SlideShare a Scribd company logo
1 of 10
Slide 1: Title
 Title: Non-Tariff Barriers to Trade in West Africa: The Nigerian Perspective
 Subtitle: Overcoming Trade Challenges
Slide 2: Introduction
 Start with a map of West Africa, highlighting Nigeria.
 Explain the importance of trade in the region.
 Economic Impact: In the years leading up to 2021, intra-ECOWAS trade accounted for a
significant portion of the region's total trade. For instance, in 2019, intra-ECOWAS
exports amounted to approximately 12% of the region's total exports, demonstrating
the substantial economic impact of regional trade.
 Market Size: The ECOWAS region boasts a population of over 400 million people,
representing a sizable consumer market. The sheer size of this market provides a
tremendous opportunity for businesses to expand and generate revenue.
 Trade Diversification: Trade within ECOWAS has helped member states diversify their
export markets, reducing their dependency on a single market and enhancing economic
resilience.
 Infrastructure Development: Member states have invested in infrastructure to facilitate
trade, including transportation networks, border posts, and customs procedures, which
have improved trade efficiency and connectivity within the region.
 Job Creation: Increased trade has contributed to job creation as businesses expand and
require additional labor, thereby reducing unemployment rates.
 West Africa is a diverse and vibrant economic zone with a growing population and
significant trade potential.
 Introduce the concept of non-tariff barriers (NTBs) as obstacles to smooth trade.
 These are regulations, procedures, and practices that impede trade without involving
tariffs or taxes.
Slide 3: What are Non-Tariff Barriers (NTBs)?
Non-Tariff Barriers (NTBs) are regulatory and administrative obstacles to international trade that go
beyond tariffs (taxes on imports and exports). They encompass diverse measures like product standards,
customs procedures, import/export restrictions, and bureaucratic red tape. NTBs can impact trade by
increasing costs and causing delays. Addressing NTBs is essential in trade negotiations and agreements
to promote smoother international commerce while respecting legitimate regulatory goals like safety and
health.
 Define NTBs as trade barriers that are not taxes or duties.
 Unlike tariffs, NTBs don't involve direct fees but create hindrances.
 Examples: customs delays, complex regulations, quotas, and technical standards.
 Customs delays at border checkpoints can cause goods to spoil or incur extra costs, while
complex regulations may confuse traders.
Slide 4: NTBs in Nigeria
 List common NTBs faced by traders in Nigeria.
 Customs bureaucracy: Lengthy paperwork, inspections, and clearance processes.
 Roadblocks: Unauthorized checkpoints and extortion by security forces.
 Inconsistent regulations: Different states may have varying rules and fees.
 Product standards: Meeting varying quality and safety standards can be challenging.
 Provide examples for each NTB:
 For customs bureaucracy, explain how paperwork can take weeks to clear.
 Share a real-life story of a truck delayed at a roadblock.
 Explain how different states' regulations can lead to confusion.
 Discuss the challenges of conforming to varying product standards.
Slide 5: Impact on Trade
 Use visuals to illustrate trade disruptions caused by NTBs (e.g., a broken bridge blocking a trade
route).
 Explain how NTBs slow down trade:
 Delays result in higher transportation costs and, sometimes, goods spoilage.
 Uncertainty discourages investment and trade.
 Discuss how NTBs hinder economic growth:
 Reduced trade means less economic activity and fewer job opportunities.
Slide 6: Addressing NTBs
 Show Nigeria's flag next to icons representing solutions.
 Discuss measures taken by Nigeria to address NTBs, such as simplifying regulations, improving
infrastructure, and harmonizing standards.
 Regulatory simplification: Describe efforts to streamline processes and reduce red tape.
 Trade Facilitation Portal: Nigeria has launched the Nigeria Single Window Trade
Portal, an online platform that streamlines trade-related processes, reduces
paperwork, and simplifies customs procedures. It allows businesses to submit
trade documents electronically, reducing the time and cost of compliance.
 Automated System for Customs Data (ASYCUDA): Nigeria implemented
ASYCUDA, an automated customs management system that improves
transparency and efficiency in customs operations. This system helps reduce
delays and corruption at ports.
 Infrastructure improvement: Explain projects aimed at road and border post upgrades.
 Port Infrastructure: Nigeria has invested in upgrading its port infrastructure,
including the Lagos Port Complex and Tin Can Island Port in Lagos, to enhance
the efficiency of cargo handling and reduce congestion. For instance, the
rehabilitation of the Apapa and Tin Can Island ports in Lagos has led to increased
efficiency in goods handling and reduced congestion.
 Road and Transportation Networks: Improvements in road networks and
transportation systems have been made to facilitate the movement of goods
within the country and across borders.
 Harmonization of standards: Discuss initiatives to align Nigerian product standards with
international norms and those of neighboring countries.
 Standards Organization of Nigeria (SON): Nigeria has worked with SON to
harmonize product standards with international best practices. This alignment
reduces discrepancies in quality and safety standards, making it easier for
Nigerian products to meet export requirements.
