Business
USAID Supports Centre To Boost Nigeria, US Trade
The United States Agency for International Development’s West Africa Trade and Investment Hub (Trade Hub) has trained coordinators from seven West African countries to assist businesses with the processes and documentation required for exporting to the United States under the African Growth and Opportunity Act (AGOA).
The two-day training, which was conducted between April 12 and 13, 2016, saw coordinators from AGOA Trade Resource Centres (ATRCs) in Nigeria as well as Benin, Burkina Faso, Cameroon, Côte d’Ivoire, Ghana, and Senegal convene to learn new skills on how to deliver services in trade intelligence, export development, business promotion and trade facilitation to existing and potential exporters.
A statement issued by the United States Embassy in Nigeria, and made available to The Tide by email, explained that the participants also learnt from best practices across the region, and shared experiences in supporting exporters.
Hosted within local institutions, the statement indicated that the ATRCs have assisted over 2,700 businesses seeking to export to the United States under AGOA, which waives duties and quotas on thousands of goods made in eligible sub-Saharan African countries.
USAID/Nigeria Director, Michael T. Harvey, said that since 2005, the agency has provided grants to build the sustainability of the ATRC network and the host institutions that provide trade-related services to private sector companies.
He noted that the grants cover training and the costs of building a database of exporters, further enabling ATRCs to develop exporters’ capacity, market linkages, and sector-specific strategies to boost trade.
The Tide learnt that USAID supports greater use of AGOA’s tariff advantages across West Africa.
According to the statement, “Each ATRC is expected to undertake activities that enhance the export potential of companies seeking to take advantage of AGOA.
“These activities include: developing and providing trade intelligence services through trade and business associations or directly to individual businesses; promoting trade and export development advisory services by providing hands-on assistance directly to companies to help them understand market requirements and regulations, packaging/labeling, costing, and finance; providing business promotion services with trade show/fair participation and facilitation of regional and international business linkages; and providing customs documentation assistance to businesses.
“This support is building a solid and sustainable network of local institutions that can tailor services to the private sector to enhance their capacity to trade regionally and export to international markets,” it added.
Susan Serekara-Nwikhana
Business
NCDMB, Dangote Refinery Unveil JTC On Deepening Local Content
Business
Food Security: NDDC Pays Counterpart Fund For LIFE-ND Project
Business
Replace Nipa Palms With Mangroove In Ogoni, Group Urges FG, HYPREP
-
Sports4 days ago
Eagles B Players Admit Pressure For CHAN Qualification
-
Niger Delta4 days ago
Don Highlights On The Potential Of Groundwater As Hidden Wealth For Sustainable Future
-
Rivers4 days ago
Group Seeks Prosecution Of Clergy, Others Over Attempted Murder
-
Opinion4 days ago
Restoring Order, Delivering Good Governance
-
Business4 days ago
CRG Partner JR Farms To Plant 30m Coffee Seedlings
-
Foods/Drinks4 days ago
What To Know About Your Menu
-
Niger Delta4 days ago
NDLEA Intercepts 584.171kg Hard Drugs In Bayelsa … Arrests 559 Suspects
-
Rivers4 days ago
Four Internet Fraudstars Get Different Jail Terms In PH