SarkinYarki:


For example the policy will be of great benefits to Innoson , to Ok plastic and many micro shoe and fabric makers in Aba

SarkinYarki:


For example the policy will be of great benefits to Innoson , to Ok plastic and many micro shoe and fabric makers in Aba

bettercreature:
The policy will not benefit Nigeria especially our port,cheap product from other african countries esp from china will flood Nigeria.

SarkinYarki:


For example the policy will be of great benefits to Innoson , to Ok plastic and many micro shoe and fabric makers in Aba

speedyGonzales:


you are not a good economics student are you?
why do countries want to enter the EU?
why does the UK, still want access to the single market after brexit?
why does the US, Canada and Mexico have NAFTA?
what did Adam Smith say about trade?


read up the benefits of this trade agreements and their disadvantages.

To put it simply, this trade deal is necessary, for that better naija we are all dreaming of, but if buhari does not like something about it, he should send a team to negotiate and iron it out.

olalat:
I disagree on the aba made shoe point. They need to get more organized to be able to tap exportation potentials. How much of ECOWAS market have they explored if you doubt my assertion. AFCTA is an expansion of ECOWAS idea.

SarkinYarki:


Are cheap products from China not already flooding our ports .... Just admit that Buhari is clueless jare

Mynd44:

Actually no.

Nigeria having 180 million people makes it the biggest market and will become a dumping site for goods from all these countries

speedyGonzales:


you are not a good economics student are you?
why do countries want to enter the EU?
why does the UK, still want access to the single market after brexit?
why does the US, Canada and Mexico have NAFTA?
why is china championing the building of the new silk road, the one belt on road initiative?
what did Adam Smith say about trade?

read up the benefits of this trade agreements and their disadvantages.

To put it simply, this trade deal is necessary, for that better naija we are all dreaming of, but if buhari does not like something about it, he should send a team to negotiate and iron it out.

SarkinYarki:


I am looking at 180 million people from the point of cheap malleable abour that can mobilized with other factors of production to deliver lower cost of production ..the only missing link is cheap reliable power which Nigeria suffer considerable dearth of

Caseless:
you people are too unintelligent and you talk online with your brain at home.

Every politics is local. If Saraki can win irrespective of party in kwara state, such is not the case with shehu in kaduna central. He has never been a PDP member and has refused to join them. Hunkuyi that joined PDP is regretting after the primary. Rufai chachangi joined them, he saw that he won't get what he wanted , he ran back to apc though he lost the primary.

The national leadership of the party has stood with shehu sani . The president has done same. But some animals still want him to be in combat position against the party.

You don't expect a senator who the president Sat on the edge of his seat to listen to while discussing as partners to go attacking him.

ladman:


Why are we talking about exports when we have not successfully dominated our own environment?

Racoon:
How can Buhari sign it when he have no iota of experience on how the economy works.A man with F9 in Economics & Maths?
Believe me he will only sign whatsoever that have to do with cattle/fulani & corruption.

speedyGonzales:


you are not a good economics student are you?
why do countries want to enter the EU?
why does the UK, still want access to the single market after brexit?
why does the US, Canada and Mexico have NAFTA?
why is china championing the building of the new silk road, the one belt on road initiative?
what did Adam Smith say about trade?

read up the benefits of this trade agreements and their disadvantages.

To put it simply, this trade deal is necessary, for that better naija we are all dreaming of, but if buhari does not like something about it, he should send a team to negotiate and iron it out.

jomoh:


My brother I beg to differ.

Why is Russia not part of the EU?
why is Donald trump pulling out of most trade agreements?

Simple answer= POPULATION and WEALTH

Russia has the population and purchasing power that can make the country a dumping ground for everything produced in other small European countries. Making their country’s industries vulnerable to unfavorable competitions.

Same with US. Donald trump is pulling out of trade agreements and telling the companies that if they want to sell to the US market, they should come into the country and produce in the country. Even Canada and Mexico are not left out.

Nigeria is like the US and RUSSIA. We have the population and purchasing power to buy all what the other African “produce”(import from other countries). The question is do they have the purchasing power to buy what we are producing.

When you have the kind of population Nigeria has you don’t rush into trade agreements.

Currently nine countries (Russia, Belarus, Ukraine, Moldova, Tajikistan, Armenia, Kazakhstan, Kyrgyzstan, and Uzbekistan) from the Commonwealth of Independent States (CIS) ratified a Free Trade Agreement (FTA), which provides the free movement of goods within the territory of the member states. However, the ongoing conflict between Russia and Ukraine has resulted in a severe disruption of trade between the two countries.
https://www.export.gov/article?id=Russia-Trade-Agreements

Conservative Leader Andrew Scheer is opening a new front in his party’s fight against the revamped NAFTA deal, saying he would have done better than Justin Trudeau.

