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  • ***Nigeria’s Chief Trade Negotiator and DG NOTN, Ambassador Osakwe informs the business community at the 9th annual edition of the BusinessDay CEO Forum that Nigeria remains open, engaged and committed to trade integration in the rules-based global economy. *** The protectionist stereotyping of Nigeria is off-key and wrong. Domestically, all shades of trade opinions exist. What is essential is that Nigeria remains open to trade and committed to a rules-based economy - Amb. Osakwe *** “Nestlé is one of the pillars of the Nigerian economy for modernisation, innovation and employment. It has set a good example and there is scope for much more.” - Ambassador Osakwe, DG NOTN at the BusinessDay CEO Forum *** The NOTN has extended by two weeks call for input from all stakeholders in the preparation of an updated "21st Century Trade Policy for Nigeria – A Welfare & Prosperity Trade Agenda that Works for All”. Please submit ideas on or before Oct. 15th, 2018 *** NERC Commissioner for Legal Licensing and Compliance, Dafe Akpeneye and DG NOTN, Amb. Osakwe prioritize growth and job creation with offensive liberalization commitments ***

STATE OF PLAY ON THE AfCFTA SENSITIZATION AND CONSULTATION EXERCISE

As directed by the Presidency, the Nigerian Office for Trade Negotiations conducted a nationwide, sectoral and industry wide consultation and sensitization exercise on the African Continental Free Trade Area from the 15th of March to the 14th of June, 2018. The process of Nation-wide sensitization was transparent and substantive. It set a standard for openness. Complex technical issues were explained rigorously to both Government and Private Sector Stakeholders. It was a hugely beneficial exercise in the sustained efforts by Government to explain, consult and in turn, improve understanding on trade-related competitiveness issues. The adopted Communiqués, Factual Summary and autonomously submitted communiqués attest to the rigour and scope of the exercise. These outputs have been submitted to the Government and shall be posted on the website of the NOTN. A total of twenty-seven (27) groups were consulted in dedicated meetings, including NACCIMA, NASME, MAN, FESPAN, RIPAN, PAN and the NLC. The sensitization exercise also included meetings within consultative forums in all the 6 geopolitical zones, involving one thousand seven hundred and fifty-one (1751) persons. The results of consultations with Stakeholders in the 6 Nigerian Geopolitical Zones were reflected in 5 Communiques and 1 Factual Summary, openly, and transparently adopted and available to the public. In addition, the Nigerian Office for Trade Negotiations invited inputs from the entirety of the Nigerian public and private sector inputs to accompany the submission of autonomous inputs to the Government. The requests for inputs were called for through radio, TV, daily newspapers and social media. Eleven (11) private sector Stakeholders, autonomously, submitted signed inputs to the Federal Government of Nigeria, as follows:  Association of Women Entrepreneurs (AWEP);  National Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMMA);  Federation of South-South Chambers of Commerce Industry Mines and Agriculture (Fossccima);  Nigerian Association of Small and Medium Enterprises (NASMEs);  Nigerian Agri-Business Group (NABG);  Manufacturers Association of Nigeria (MAN);  Digital Economy (Jumia);  Nigerian Stock Exchange (NSE);  Nigerian Economic Summit Group (NESG);  Nigerian Institute of Advanced Legal Studies (NIALS); and,  Nigerian Proforce Defence Company. In terms of the state of play on the substance of the AfCFTA, Nigeria is currently re-focused on its continued working relationship with relevant MDA’s and the Organised Private Sector, to coordinate a joint position for Nigeria on the AfCFTA. As at date the preparation of the draft list of tariff lines that would eventually be validated as a Draft Schedule for Tariff Concessions for Trade in Goods is an active process underway. The process was initiated with a communication to MAN, requesting for inputs, on the 11th May. The request for inputs from MAN followed dedicated meetings with MAN on 15th March, 27th April and telephone contacts. Technical inputs were received from MAN, based on which the non-draft offer was forwarded to MAN on 11th May. A technical feedback is still being awaited from MAN. MAN has not acknowledged the draft and a technical feedback is still awaited from MAN. Furthermore, on 6th June, the same non-draft offer was circulated to the OPS (NASME, NACCIMA, LCCI and re-circulated, again to the MAN). On 26th June, the Technical Working Group on Goods, chaired by NOTN, started the process of reviewing the non-Draft Offer on Goods, with the participation of MAN. This process is envisaged to continue for the next 1 month to be finalized, following a final review with the Tariff Technical Committee (TTC), with competent jurisdiction for Nigerian Tariffs. Concerning rules of Origin, Annexed to the AfCFTA Protocol on Trade in Goods, is the Annex on Rules of Origin, with general provisions on the rules of origin (specifically, wholly obtained, substantial transformation, proof of origin, verification of origin and processes not conferring origin). As agreed in the AfCFTA, product-specific rules of origin shall be work in progress, over a 24-month period. In addition to this, safeguard measures have been negotiated, and are reflected in Annex (Annex 9) on Trade Remedies, to the Protocol on Trade in Goods. These Trade Remedies encompass Preferential Safeguard Measures; Anti-Dumping; and, Subsidies and Countervailing Measures. This Annex shall come into force with the coming into force of the AfCFTA. However, one of the deficiencies in Nigeria’s conduct and management of trade policy is the absence of a Trade Remedy Infrastructure. This one of the mandates by the Federal Executive Council in the establishment of the NOTN. Currently, Nigeria’s capacity for the invocation and application of a trade remedy infrastructure is being developed. The calendar for establishment of the Trade Remedy Infrastructure is December 2018. As we build the partnership and expand the constituency for trade and investments as engines for growth in the Nigerian economy, the NOTN office, welcomes and appreciates the inputs, technical and professional support received from the OPS and partner MDAs, through the course of this exercise. Economies that are open to trade and investment and provide appropriate, pro-development safeguards in a rules-based global economy will prosper and thrive. The NOTN office remains committed to the process of creating market opportunities for the Nigerian Economy and our thriving industries.