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NCS, AfCFTA strategize to boost trade facilitation

Trade facilitation workshop holds in Abuja

Credible News by Credible News
October 20, 2024
in Development, Economy, Global Trade, News
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NCS, AfCFTA strategize to boost trade facilitation
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Efforts to enhance trade facilitation across the African continent got a boost recently when the Nigeria Customs Service, NCS, in collaboration with the African Continental Free Trade Area, AfCFTA, Coordination Committee, held a one-day workshop un Abuja.

The event brought together key officers of the NCS, including Area Controllers and representatives from the AfCFTA Coordination Office, to discuss strategies for improving trade across Africa.

National Coordinator of the AfCFTA Committee, Segun Awolowo highlighted the immense potential of AfCFTA in transforming Africa’s economic landscape. He also emphasised the need to eliminate tariffs on most goods and services, reducing barriers to capital and labour, and creating a more favourable environment for investment across the continent.

“The objective of today’s workshop is to highlight the crucial role played by our trade exit points, the vital function of our port Area Controllers, and the importance of Customs command posts under the AfCFTA framework.

“These elements are pivotal in ensuring that the seamless facilitation of trade, as envisaged by the AfCFTA, becomes a practical reality for businesses in Nigeria and across Africa”, Awolowo said.

Deputy Comptroller-General of Customs in charge of the NCS Tariff & Trade Department, Caroline Niagwan reiterated the NCS’s commitment to fully supporting the implementation of AfCFTA through measures that simplify trade processes and promote regional integration.

“It is our responsibility to ensure that we deploy efficient measures that simplify the implementation of AfCFTA.

“This includes the digitisation and harmonisation of Customs procedures to facilitate the smooth flow of goods and services across African borders”, Niagwan remarked.

She further stressed the need for the NCS to modernise its operations by leveraging digital tools that streamline trade processes and improve overall performance.

“To achieve the objectives of the AfCFTA, we must embrace technological advancements that enable us to carry out our mandate efficiently,” she added.

The workshop also addressed the significant opportunities AfCFTA presents for small and medium-sized enterprises, SMEs.

The  collaboration is expected to position African SMEs to compete more effectively on the global stage by unlocking new markets and removing trade barriers.

The cooperation between the NCS and the AfCFTA Coordination Committee is considered essential in ensuring that the continent fully benefits from integrated trade, ultimately fostering sustainable economic growth across Africa.

The workshop marks another step in Nigeria’s ongoing efforts to align its trade policies with the broader vision of African economic integration and development.

 

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Tags: AfCFTANCS
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