The United States is measuring its success in the newly revised North American Free Trade Agreement by what it gained, Scheer tweeted Sunday. The Liberal government, on the other hand, is defining its achievement by what it didn’t give up.

https://www.theglobeandmail.com/politics/article-conservatives-would-have-negotiated-a-better-usmca-deal-for-canadians/

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.

By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it.
I have never known much good done by those who affected to trade for the public good.

- Adam Smit

The philosophy of protectionism is a philosophy of war.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

- Ludwig von Mises

silastemplar:
but you miss out the main point in shehu sanis statement ' African countries do not produce locally' other trade deals you mentioned were between countries that produce locally .

billyG:

Mr renowned economist how have Nigeria & d rest of Africa benefited from all d agreements they sign in d past?

speedyGonzales:


what does mexico produce locally? compared to the USA and Canada
Nigeria does produce but no market to sell to, so business fails, especially in Africa.
Nigeria should negotiate against buying of goods from china a reselling because Nigeria has the biggest economy in the AU, it is the leverage we have for negotiation.

Also, remember we live is a global world companies move up and down, looking for the best country to set up, produce and export from, this creates employment and tax revenue. Nigeria with large population and proximity to sea, strong financial institutions and economy is a benefit. compared to the rest in Africa.

silastemplar:
mexico has the sixth largets electronics market and the second largest exporter to america. More automobiles are produced in mexico than any other North american country. coming to Nigeria, i cant say i have followed all that free trade story closely but shehu sanis point makes sense. I doubt pmb has totally turned his back on the deal though, definitely if there is reason to change his position he sure will. i also know baba can be slow

speedyGonzales:


Russia is a traditional enemy of the west, due to the cold war, so they don't allow Russia to be a part of it. But Russia has free trade agreements with former USSR state



For Donald Trump, his strategy was to renegotiate a new trade deals to be more favorable to the US, because USA being the bigger country with the bigger market and economy has more power in the agreement. He has now finished renegotiating it. it is now called USMCA, it is mostly the old NAFTA agreement with a few minor changes.



Finally, if Nigeria is to become the giant of Africa then Nigerian influence must be felt in every corner of Africa, through trade and exporting our culture. The only part to wealth for Nigerians is through trade.

And we have our population and large economy as leverage over every other country in Africa. So we can negotiate against what we don't like.

Read about the Austrian School of economic, if you are interested in the theory of how countries get rich.

11Ebiscoo:
The lawmaker representing Kaduna Central at the Senate, Shehu Sani, has backed President Muhammadu Buhari’s refusal to sign the African Free Trade Agreement, AfCTA.

But Sani explained that the idea would have made more sense if African countries were producing what they consume and not importing from Asia, Europe and America.

The lawmaker tweeted on Sunday night, “The African continental free trade is a great idea if African states are locally producing and not importing goods from US, Europe and Asia.

“The President is right for refusing to sign a trade deal that will only open our country to imports.”
https://www.mcebisco.com.ng/2018/10/afcta-senator-sani-speaks-on-buharis.html

SarkinYarki:


Are cheap products from China not already flooding our ports .... Just admit that Buhari is clueless jare

k2money:


[color=#006600][/color] oga that agreement will weaken our Naira

speedyGonzales:


I don't give a sh*t about tribalism. I hate all Nigerians equally. Yoruba's a mostly frauds and cowards, Igbos are thieves and liars and Hausa/Fulani are backwards thinking terrorist and Niger deltans are stupid thugs. But having lived in the west for a long time, I believe that to build a better Nigeria, we all need each other and learn from successes in other countries, especially in Asia.

Trade is the best way to lift a country out of poverty, why is china building the new silk root? the one belt on road initiative?
Nigerians can specialize in one thing and other African countries specialize in others and we trade among ourselves. that is what restructuring is aiming to accomplish and that is what this African trade deal is aiming to accomplish. it is a fundamental idea in economics that by so doing we can increase wealth. That is basic idea behind the EU and America and why it succeeds.

speedyGonzales:


I am interested in economics because I am interested in making money.

How many have Nigeria agreed on and implemented?
Why are all this other more successful countries, so interested in it, if it is nonsense?
Okay, look at a small country like Singapore (population and land wise), why is it so successful?
Why is Rwanda's economy, booming today? well, their president took time to travel the world and learn how other countries previously poor, managed to become rich, by implementing those policies that country is the second fastest growing economy in the world today (No oil).

Come on man, do the research. I am not an economist but this is the science of how to make money and I am not willing to take last in making money.

billyG:

Look broa economics don't teach u how to make money it teaches u how to manage scarce resources.Enteprenuership does.