Poland - Africa Economic Forum is powered by Trade Nigeria to enhance trade, business, investment and economic opportunities between Africa and Poland.
The relationship between Africa and Poland over the years has been mutually beneficial guided by trust, respect and friendly relations.
Turkey - Africa Economic Forum to Turkey is an annual bilateral innovative, business and economic platform to enhance joint trade, investment and economic opportunities among nations involved.
The New-Zealand - Africa Economic and Investment Forum is intended to take representatives to forthcoming abroad's structure hardware and innovation markets for seven days of site visits, gatherings, organizing occasions and briefings with driving structure gear and mechanical organizations, nearby providers, affiliations and government bodies.
Taiwan Africa Economic and Investment Forum
The Taiwan Africa Economic and Investment Forum is held jointly by African Embassies and Trade offices in Taiwan and the Ministry of Foreign Affairs.
Export Finance is the term to describe the specialist range of finance focused on the export market.
Export financing aims to support businesses reaching an international market. Once a shipment has left domestic customs, there can be a significant time period while the goods are in transit, and are then collected by the importer.
Trade Finance is an important external source of working capital finance. It is a form of short-term credit typically used by companies that export or import goods. It is relatively easy to secure short term finance, if you have a strong trading record, secured against goods or backed by an insurance policy.
President of Globe Chambers of Commerce, Hon. Nwabueze Buchi Goerge alongside other Africa’s top and influential business executives and strategists will speak at a webinar that will review the role Africa must play to produce the next leader of the World Trade Organization WTO.
The National Day Awards are a means of recognizing various forms of merit and service to Nigeria. This year, a total of 32 individuals in 23 award categories received National Day Honours.
Trade Nigeria is pleased to announce that several awards will be conferred individuals for their exceptional achievements. Their various victory and successes moved the entire nation and inspired young citizens and Nigerians to set new goals, reach for their dreams and pursue their aspirations.
Africa - German Economic Forum is an exchange mission by the Government of Nigeria,through Trade Nigeria and Federal Ministry of Industry,trade and Investment. Furthermore, the Ministry of Foreign Affairs,supporting and advancing business development.
Africa - German Economic Forum , unites a huge number of high profiled leaders from over all enterprises to gain from and be enlivened by a portion of the universes most famous business figures.
TRADE NIGERIA...
Positive Effect of International Trade on a growing Nation
In our world today, nothing can be done without an exchange of some value for value, which involves money, ideas, product and technology. Because of this there is direct effect on the economy of any nation, either positively or negatively. Trade can be traced back to the need for exchange, which evolved from the barter system to the money system. Trade in Africa, however, became popular with the advent of the colonial rule that brought in their wares and made Africans their intermediaries. By this, Africans understood the need for trade both domestically and internationally.
International trade can be seen as exchange of goods and services that exists between two or more countries of the world. International trade occurs due to differences in natural resources endowments, technology, demand, existence of economics of scale in production, financial capital and existence of government policies etc.
International trade has been an area of concern to policy makers and economists. Its importance lies on the ability to obtain goods which cannot be produced in the country or which can only be produced at greater expenses. In addition, it enables a nation to sell its domestically produced goods to other countries of the world. The performance of a given economy in terms of growth rates of output and per capital income has not only been based on the domestic production and consumption activities but also on international transaction of goods and services. The classical and Neo-classical economists attached so much importance to international trade in a country’s development that they regarded it as an engine of growth
Trade is a vital catalyst for economic development most especially for developing countries like Nigeria, the contribution of trade to overall economic development is immense owing largely to the obvious fact that most of the essential elements for development such as, capital goods, raw materials and technical expertise, are mostly imported because of inadequate domestic supply. However, it is important to note that internal trade complements external trade since domestically produced goods are collected for export, while imported goods are distributed within the country, sometimes into remote areas. It also facilitates internal specialization and the division of labour between the various firms and geographical areas of the country. Therefore, the higher the level of internal trade the greater the level of specialization. This raises the level of efficiency and productivity of the various economic units.
Benefits for International Trade.
