President Bola Ahmed Tinubu will on Tuesday unveil ‘Preferential Trade Initiative’ as part of implementation of African Continental Free Trade Area (AfCFTA), Guided Trade Initiative (GTI).
Gatekeepers News reports that Senior Trade Policy and Law Expert/Lead Trade Enablement, Nigeria AfCFTA Coordination Office, Olusegun Olutayo disclosed through a statement released on Saturday.
Olutayo noted that the launch of Preferential Trade Initiative will take place on 16th July 2024 at Apapa Port, Lagos State.
National Coordinator, Nigeria AfCFTA Coordination Office, Olusegun Awolowo while speaking, said, “Nigeria signed the AfCFTA Agreement on 7 July 2019, becoming the 34th AfCFTA State Party.”
“With a robust economy across different industries and a huge potential effect on value chains across the continent, Nigeria’s readiness and preparedness for preferential trading under the AfCFTA preferential trade regime would immensely contribute to repositioning the continental market as a global trade market and rallying point.”
“Nigeria is ready to unleash an army of exporters into Africa. Everything Africa needs for Africa is already in Africa.”
The launch will be attended by Secretary to Government of the Federation, Secretary-General of AfCFTA Secretariat, Minister of Trade, Industry, and Investment of Nigeria, Minister of Finance, and Coordinating Minister of the Economy.
Other proposed attendees include Ministers Responsible for Trade, Diplomatic Corps, International Development Partners, and Heads of Businesses.
