nc ed A o x rai(E los Free udi CD on E port T ning)

3T Impex Trade Consulting Address: 11D Bola Shadipe Street,Off Adelabu Street, Surulere, Lagos, NG.Email: tradeacademy@3timpex.comWebsite: www.tradeacademy.ngTel: +234 809 124 4449, +234 808 334 2449+234 703 870 4402, +234 809 999 3142...Promoting Export, Creating Exporters And Growing Exporters

N5,000per copy

...ENHANCING EXPORT TRADE EDUCATION

ED CA OR NT S

X U

E LP TIM NI GT 3

DIGEST 3T IMPEX TRADE ACADEMY

....Promoting International Trade Education

VOLUME 2 ISSUE 19

Egypt has halted fish exports after a surge in sales to foreign markets, President Abdel Fattah al-Sisi said.

The action resulted from last November's currency devaluation that led to supply shortages locally and a spike in domestic prices, according to the president.

The President told Newsmen that Egypt used to export 40,000 tonnes of fish a year. Within the first three months of this year, we exported 120,000 tonnes. That is why we took a decision to halt exports of fish.

The suspension of fish exports came after the government this month imposed a tariff on sugar export of 3,000 Egyptian pounds per tonne.

(Excerpt from ) www.nan.ng

he National Shea Producers Association of Nigeria (NASPAN) has stated that converting about 100,000 metric tonnes of Shea nuts to produce 48,000 metric tonnes of Shea butter for export can generate more than $72 T

million for the Nigerian economy..The president, NASPAN, JibrilBokani, during an international Shea conference in Lagos, tagged: 'Unlocking market opportunities in the Nigerian Shea value chain'? noted that Nigeria currently produces about 300,000 tonnes of Shea nuts yearly making it the largest producer, but however stated that this volume is about 40 per cent of the sector's real potential.

He added that the association Shea industry is enormous in Nigeria, but basically at its rudimentary stage and underdeveloped, calling for the need to deploy automative and mechanized processes to boost Shea nuts production for export.

“Nigeria remains the lowest exporter of both Shea nuts and Shea butter. There exists a clear opportunity for Nigeria to create wealth and employment to be driven by value addition and export of Shea butter and Shea cake,” he said.(Excerpt from )www.guardian.ng.com

'$72M YEARLY POTENTIAL EARNINGS FROM SHEA NUTS

PRODUCTION UNTAPPED’

he Central Bank of Nigeria (CBN) in a continuing effort to

deepen the foreign exchange (FX) market and Taccommodate all the Foreign Exchange obligation has

announced a special window for Investors, Exporters and End-

Users.

According to Dr. Alvan E. Ikoku, (Director, Financial Markets

Department) said the purpose of this window is to boost liquidity

in the Foreign Exchange market and ensure timely execution and

settlement for eligible transactions.

Transactions eligible for accessing the window are Invisible

transactions (excluding International Airline ticket sales

remittance), Bills for Collection and any other trade-related

payment obligations (at the instance of the customer).

To this end, the CBN will supply foreign currency to the window

through portfolio investors, exporters, authorized dealers and

other parties with foreign currency to exchange to Naira which thtakes effect from April 24 , 2017.

(Excerpt from ) www.cbn.gov.ng

he Federal Government of Nigeria in its effort to create an enabling environment for doing business in Nigeria has approved the reduction of documentation requirements and timeline for import and export T

trade transaction in the country.

The revised Import documentations are Bill of Lading, Certificate of Origin (Formerly combined certificate of Value and Origin (CCVO), Commercial Invoice, Exit Note (Formerly Exit Gate), Form “M”, Packing List, Single Goods Declaration (SGD) and Product Certificate.

The revised Export documentation includes Bill of Lading, Certificate of Origin, Commercial Invoice, Single Goods Declaration (SGD), Nigerian Export Proceeds (NXP) Form, Clean Certificate of Inspection (CCI) and Packing List.

According to the Central Bank of Nigeria (CBN), timeline for processing form “NXP” shall be 48hours maximum from the receipt of the application subject to appropriate documentations by the Authorized dealers to the CBN.

(Excerpt from ) www.cbn.gov.ng

B y y ur copy todayu o

PG1-2 PG 3

Export Boot

Camp and

Import-Export

Help Line.