 Regional and International Standards: Nigeria participates in regional
organizations like ECOWAS, which promotes regional harmonization of
standards. Additionally, Nigeria adheres to international standards and
agreements, such as those set by the World Trade Organization (WTO) and the
Codex Alimentarius Commission for food safety.
1. Digitalization and Trade Facilitation:
 National Trade Platform: Nigeria has initiated the development of a National
Trade Platform (NTP) to further digitalize trade processes and enhance
transparency and efficiency in customs and trade-related procedures.
 e-Customs and Risk Management Systems: Implementation of electronic
customs systems and risk management tools has improved the speed and
accuracy of customs clearance, reducing the scope for arbitrary delays and NTBs.
2. Engagement in Trade Agreements: Nigeria's participation in regional trade
agreements like the ECOWAS Trade Liberalization Scheme (ETLS) and the African
Continental Free Trade Area (AfCFTA) fosters cooperation with neighboring countries,
aiming to reduce NTBs and promote smoother trade.
Slide 7: Conclusion
 Summarize key points.
 Emphasize Nigeria's commitment to removing NTBs for smoother intra-regional trade:
 Highlight specific policies or reforms that demonstrate this commitment.
 AfCFTA Focus: Establishment of the National Action Committee on AfCFTA to
coordinate efforts towards removing trade barriers within Africa.
 PEBEC Initiatives: Implementation of reforms by the Presidential Enabling Business
Environment Council (PEBEC) to simplify trade processes and reduce bureaucracy.
 Nigerian Single Window (NSW): Deployment of the NSW digital platform to
streamline customs and trade-related processes, enhancing transparency and efficiency.
 Trade Facilitation Committees: Formation of committees like the National Trade
Facilitation Committee (NTFC) to encourage multi-stakeholder collaboration in
identifying and eliminating NTBs.
 Customs Modernization: Modernization efforts, including the Pre-Arrival Assessment
Report (PAAR) system, aimed at reducing customs clearance times and improving
transparency.
 Infrastructure Investment: Significant investment in infrastructure, especially in ports
and transportation networks, to enhance connectivity and trade flow.
 Harmonization of Standards: Active participation in regional harmonization efforts
within ECOWAS to reduce technical barriers to trade.
 Capacity Building: Investment in capacity-building programs for customs officials and
trade facilitation experts to enhance competence.
 Encourage collaboration among West African countries to create a more trade-friendly
environment:
 Mention regional efforts and organizations, such as ECOWAS, that are working toward
NTB reduction.
 ECOWAS (Economic Community of West African States):
 Implements the ETLS to eliminate trade barriers within West Africa.
 Operates a trade facilitation program focusing on customs simplification and
infrastructure improvement.
 African Continental Free Trade Area (AfCFTA):
 Aims to create a single market in Africa and actively works on NTB reduction.
 Focuses on customs delays, administrative bottlenecks, and other NTBs to
promote intra-African trade.
 COMESA (Common Market for Eastern and Southern Africa):
 Has a mechanism for reporting and addressing NTBs among member states.
 Promotes collaborative resolution of trade-related issues.
 SADC (Southern African Development Community):
 Develops trade facilitation programs targeting NTB reduction and customs
improvement.
 Enhances trade infrastructure and processes within southern Africa.
 EAC (East African Community):
 Works on eliminating NTBs to create a seamless trade environment.
 Initiatives include the removal of roadblocks and simplification of customs
procedures.
 ASEAN (Association of Southeast Asian Nations):
 Addresses NTBs through agreements like ATIGA, focusing on standard
harmonization and customs streamlining.
 Promotes smoother trade within Southeast Asia.
 GCC (Gulf Cooperation Council):
 Focuses on NTB reduction within GCC member states.
 Targets customs clearance processes and technical regulations to facilitate intra-
GCC trade.
 Stress the importance of collective action in overcoming trade challenges in the region.
 Harmonization of Regulations: Collective action allows for the alignment of trade
regulations and standards, reducing complexity for businesses.
 NTB Reduction: Working together helps identify and eliminate common Non-Tariff
Barriers (NTBs), streamlining trade and lowering costs.
 Infrastructure Development: Regional cooperation facilitates investment in critical
trade infrastructure, enhancing efficiency and connectivity.
 Capacity Building: Collective efforts improve the skills and knowledge of customs
officials, regulatory bodies, and businesses involved in trade.
 Advocacy and Negotiation Power: A unified region has stronger negotiating leverage
in international trade agreements, benefiting member states.
 Economic Resilience: Cooperation ensures mutual support during economic
challenges, enhancing overall resilience.
 Market Expansion: Reduced barriers create a larger, more attractive market, attracting
investment and job creation.
 Conflict Prevention: Economic cooperation fosters stability, reducing the risk of
conflicts that disrupt trade.
 Resource Pooling: Collective action allows countries to pool resources and expertise to
address global challenges.
 Sustainable Development: Regional cooperation promotes sustainable practices,
benefiting long-term trade and growth.

