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Nairaland Forum / Nairaland / General / Business / How Will Pan-american Continental Free Trade Agreement Benefit Your Business (423 Views)
Afcfta: The Unknown Secrets About The African Continental Free Trade Agreement.. / Africa is Now the World’s Largest Single Continental Market / What Is The Importance Of The Continental Free Trade Agreement (2) (3) (4)
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How Will Pan-american Continental Free Trade Agreement Benefit Your Business by Devgist: 11:18am On Mar 19, 2018 |
The Federal Government will not sign the Pan-Africa Continental Free Trade Agreement. Goverment sources say this will allow opportunity for Nigerians to contribute to the Agreement even though, the rest of the African countries may go ahead with the signing. Free Trade Agreement will benefit businesses in Nigeria if they are efficiently producing to be able to sale competitively cheaper in other countries. It can be disadvantageous to Nigeria businesses if goods from other countries have better market competitiveness to goods produced in Nigeria. The critical questions to address therefore include; 1. Is the productive sector in Nigeria ready for a Continental free Trade? 2. Is production in Nigeria at it's right level of efficiency for Nigeria made goods to be able to compete favourably in the Continental free market? The attempt to address these questions will best be executed by understanding the actual experience of businesses in Nigeria. Do you own a business or have an idea of how businesses are fairing? Share your views on how you may benefit or be disadvantaged by the potential free trade regime |
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