEX TRADE ACADEMY RA
D E CO
NS
DIGEST
N
IM
U LT I
P EX T
....Promoting International Trade Education
G
3T ...ENHANCING EXPORT TRADE EDUCATION
VOLUME 2 ISSUE 18
IN THIS ISSUE
competitive edge for trade compared with neighbouring ports and across the world.
EXPORT NEWS
Non-oil Export sector loses N581bn in two years
PG 1-2
EXPORT PROGRAMME
NEPC programme 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
Trade Finance Master Series
PG 4
EXPORT MISCELLANEOUS
Export Trade Leads, Export Commodities Prices, Export Trade Terms
PG 4
PEBEC is put in place to create more convenience for businesses to process their documentations effortlessly, hence declaring all containers coming into the country are to be privatized. According to the Comptroller-General of the NCS, Hameed Ali, who was represented by the ACG, Trade and Tariff , Robert Alu, said the forum became necessary following Nigeria's ranking by World Bank on its recent report on the ease of doing business in the port, a case he said was not encouraging. Alu noted that to create an enabling environment for effective trade facilitation, and curb corruption at the ports, full automation must be put in place. (Excerpt from www.guardian.ng)
EXPORT NEWS
Non-oil Export sector loses N581bn in two years
T
he non-oil export sector may have lost over $1.9bn between 2014 and 2016. This is approximately N580.72bn, using the exchange rate of N305/dollar.
According to data from the National Bureau of Statistics, the export from the sector in 2013 August was $3.4bn. But at the end of 2015, it had dropped to $1.6bn and operators in the sector blamed government's foreign exchange policies and lack of incentives for the drop. Aside from the Executive Secretary of the Organised Private Exporters Association, Mr. JaiyeolaOlarewaju, who said that non-oil export declined because of the disruption in the implementation of Export Expansion Grant, incentives to exporters, non-oil exporters also blamed the Central Bank of Nigeria's 2015 export proceeds repatriation policy for the decline. To this end, some of the exporters who spoke Journalist said that the policy was further compounding issues in the Nigerian environment, which was not conducive for business citing power and Forex policy as the problem causing unrestricted access to their earnings. (Excerpt from www.punchng.com)
Government Initiates New Procedures to Ease Cargo Clearance Determined to ease the challenges of doing business, the Federal Government has introduced new procedures that would ease cargo clearance at the ports. The new procedure introduced by the Presidential and Enabling Business Environment Council (PEBEC) is designed to make Nigerian ports have a
SON, UNIDO strategize plans to Remove Export Barriers
T
he Standards Organization of Nigeria (SON) and United Nations Development Organization (UNIDO) have strategized plans to deploy the use of standards to drive development in the nation's agricultural sector. During a two-day training for SON staff on certification programmes, the agency's partnership with UNIDO is aimed at ensuring that Nigeria's agricultural products from the farm to table meet the minimum requirement of global standards. According to the Director General, SON, Osita Aboloma, to reduce rejection of Nigerian products in global markets, the agency would relentlessly continue to mentor and provide technical assistance to local manufacturers, exporters and importers on the need to do things the right way. He added that the collaboration would also end further occurrence of Nigeria's agricultural produce being rejected at the global markets stressing that the agency had already taken other measures towards enhancing its performances in the area of standardisation and quality assurance. (Excerpt from www.guardian.ng)
Pakistan cuts Import from India, Increases Exports despite border tensions
I
n ISLAMABAD, despite mounting tension along the border, the trade between Pakistan and India has remained intact since the beginning of the current fiscal year, a media report confirmed. A report by the State Bank of Pakistan (SBP) revealed that Pakistan grew its exports to India during the first eight months of 2016-17 while curtailing imports by 23 per cent, the trade balance, however, remained
EXPORT
EXPORT
NEWS
NEWS
focusing only on group of people who already have something in common and therefore could export together in groups or in clusters.