More Related Content

Similar to Flow of trade NTBs.docx

Trade facilitation - Import &Export
Trade facilitation - Import &ExportTrade facilitation - Import &Export
Trade facilitation - Import &ExportAugustine Aling
 
Ppt on Foreign Trade Management MBA Level
Ppt on Foreign Trade Management MBA LevelPpt on Foreign Trade Management MBA Level
Ppt on Foreign Trade Management MBA LevelVishrutiSinha
 
Economic environment unit7
Economic environment unit7Economic environment unit7
Economic environment unit7UNBFS
 
Economic environment unit7
Economic environment unit7Economic environment unit7
Economic environment unit7UNBFS
 
Economic environment unit7
Economic environment unit7Economic environment unit7
Economic environment unit7UNBFS
 
eTransform Africa: Regional Trade and Integration
eTransform Africa: Regional Trade and Integration eTransform Africa: Regional Trade and Integration
eTransform Africa: Regional Trade and Integration eTransform Africa
 
SME Sector - Backbone Of Global Economy
SME Sector - Backbone Of Global EconomySME Sector - Backbone Of Global Economy
SME Sector - Backbone Of Global EconomyShantanu Bhadkamkar
 
Regulation, Customs and Border Management
Regulation, Customs and Border Management Regulation, Customs and Border Management
Regulation, Customs and Border Management Alex Kanyama Zulu
 
G20 Australia Presidency oecd stocktaking seminar on global value chains
G20 Australia Presidency oecd stocktaking seminar on global value chainsG20 Australia Presidency oecd stocktaking seminar on global value chains
G20 Australia Presidency oecd stocktaking seminar on global value chainsDr Lendy Spires
 
Aeo system for self assessment of customs duty
Aeo system for self assessment of customs dutyAeo system for self assessment of customs duty
Aeo system for self assessment of customs dutyM S Siddiqui
 
Topic #5 -Trade Policies.pptx
Topic #5 -Trade Policies.pptxTopic #5 -Trade Policies.pptx
Topic #5 -Trade Policies.pptxWinnieOsorio1
 
Weldon- Ministerial brief Final MH Mark (3)
Weldon- Ministerial brief Final MH Mark (3)Weldon- Ministerial brief Final MH Mark (3)
Weldon- Ministerial brief Final MH Mark (3)Weldon K.
 