PG 3

Handling the Critical 5Ps of

Export Business Success-Part-5(The Payment)

PG 4

Export Business

Master Series on DVD

(Vol. I – III)

PG 4

Export Trade Leads, Export Commodities Prices, Export

Trade Terms

FG Revised Import

And Export Documentation/

Timeline For Processing Form

“NXP”

xport of organically made products, both food and non-food, is likely to grow threefold in the four years to 2020, following the government's relaxation on quota limits.E

According to the Agricultural & Processed Food Products Export Development Authority (Apeda), Indian farmers produced around 1.35 million tonnes (mt) of certified organic products in 2015-16 which include all varieties of food products namely sugarcane. Of this, export was 263,687 tonnes, worth $298 million (Rs 1,900 crore).

Through a notification dated April 19, the Directorate General of Foreign Trade liberalized the quantitative restrictions on export of such products.(Excerpt from )www.business-standard.com

airo proved to be fruitful ground for the 23 companies and farm groups who were part of a recent FAS-sponsored trade mission there. C

As a result of three days of meetings with potential customers from Egypt, Algeria and Jordan, mission participants reported immediate, on-site sales of U.S. farm and food products totaling $6.3 million – with total projected sales of $13 million over the next 12 months.

In addition to 278 one-on-one meetings between U.S. exporters and potential buyers, mission highlights included visits to Egypt's largest dairy farm, a large juice producer, a peanut processor and a soybean crushing facility.

Participant feedback about the mission was overwhelmingly positive. As one delegate said, “This was a great mission and such missions have always been beneficial for small businesses to make new connections and increased sales.”

(Excerpt from )www.fas.usda.gov

The Trade Broker of 3T Impex Trade Consulting covering Europe and Asia has requested for the following products from Nigeria. They include;

·Peanuts without shell

·Cassava (Tapoica) starch

·Palm Kernel Cake

·Sweet potatoThe demand for these products is up to 1000MT per month.

Project 6x6000 Exporters is an initiative of 3T Impex Trade Academy and it is aimed at raising Legion of Exporters in the 6 geopolitical zones of Nigeria. It targeted at creating 6,000 Micro, Small & Medium Scale (MSME) Exporters in each of the 6 zones of the country by 2025. It involves a FREE export workshop and advisory services for different group of people in different parts of the country.

The Target group include:-Religious Organizations-Cooperatives-Clubs-Association-NGOs etc

The rationale behind this is that, if we can build capacity of the MSME to export semi processed or finished goods on a small scale, then they can grow the non-oil export volume within a short time. We are focusing only on group of people who already have something in common and therefore could export together in groups or in clusters.

The Objectives of this initiative include:-to educate the public about export business planning & preparation -to enlighten the public on the export business possibilities -to enlarge the scope of exportable products -to empower the people with info on export business processes -to encourage the people to team up to exportation -to create employment via export business promotion

Kindly note that before we can honour your invitation, you must be able to gather at least 50 people together from your organization and they must have pre-registered with their phone numbers and emails sent to us for confirmation before we can come for the training. The training is done FREE of charge, for location outside Lagos, the organization will bare our transport and accommodation costs. The organization is also allowed to decide the honorarium.

To send us your invitation, kindly provide the information below and send it to tradeacademy@3timpex.com.

Name Phone EmailOrganization Address Training Location Proposed DateProposed Time

Project 6 x 6000......Raising Legion of Exporters (Excerpt from ) www.3timpex.com

Driving Nigeria's Economic Diversification through Solid Minerals - www.businessonline.com

Gold Regains Status as Tanzania's Top Export - www.thecitizen.co.tz

NZ Mint signs 60 million dollar Export agreement with China – www.scoop.co.nz

Nigeria: Agoa - Vital Boost for Aba Leather, Garment Cluster Export – www.AllAfrica.com

on 08091244449 or send an email to tradeacademy@3timpex.com in order to get

more details on pricing and quality specifications.(Excerpt from www.tradeinfong.com)

Interested exporters should contact OTHER HEADLINES

3T IMPEX TRADE CONSULTING

he next and the fifth question states that, why are some payment methods not attractive to banks and is there a way to T

make them acceptable.? The two payment methods that can make a bank to decline funding an export transaction include Open Account (Cash against documents) and Bill for Collection.