Foreign Trade helps in Breaking Vicious Circle of Poverty:
The underdeveloped countries are characterized by the existence of vicious circle of poverty. It implies, low income, deficiency of demand and lack of demand accounts for low supply, which in turn accounts for low income. However, international trade enables underdeveloped countries to produce more of those goods in which they enjoy greater comparative advantage.
Consequently, production, income and employment in these countries increase leading to increase in demand. This increase demand is partially met by domestic production and partially by foreign imports. In this way, exports and imports of various products help in breaking the vicious circle of poverty. Thus, it accelerates the rate of economic development automatically in the economy.
Efficient Use of Means of Production:
International trade, it is felt, provides better ground for efficient use of various resources due to its comparative advantages. According to an expert, it adds to the efficiency of production. In underdeveloped economies, agriculture is backward and subsistence farming is the rule.
With the development of trade, use of latest and improved techniques of production becomes possible in agriculture as well in industrial sector.
This, in turn helps to increase, the efficiency of means of production. The commercialization of agriculture becomes possible. Similarly, many new industries come into being and some of them are meant for the production of export goods only. Therefore, efficient use of means of production leads to all-round development of the economy.
Widening of Market and Raising Productivity:
It is argued that the productivity gains arising out of extension of market is a consequence of international trade. Improvements in productivity result from greater division of labour, a higher degree of mechanization and greater possibility of innovation. It is said that foreign trade, by widening the extent of the market and the scope of the division of labour, permits a greater use of machinery, stimulates innovations, overcomes technical indivisibility, raises the productivity of labour, and generally enables the trading country to enjoy increasing returns and economic development. An expert has categorized them as indirect dynamic benefits arising out of international trade.
Thus international trade, by extending the size of the market, exercises a dynamic influence on the economy. In turn, it helps to raise the production at higher trade. As a result, country enjoys the benefits of external and internal economies of scale.
Specialization:
International trade enables a country to enjoy the advantages of international specialization according to comparative costs. Every country specializes and exports those commodities, which it can produce cheaper in exchange for what others can provide at a lower cost.
When a country specializes according to its comparative advantage, it gains an increase in real income and consequent rise in the standard of living of its people. An expert emphasized this aspect of international trade and maintained that trade according to comparative advantage, results in a ‘more efficient employment of productive forces of the world’ and this may be considered as the ‘direct economic advantage of international trade’.
Therefore, international trade by enabling better and more efficient utilization of the resources of a country increases its real national income and hence has a growth-promoting effect.
Helpful for High Growth Potential:
International trade can also help in the development of a country enabling it to exchange domestic goods saving low growth potential for foreign goods with high growth potential.
A school of thought emphasizing this growth promoting aspect of international trade observes that trade offers an opportunity for the exchange of goods with less growth potential for goods with more growth potential, thereby quickening the progress that results from a given effort on the saving sides.
It provides an opportunity for importing capital goods and materials required for development purposes. The import of machinery, transport equipment, vehicles, power generation equipment, road-building machinery, medicines, chemicals and other goods with high growth potential provides greater benefits to the developing countries.
Educative Effect of Trade:
Nigeria-Czech Economic Forum powered by Trade Nigeria Organization
It is maintained that international trade can serve as a vehicle for the dissemination of technological knowledge. A deficiency of knowledge can be a biggest handicap in the development of a country and this deficiency can be effectively removed through contact with more advanced economies i.e. by making possible through foreign trade.
The technical expertise and skills is an indispensable source of technological progress, and the importation of ideas in general is a potent stimulus to development. According to an expert, trade benefits the less developed country through ‘the introduction of foreign arts, which raise the returns derivable from additional capital to a rate corresponding to the low strength of the desire of accumulation’. Thus, international trade can have an educative influence on the people of developing countries and can thus help in bringing about technological and industrial revolution.
Capital Formation:
It is said that international trade helps to increase capital formation. The capacity to save increases as real income rises through the more efficient resource allocation associated with international trade. Foreign trade also provides stimulus for investment and thus it tends to raise the rate of capital formation.
This stimulus comes from the possibility of realizing increasing returns in wider markets that foreign trade provides. Moreover, by allowing economies of large-scale production, the access to foreign markets makes it profitable to adopt more advanced techniques of production.