Promoting advocacy on intra african trade for development in africa
Promoting advocacy on intra african trade for development in africaPromoting advocacy on intra african trade for development in africa
Promoting advocacy on intra african trade for development in africaDr Lendy Spires
 
Aid for Trade in COMESA: Past Experience, Lessons Learnt and the Way Forward
Aid for Trade in COMESA: Past Experience, Lessons Learnt and the Way ForwardAid for Trade in COMESA: Past Experience, Lessons Learnt and the Way Forward
Aid for Trade in COMESA: Past Experience, Lessons Learnt and the Way ForwardEuforic Services
 
Development Cooperation - AFT Initiative - Kariyma Baltimore - Trade Officer
Development Cooperation - AFT Initiative - Kariyma Baltimore - Trade Officer Development Cooperation - AFT Initiative - Kariyma Baltimore - Trade Officer
Development Cooperation - AFT Initiative - Kariyma Baltimore - Trade Officer Antigua Epa
 

Similar to Flow of trade NTBs.docx (20)

Trade facilitation - Import &Export
Trade facilitation - Import &ExportTrade facilitation - Import &Export
Trade facilitation - Import &Export
 
Ppt on Foreign Trade Management MBA Level
Ppt on Foreign Trade Management MBA LevelPpt on Foreign Trade Management MBA Level
Ppt on Foreign Trade Management MBA Level
 
WCO: Research Unit
WCO: Research UnitWCO: Research Unit
WCO: Research Unit
 
FINAL-B20 Trade TF Final Policy Paper (1)
FINAL-B20 Trade TF Final Policy Paper (1)FINAL-B20 Trade TF Final Policy Paper (1)
FINAL-B20 Trade TF Final Policy Paper (1)
 
Digital Trade Roadmap
Digital Trade RoadmapDigital Trade Roadmap
Digital Trade Roadmap
 
Economic environment unit7
Economic environment unit7Economic environment unit7
Economic environment unit7
 
Economic environment unit7
Economic environment unit7Economic environment unit7
Economic environment unit7
 
Economic environment unit7
Economic environment unit7Economic environment unit7
Economic environment unit7
 
eTransform Africa: Regional Trade and Integration
eTransform Africa: Regional Trade and Integration eTransform Africa: Regional Trade and Integration
eTransform Africa: Regional Trade and Integration
 
Nt bs vol 5 a4 - small
Nt bs vol 5   a4 - smallNt bs vol 5   a4 - small
Nt bs vol 5 a4 - small
 
SME Sector - Backbone Of Global Economy
SME Sector - Backbone Of Global EconomySME Sector - Backbone Of Global Economy
SME Sector - Backbone Of Global Economy
 
Glossary of Terms
Glossary of TermsGlossary of Terms
Glossary of Terms
 
Regulation, Customs and Border Management
Regulation, Customs and Border Management Regulation, Customs and Border Management
Regulation, Customs and Border Management
 
G20 Australia Presidency oecd stocktaking seminar on global value chains
G20 Australia Presidency oecd stocktaking seminar on global value chainsG20 Australia Presidency oecd stocktaking seminar on global value chains
G20 Australia Presidency oecd stocktaking seminar on global value chains
 
Aeo system for self assessment of customs duty
Aeo system for self assessment of customs dutyAeo system for self assessment of customs duty
Aeo system for self assessment of customs duty
 