in favour of India. The two countries have long been locked in a bitter rivalry. But worsening political relations seem to have little impact on bilateral trade relations, according to trade analysts. One reason for Pakistan's improved exports to India is high cement demand in the neighbouring country. After growing by 14 per cent, exports from Pakistan to India amounted to $286 million in the July-February period. Imports from India fell 23 per cent to $958.3 million from $1,244 million recorded a year ago, the SBP report said. (Excerpt from www.economictimes.indiatimes.com)
China's Exports Surge as Fears of United States Trade War Ease
C
hina's export growth accelerated in March while import growth moderated to still-robust double-digit levels in possible positive signs for Chinese economic growth and global demand.
With the new figures released, it hopes to boost the world's number two economy at getting back on track after a recent slowdown - it grew past year at its slowest pace in a quarter of a century.
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 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
It must be noted that U.S. President Donald Trump removed a potential threat to Chinese export performance. The world's largest trader posted strong export figures in March as fears of a trade war with the United States eased despite its surplus with China staying close to $50 billion in the first quarter. (Excerpt from www.clicklancashire.com)
3T Impex Launched Project 6 x 6000 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
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)
OTHER HEADLINES Singapore March Exports beat Expectations as trade recovery widens - www.nasdaq.com Trump talk tempers Exporters' optimism at top China trade fair- www.reuters.com
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
Volvo Announces Plans to Export China-Made Electric Car- www.economictimes.com Dutch Industry Is Increasingly Dependent Upon Exports - www.DutchNews.nl
ENHANCING EXPORT TRADE EDUCATION
EXPORT EDUCATION STARTING AND MANAGING EXPORT BUSINESS IN NIGERIA IN CONJUNCTION WITH NIGERIA EXPORT PROMOTION COUNCIL
Handling the Critical 5Ps of Export Business Success-Part-5 (The Payment) By BamideleAyemibo ….CONT'D FROM LAST ISSUE
Product Sourcing Strategy and Risk Mitigants- from the business plan/ Proposal.
DATE: 25th& 26th April, 2017
Availability of the Productsfrom the business plan Proposal and investigation.
TIME: 9:00am FEE: N55, 000
Product Destination- from the Sales Contract.
VENUE: Nigeria Export Promotion Council ADDRESS: NO 13, Ladipo Oluwole Street, off Marine Road, Apapa, Lagos.
Transaction Cycle- from the date of Sales contract to the date of receipt of export proceeds for previous shipments. Buyer's Payment History- from the exporter's Statement of Account. Making these information and documents available gives the credibility that will make them (banks) to consider your loan application for export business. 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:
Mastering Standby Letter of Credit (Vol. I)
Author:
BamideleAyemibo
Duration: 68mins 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. 7.
Zinc Ore 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 Purity-35% Purity-50%
60 MT Per Month 60 MT Per Month
LOCAL ORDERS 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)
Title:
Mastering Standby Letter of Credit (Vol. II)
Author:
Bamidele Ayemibo
Page Number: 58mins Price: N5,000:00
S/N COMMODITY
PRICES
UNIT OF MEASURMENT
1 2 3 4 5 6 7
USD 1,873.00 USD 140.65 USD 78.50 USD 1,903.00 USD 5,556.00 USD 2,548.00 USD 19,800.00
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 INSURANCE CERTIFICATE
SHIP'S MANIFEST
Title:
Mastering Standby Letter of Credit (Vol. III)
Author:
Bamidele Ayemibo
TARIFF
TARE WEIGHT
Duration: 48Mins Price:
N5,000:00
A document issued by an insurance company, usually to order of shipper, under a marine policy and in cover of a particular shipment. Is a true list in writing of the individual shipments comprising the cargo of a vessel, signed by the Captain. A system of duties imposed by Federal government on goods imported or exported. It is also the rate of duty imposed in a tariff. The weight of packing and containers without the goods to be shipped.
TO BE CONTD IN NEXT ISSUE….