Thus international trade, by creating conditions for increased capital formation in underdeveloped countries, can help in their economic development.
Basis of Import of Foreign Capital:
International trade also helps in promoting development by creating suitable conditions for the import of foreign capital. A school of thought argued that trade is a vehicle for the international movement of capital from the developed to the underdeveloped countries.
The amount of capital that an underdeveloped country can obtain from foreign countries depends to a considerable extent on the volume of its trade. The larger the volume of trade of a country, the greater will be the volume of foreign capital that can be expected to become available to it.
It is an established fact that it is much easier to get foreign capital for export industries because they have a built-in solution of the transfer problem.
Healthy Competition:
International trade also helps in economic development by providing healthy competition and keeping in check inefficient monopolies. The more competitive an economy is, the more efficient it will be.
The foreign trade benefits an underdeveloped country indirectly by encouraging healthy competition and checking inefficient monopolies. Healthy, competition is essential for the development of the export sector of such economies and for checking inefficient exploitative monopolies that are usually established on the grounds of infant industry protection.
Similarly, an expert opines, “international trade accelerates the rate of economic development of underdeveloped countries.”
They get opportunities for improved techniques. There is expansion in the size of market. Domestic and foreign goods are easily available. Income, output and employment of the country increases. The countries such as Singapore, Arab countries, Brazil, Malaya, Japan, Korea, Taiwan, Hong Kong, etc. get tremendous progress due to international trade.
Efficient Use of Means of Production:
International trade, it is felt, provides better ground for efficient use of various resources due to its comparative advantages. According to an expert, it adds to the efficiency of production. In underdeveloped economies, agriculture is backward and subsistence farming is the rule.
With the development of trade, use of latest and improved techniques of production becomes possible in agriculture as well in industrial sector.
This, in turn helps to increase, the efficiency of means of production. The commercialization of agriculture becomes possible. Similarly, many new industries come into being and some of them are meant for the production of export goods only. Therefore, efficient use of means of production leads to all-round development of the economy.
Import of Capital Goods & Export of Primary Goods:
Another direct advantage of international trade for the economic development of underdeveloped countries is that these countries can industrialize themselves by importing necessary capital goods like machinery, semi-finished products and industrial raw materials from industrialized developed countries.
In return, these countries can export primary goods and mineral resources and thus solve the problem of balance of payments. In this way, import of capital goods and export of primary goods are possible under international trade.
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AFRICA TRADERS BUSINESS FORUM:
The Need To Attend Business Forum Meetings
There is power in being connected to other people who are active in your line of business, but it can also be easy to talk yourself into committing to an annual business meeting year after year. Many people think that having or owing a business is enough, but to capitalize on the return on your investment you need to be engaged and participate actively in business meetings, conferences and business workshop seminars.
Rural women are key agents for achieving the transformational economic, environmental and social changes required for sustainable development.....
Bilateral trade agreements are those initiated and enacted upon between two nations, territories or economic blocs. For instance the EU has working trade agreements with the EEA and EFTA which are multilateral blocs in the Pan EURO-MED Economic sphere of interests whereas it also has separate agreements with particular nations such as South Korea and South Africa with which the EU has bilateral agreements.
Multilateral trade agreements are commerce treaties among three or more nations. The agreements reduce tariffs and make it easier for businesses to import and export..
World Technology and Innovation Expo powered by Globe Chambers of Commerce and Industry covers the scope of digitization and opportunities in the realm of innovation and technology.
Australia - Africa Trade Mission,Economic ,Investment and Business Delegation an annual trade delegation, promoting the development of trade, business, commerce, investment and industrial technological relationship between the public and private sectors of Nigeria to drive socio-economic growth and development.
The International food exhibition, World Food Trade Expo, is an effective tool for increasing sales, promoting products and attracting new clients by making direct contact....
with a large number of representatives from retail chains and wholesale businesses interested in purchasing food products.....