Topic #5 -Trade Policies.pptx
Topic #5 -Trade Policies.pptxTopic #5 -Trade Policies.pptx
Topic #5 -Trade Policies.pptx
 
Weldon- Ministerial brief Final MH Mark (3)
Weldon- Ministerial brief Final MH Mark (3)Weldon- Ministerial brief Final MH Mark (3)
Weldon- Ministerial brief Final MH Mark (3)
 
Promoting advocacy on intra african trade for development in africa
Promoting advocacy on intra african trade for development in africaPromoting advocacy on intra african trade for development in africa
Promoting advocacy on intra african trade for development in africa
 
Aid for Trade in COMESA: Past Experience, Lessons Learnt and the Way Forward
Aid for Trade in COMESA: Past Experience, Lessons Learnt and the Way ForwardAid for Trade in COMESA: Past Experience, Lessons Learnt and the Way Forward
Aid for Trade in COMESA: Past Experience, Lessons Learnt and the Way Forward
 
Development Cooperation - AFT Initiative - Kariyma Baltimore - Trade Officer
Development Cooperation - AFT Initiative - Kariyma Baltimore - Trade Officer Development Cooperation - AFT Initiative - Kariyma Baltimore - Trade Officer
Development Cooperation - AFT Initiative - Kariyma Baltimore - Trade Officer
 

Recently uploaded

Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...shivangimorya083
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfGale Pooley
 
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...Call Girls in Nagpur High Profile
 
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]Commonwealth
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfGale Pooley
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptxFinTech Belgium
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyTyöeläkeyhtiö Elo
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...makika9823
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...Suhani Kapoor
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Roomdivyansh0kumar0
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130Suhani Kapoor
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdfFinTech Belgium
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...ssifa0344
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services  9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services  9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free DeliveryPooja Nehwal
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingQuarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingMaristelaRamos12
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designsegoetzinger
 

Recently uploaded (20)

Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
 
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
 
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
 
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services  9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services  9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 
Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024
 
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingQuarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of Marketing
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 