However, if an open account transaction can be backed by either a standby letter of credit or payment guarantee, it still retains its simplicity but also becomes attractive for banks to fund. On the other hand, if a buyer's bank under a Bill for collection transaction availises (guarantees) the accepted Bill of Exchange, this makes the transaction to become attractive to banks for funding.

The second to the last question states that, which instruments can give banks comfort when financing local supply? In country like Nigeria, where most of the exportable items are hard and soft commodities, in an environment that is largely unstructured, banks need comfort in order to be involve in pre-export financing. This therefore means that any exporter that wants the bank to finance the procurement of the commodities from their local supplier must be ready to work with people that will secure the bank's funds through Advance Payment Guarantee (if they need the bank to advance funds ahead of delivery).

For questions on this thought, you can reach me via email to bayemibo@3timpex.com

….To be Continued

…..Cont'd from Last Issue

(The Payment)

Export Business Kit is a quick reference material for exporters and export financiers. It is a well-researched self-study material put together by a seasoned trained professional. It is a comprehensive guide to export business and export business financing and it covers different aspects of Non-Oil Export Business in Nigeria.

Export Business Kit Contains:1. A-Z of Export Business Financing (Book)2. A-Z of Export Business Financing (2 Audio CDs)3. A-Z of Export Business Success (1 Audio CD)4. Handling 5 P’s of Export Business Challenges (5 Audio CDs)

5. Transition From Local Production To Global Consumption (1 Audio CD)6. ABC of Export (1 Audio CD)7. Retirement Planning From Employee To Entrepreneurship (2 Audio Cds) 5 , 0N 0 0 0

EXPORT TERMS USED IN INTERNATIONAL TRADEREVOCABLE Applied to letters of credit. A revocable letter of credit is

one which can be altered or cancelled by the buyer after he has opened it through his bank.

ROYALTY PAYMENT The share of the product or profit paid by a licensee to his licenser.

STANDARD INTERNATIONAL TRADE CLASSIFICATION (SITC)

A numerical system developed by the United Nations to classify commodities used in international trade as an aid to reporting trade statistics.

SHIPPER'S EXPORT DECLARATION

A form required by the Federal government and completed by a shipper showing the value, weight, consignee, destination, etc., of export shipments

Title:Author:

Duration:

Preparation, Planning and People(Vol. I) Bamidele Ayemibo

34Mins

Title:Author:

Duration:

Product, Packaging and Promotion (Vol. II)Bamidele Ayemibo

49Mins

Title:Author:

Duration:

Process, Paperwork and Payment(Vol. III)Bamidele Ayemibo

42Mins

N5,000PRICE

N5,000PRICE

N5,000PRICE

LOCAL ORDERSS/N PRODUCT SPECIFICATIONS / PAYMENT MONTHLY VOLUME1 Zinc Ore Purity-35% | Bank Guarantee 120 MT Per Month

2 Lead Ore Purity-50% | Bank Guarantee 120 MT Per Month

3 Lead Oxide Purity-30% | Bank Guarantee 120 MT Per Month

COMMODITY PRICES (BLOOMBERG)S/N COMMODITY

PRICES UNIT OF MEASURMENT1 Cocoa Beans

USD 1,873.00 Metric Tonnes (Mt)

2 Coffee

USD 140.65 Pounds (lb)

3 Cotton

USD 78.50 Pounds (lb)

4 Aluminium

USD 1,903.00 Bushel (Bu)

5 Copper

USD 5,556.00 Metric Tonnes (Mt)

6 Zinc

USD 2,548.00 Metric Tonnes (Mt)

7 Tin

USD 19,800.00 Metric Tonnes (Mt)

TRADE LEADS

EXPORT ORDERS

S/N PRODUCT

SPECIFICATIONS MINIMUM SHIPMENT

1. Zinc Ore Purity-35% 60 MT Per Month

2. Charcoal request from Dubai

Charcoal from Hardwood like Ayin, Size-40-200mm, no sparkling wood and moisture -8% max

60 MT Per Month

3. Lead Ore Purity-50% 60 MT Per Month