The World Energy Expo is a Global program which seeks to promote business investment, innovation, trade and economic exchange in goods and services, exhibitions and trade opportunities that create wealth, support international networking,
business development, joint trade, enhance strong international bilateral relationship, facilitate connections with key stakeholders, create platforms for innovation, investment, and networking among peers.
Globe Chamber of Commerce and Industry
Preparing for post Covid-19 era, Globe Chambers of Commerce and Industry, has rolled out a brand new plan ‘ Nigeria – Malta Economic Forum’ for 2021......
Nigeria – Malta Economic Forum is part of the efforts of the organization to strengthen trade between Nigeria and other country as well as Africa and other continents.
Australia Africa Economic Forum has been organized to see how both continent can engage,create and improve on business ties and opportunities post Covid 19....
International business executive and president, Globe Chambers of Commerce and Industry, Hon. Nwabueze Buchi George, has called for a substantive plan to be put down for the post-covid-19 era as the survival of both national and global economies will depend on that.....
The Global Alliance for Trade Facilitation is a one of a kind open private association committed to universal exchange help. ... Our work helps governments in creating and least created nations actualize the World Trade Organization's Trade Facilitation. Protection Policy...
It is becoming more evident that Africa is an opportunity, one that is being shaped by and for the African people.....
The Africa Property Expo, a programme organized by Face of World Organization will in the course of this event showcase the best of real estate.
The Africa - Africa Economic Forum is aimed to discuss how to improve the business, investment, and economic climate between Asia - Africa , and to enhance a strong relationship between the two Continents.
SOUTHERN - NIGERIA ECONOMIC FORUM
Southern Nigeria Economic Forum is an independent, non-partisan, high profiled forum powered by TRADE NIGERIA and anchored on robust and lasting public-private partnerships.
Our mandate is to turn ideas into action through facilitation and promotion of trade exchange of ideas, trade and investment in Nigeria for the benefit of both State.
The Czech - Africa
The Czech - Africa Agricultural, Agro-commerce, Agro-Tech Trade Mission and Agro-business delegation is a Program in Czech,the main goal which is boasting bilateral trade between Nigeria and Czech Republic. (Prague) that brings together thousands of senior-level,high profiled decision makers from across all industries to learn from and be inspired by some of the worlds most renowned business figures.
Regular rubber is delivered from plants and is delegated a polymer. A polymer is a concoction compound with enormous atoms made of numerous littler particles of a similar kind. A few polymers exist normally and others are delivered in labs and manufacturing plants.
The Nigeria New-Zealand Trade Mission is intended to take agents to planned abroad's structure hardware and innovation markets for seven days of site visits, gatherings, organizing occasions and briefings with driving structure gear and mechanical organizations, nearby providers, affiliations and government bodies.
Fowcom Limited: Build Nigeria Housing and Real Estate Summit and Expo Project.
FOWCOM LIMITED believes in taking Nigeria Real Estate to the Next Level and with this is organizing a Build Nigeria Housing and Real Estate Summit and Expo that would be used to tackle most of the Problems connected with Real Estate
Swift Mobile is an integrated digital payment company that facilitates the electronic circulation of money as well as the exchange of values between individuals and organizations on a timely and consistent basis.
First Registered in 1999 as Oversea Placement And Trading Services Limited Later changed to Total African Business And Trade Center in 2008 and Asia-Africa Links International Trade center in 2003.....
The Economy of Nigeria is dominated by Crude oil and petroleum together with manufacturing and processing industries. The country has rich mineral and resource deposits, comprising of gold, uranium, coal diamond and other precious stones such as iron-ore, zinc, tin, magnesium and lead among others. But today, we want to look at other commodities that can be exported from Nigeria alongside crude oil.
The Globe Medical And Healthcare Conference brought together leaders in private and public healthcare from around the globe..... Medicine is a science and practice of disease diagnosis, treatment, and prevention.
Nigeria- Japan Garment, Leather Industries and Textile business delegation,trade mission and world textile expo will showcase, exhibit and promote Nigerian made Garment and Textiles proudly produced in Nigeria.
Safe trade is a slogan advocated by Greenpeace in its desire to "green" the World Trade Organization and the Doha Development Ro...