Flow of trade NTBs.docx

  • 1. Slide 1: Title  Title: Non-Tariff Barriers to Trade in West Africa: The Nigerian Perspective  Subtitle: Overcoming Trade Challenges Slide 2: Introduction  Start with a map of West Africa, highlighting Nigeria.  Explain the importance of trade in the region.  Economic Impact: In the years leading up to 2021, intra-ECOWAS trade accounted for a significant portion of the region's total trade. For instance, in 2019, intra-ECOWAS exports amounted to approximately 12% of the region's total exports, demonstrating the substantial economic impact of regional trade.  Market Size: The ECOWAS region boasts a population of over 400 million people, representing a sizable consumer market. The sheer size of this market provides a tremendous opportunity for businesses to expand and generate revenue.  Trade Diversification: Trade within ECOWAS has helped member states diversify their export markets, reducing their dependency on a single market and enhancing economic resilience.  Infrastructure Development: Member states have invested in infrastructure to facilitate trade, including transportation networks, border posts, and customs procedures, which have improved trade efficiency and connectivity within the region.  Job Creation: Increased trade has contributed to job creation as businesses expand and require additional labor, thereby reducing unemployment rates.  West Africa is a diverse and vibrant economic zone with a growing population and significant trade potential.
  • 2.  Introduce the concept of non-tariff barriers (NTBs) as obstacles to smooth trade.  These are regulations, procedures, and practices that impede trade without involving tariffs or taxes. Slide 3: What are Non-Tariff Barriers (NTBs)? Non-Tariff Barriers (NTBs) are regulatory and administrative obstacles to international trade that go beyond tariffs (taxes on imports and exports). They encompass diverse measures like product standards, customs procedures, import/export restrictions, and bureaucratic red tape. NTBs can impact trade by increasing costs and causing delays. Addressing NTBs is essential in trade negotiations and agreements to promote smoother international commerce while respecting legitimate regulatory goals like safety and health.  Define NTBs as trade barriers that are not taxes or duties.  Unlike tariffs, NTBs don't involve direct fees but create hindrances.  Examples: customs delays, complex regulations, quotas, and technical standards.  Customs delays at border checkpoints can cause goods to spoil or incur extra costs, while complex regulations may confuse traders.
  • 3. Slide 4: NTBs in Nigeria  List common NTBs faced by traders in Nigeria.  Customs bureaucracy: Lengthy paperwork, inspections, and clearance processes.
  • 4.  Roadblocks: Unauthorized checkpoints and extortion by security forces.  Inconsistent regulations: Different states may have varying rules and fees.
  • 5.  Product standards: Meeting varying quality and safety standards can be challenging.  Provide examples for each NTB:  For customs bureaucracy, explain how paperwork can take weeks to clear.  Share a real-life story of a truck delayed at a roadblock.  Explain how different states' regulations can lead to confusion.  Discuss the challenges of conforming to varying product standards. Slide 5: Impact on Trade  Use visuals to illustrate trade disruptions caused by NTBs (e.g., a broken bridge blocking a trade route).
  • 6.  Explain how NTBs slow down trade:  Delays result in higher transportation costs and, sometimes, goods spoilage.  Uncertainty discourages investment and trade.  Discuss how NTBs hinder economic growth:  Reduced trade means less economic activity and fewer job opportunities. Slide 6: Addressing NTBs  Show Nigeria's flag next to icons representing solutions.
  • 7.  Discuss measures taken by Nigeria to address NTBs, such as simplifying regulations, improving infrastructure, and harmonizing standards.  Regulatory simplification: Describe efforts to streamline processes and reduce red tape.  Trade Facilitation Portal: Nigeria has launched the Nigeria Single Window Trade Portal, an online platform that streamlines trade-related processes, reduces paperwork, and simplifies customs procedures. It allows businesses to submit trade documents electronically, reducing the time and cost of compliance.  Automated System for Customs Data (ASYCUDA): Nigeria implemented ASYCUDA, an automated customs management system that improves transparency and efficiency in customs operations. This system helps reduce delays and corruption at ports.  Infrastructure improvement: Explain projects aimed at road and border post upgrades.  Port Infrastructure: Nigeria has invested in upgrading its port infrastructure, including the Lagos Port Complex and Tin Can Island Port in Lagos, to enhance the efficiency of cargo handling and reduce congestion. For instance, the rehabilitation of the Apapa and Tin Can Island ports in Lagos has led to increased efficiency in goods handling and reduced congestion.  Road and Transportation Networks: Improvements in road networks and transportation systems have been made to facilitate the movement of goods within the country and across borders.  Harmonization of standards: Discuss initiatives to align Nigerian product standards with international norms and those of neighboring countries.  Standards Organization of Nigeria (SON): Nigeria has worked with SON to harmonize product standards with international best practices. This alignment reduces discrepancies in quality and safety standards, making it easier for Nigerian products to meet export requirements.  Regional and International Standards: Nigeria participates in regional organizations like ECOWAS, which promotes regional harmonization of standards. Additionally, Nigeria adheres to international standards and agreements, such as those set by the World Trade Organization (WTO) and the Codex Alimentarius Commission for food safety. 1. Digitalization and Trade Facilitation:  National Trade Platform: Nigeria has initiated the development of a National Trade Platform (NTP) to further digitalize trade processes and enhance transparency and efficiency in customs and trade-related procedures.
