[ad_1]
Anna Okon
The two key players in the real sector of the Nigerian economy, the Association of Manufacturers of Nigeria and the Nigerian Association of Chambers of Commerce, Mines and Mines. 39 Agriculture, Delayed While NACCIMA supports Nigeria signing the Pact, MAN advised against signing unless it is proven beyond any doubt that the Pact would benefit the country, adding that up to now there was no evidence of this kind. [19659003ButoutthepactagainstLagoslomansofthecurrentlypressedtheNationalChairmanNACCIMAchefAlabaLawsonanotofCanFcFTAwouldcreateasharedmarketof12millionpeoplewithaBIBestimatedat$25billion
"We can not, therefore, afford to be excluded from a common African market as it is a real strategy for increasing the competitiveness of economies. in the global economy Clearly, NACCIMA's position is that our beloved country should sign the AfCFTA.As a nation, we have been closely and long involved in the vision of an area of African free trade since the creation of the "African Unification of Africa." Nigeria must be part of AfCFTA as it is a platform for our small and medium-sized enterprises must be integrated into the regional economy and be a way to accelerate trade and economic empowerment. women. "
It advised that, in order to take full advantage of ALEFF, the government needed to step up current efforts to eradicate non-tariff and economic barriers, regulatory barriers to international trade such as border delays, customs procedures and binding inspection, as well as the elimination of multiple licenses and taxes.
She warned that a situation where it was easier to import than d & # 39; She said: "NACCIMA also notes that the immediate impact of the FTA is the loss of revenue from import duties and taxes that" The government should step up its efforts with policies that will ensure that Nigerian products and services are ready for the African market as soon as possible.
"As we continue to address issues around the AfCFTA, and are working on an implementation strategy to resolve the issues, we should sign the agreement now and set up a committee to Full implementation for when it will finally take "
While responding to the renewed call to sign the AfCFTA, the President, MAN, Dr. Frank Jacobs, at a press conference the badociation's position that it was not yet time to sign was reiterated on Wednesday, and noted that during the various meetings held with the representatives of the Nigerian Trade Negotiations Office, concerns had been expressed.
The recent study by the NOTN has not yet addressed flagrant deficiencies, "he said.
According to Jacobs, the lack of country study on the potential impact of AfCFTA and how Nigeria could benefit.
"No special attention was given to determine the cost-benefit badysis of the agreement, the sectors / subsectors that would benefit from the agreement or who would suffer from it are unknown; a clear recommendation on the strategies the government would take to strengthen the manufacturing sector's ability to compete effectively, "he said.
He said that stakeholders' concerns had been swept under the rug several times; Promoters of "In light of recent developments, we consider that it is necessary to inform you that an insignificant number of private sector operators in the private sector tactfully recommends that Mr. President Signs the camouflage agreement that the majority of Nigerians and the organized private sector are in agreement with their position.
"They are not essentially at home with the technical details of a trade agreement of this magnitude." The president of MAN congratulated President Muhammadu Buhari for hesitating to affix his signature and d & # 39; He expects that MAN has commissioned an independent study, which would be ready in a month and the result of which would determine whether Nigeria can sign Afcfta.
According to Jacobs, Nigeria could become a major player and the main driver of improving the volume of intra-African trade in an African free trade zone with the right mix of African countries. 39, commercial offers, rules of origin, the dispute settlement mechanism, non-tariff and technical barriers, among other protocols.
The way to ensure this positive proposal was to ensure that its negotiating team be guided by a credible and strategic country study.
He stressed that there was no wisdom He stressed the need to be certain that the agreement was synchronized and did not constrain the nation's existing economic policies , including Nigeria's Industrial Revolution Plan and the Economic Plan. Recovery and growth plan.
Copyright PUNCH.
All rights reserved. This material, and any other digital content on this site, may not be reproduced, published, disseminated, rewritten or redistributed in whole or in part without the prior written permission of PUNCH.
Contact: [email protected]
(Visited 5 times, 5 times today)
[ad_2]
Source link
