MrPresident1:


You warm my heart . Let us continue to be watchful and prayerful. Oga must meet us watching and he will not tarry anymore

How your Sunday na?

uzohrome:
Good development and good move Mr president.

Free trade agreements are designed to cut trade tariffs between member countries.

Tariffs are a form of tax, like a border tax.

They are placed on goods coming into a country for a range of reasons, sometimes to try and protect a home-made product.

The purest free trade agreement (FTA) removes all border taxes or trade barriers on goods.

They get rid of quotas too, so there is no limit to the amount of trade you can do.

FTAs also help make a country's exports cheaper and give easier entry to other markets.

They come in all sorts of forms and with different rules but in short, they make trade between countries as liberal as possible and allow for more rules-based competition.

Kudos to Presido. Make them open borders sharp sharp.

sisisioge:




Pastor jasi! Your own hand kuku pure. My Sunday bam...thanks.

Fountainofyouth:
Why? The flow of substandard low grade goods into the courtry is iminent, every country will want to take advantage of our large population smh!!!

MaziOmenuko:


Flow of goods within member countries, how are you going to ensure that the goods flowing were actually manufactured in the originating country? We just shot ourselves in the foot! Goods will be moved from Europe and across the world into our neighboring countries and then by virtue of free trade agreement, gain passage into our country.

This is a calamity in the making. Ordinary smuggling and the likes of dangote are whining. Now we have legalized movement of goods into our country from supposedly African countries.

mvem:
oga wait... Even International analyst are commending the move... Many world regions do have FTA.... Wait before you criticize, let's see how it goes

dokioloyee:
USA used laptops up for grab.

Only serious buyers

daevey:





why wont international analyst praise the move, they ve seen a market that they can easily dump their goods without any pakam, free market and trade have never benefitted nigeria right from the time of the structural adjustment program to the time of Washington and post Washington consensus and to this Afcta trash
how I wish political economy history was taught in secondary school

Arelyn:



I agree with you on smuggling and its one of the major disadvantage of FTAs, but at the same time the exporting strength of indigenous companies will grow which will benefit individual countries.
There is no perfect system because there will be pros and cons

daevey:





why wont international analyst praise the move, they ve seen a market that they can easily dump their goods without any pakam, free market and trade have never benefitted nigeria right from the time of the structural adjustment program to the time of Washington and post Washington consensus and to this Afcta trash
how I wish political economy history was taught in secondary school

Litmus:
I'm afraid economics wasn't the motivating factor for signing up, I suspect Nigeria leadership is eyeing the sociopolitical benefits, whatever they believe it ( in terms of shaking up the ethnic dynamics) to be accrued in the next phases of the Union, which is free movement of people.

uzohrome:
Good development and good move Mr president.

Free trade agreements are designed to cut trade tariffs between member countries.

Tariffs are a form of tax, like a border tax.

They are placed on goods coming into a country for a range of reasons, sometimes to try and protect a home-made product.

The purest free trade agreement (FTA) removes all border taxes or trade barriers on goods.

They get rid of quotas too, so there is no limit to the amount of trade you can do.

FTAs also help make a country's exports cheaper and give easier entry to other markets.

They come in all sorts of forms and with different rules but in short, they make trade between countries as liberal as possible and allow for more rules-based competition.

Kudos to Presido. Make them open borders sharp sharp.

Megabig:
As told, he certainly have no idea of what he signed...he doesn't know the merit or demerit, he just was told to sign and he signs and got an applause.

I've never seen someone so lifeless(Donald Trump)

MaziOmenuko:


Oga, exclusion of border taxes should not be seen as an advantage at all. Border tax, in the form of ETLS is as little as 0.5% - 1.5% of FOB charges. It's like a waiver to hell! I don't think you understand fully the implications of this agreement.

SamuelLoch:



help us to understand fully. Enlighten us