  • 8.  e-Customs and Risk Management Systems: Implementation of electronic customs systems and risk management tools has improved the speed and accuracy of customs clearance, reducing the scope for arbitrary delays and NTBs. 2. Engagement in Trade Agreements: Nigeria's participation in regional trade agreements like the ECOWAS Trade Liberalization Scheme (ETLS) and the African Continental Free Trade Area (AfCFTA) fosters cooperation with neighboring countries, aiming to reduce NTBs and promote smoother trade. Slide 7: Conclusion  Summarize key points.  Emphasize Nigeria's commitment to removing NTBs for smoother intra-regional trade:  Highlight specific policies or reforms that demonstrate this commitment.  AfCFTA Focus: Establishment of the National Action Committee on AfCFTA to coordinate efforts towards removing trade barriers within Africa.  PEBEC Initiatives: Implementation of reforms by the Presidential Enabling Business Environment Council (PEBEC) to simplify trade processes and reduce bureaucracy.  Nigerian Single Window (NSW): Deployment of the NSW digital platform to streamline customs and trade-related processes, enhancing transparency and efficiency.  Trade Facilitation Committees: Formation of committees like the National Trade Facilitation Committee (NTFC) to encourage multi-stakeholder collaboration in identifying and eliminating NTBs.  Customs Modernization: Modernization efforts, including the Pre-Arrival Assessment Report (PAAR) system, aimed at reducing customs clearance times and improving transparency.  Infrastructure Investment: Significant investment in infrastructure, especially in ports and transportation networks, to enhance connectivity and trade flow.  Harmonization of Standards: Active participation in regional harmonization efforts within ECOWAS to reduce technical barriers to trade.  Capacity Building: Investment in capacity-building programs for customs officials and trade facilitation experts to enhance competence.  Encourage collaboration among West African countries to create a more trade-friendly environment:  Mention regional efforts and organizations, such as ECOWAS, that are working toward NTB reduction.  ECOWAS (Economic Community of West African States):  Implements the ETLS to eliminate trade barriers within West Africa.
  • 9.  Operates a trade facilitation program focusing on customs simplification and infrastructure improvement.  African Continental Free Trade Area (AfCFTA):  Aims to create a single market in Africa and actively works on NTB reduction.  Focuses on customs delays, administrative bottlenecks, and other NTBs to promote intra-African trade.  COMESA (Common Market for Eastern and Southern Africa):  Has a mechanism for reporting and addressing NTBs among member states.  Promotes collaborative resolution of trade-related issues.  SADC (Southern African Development Community):  Develops trade facilitation programs targeting NTB reduction and customs improvement.  Enhances trade infrastructure and processes within southern Africa.  EAC (East African Community):  Works on eliminating NTBs to create a seamless trade environment.  Initiatives include the removal of roadblocks and simplification of customs procedures.  ASEAN (Association of Southeast Asian Nations):  Addresses NTBs through agreements like ATIGA, focusing on standard harmonization and customs streamlining.  Promotes smoother trade within Southeast Asia.  GCC (Gulf Cooperation Council):  Focuses on NTB reduction within GCC member states.  Targets customs clearance processes and technical regulations to facilitate intra- GCC trade.  Stress the importance of collective action in overcoming trade challenges in the region.  Harmonization of Regulations: Collective action allows for the alignment of trade regulations and standards, reducing complexity for businesses.  NTB Reduction: Working together helps identify and eliminate common Non-Tariff Barriers (NTBs), streamlining trade and lowering costs.  Infrastructure Development: Regional cooperation facilitates investment in critical trade infrastructure, enhancing efficiency and connectivity.  Capacity Building: Collective efforts improve the skills and knowledge of customs officials, regulatory bodies, and businesses involved in trade.  Advocacy and Negotiation Power: A unified region has stronger negotiating leverage in international trade agreements, benefiting member states.  Economic Resilience: Cooperation ensures mutual support during economic challenges, enhancing overall resilience.
  • 10.  Market Expansion: Reduced barriers create a larger, more attractive market, attracting investment and job creation.  Conflict Prevention: Economic cooperation fosters stability, reducing the risk of conflicts that disrupt trade.  Resource Pooling: Collective action allows countries to pool resources and expertise to address global challenges.  Sustainable Development: Regional cooperation promotes sustainable practices, benefiting long-term trade and growth.