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IN THE FREE TRADE ZONES - SPELLING OUT THE RULES ON STANDARDS

IN THE FREE TRADE ZONES - SPELLING OUT THE RULES ON STANDARDS. BY. Dr. Joseph I. Odumodu, MFR Director General/Chief Executive Standards Organisation of Nigeria. @ THE . FREE TRADE ZONE CONFERENCE & EXHIBITION 2012 LAGOON RESTAURANT OZUMBA MBADIWE STREET, VICTORIA ISLAND, LAGOS

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IN THE FREE TRADE ZONES - SPELLING OUT THE RULES ON STANDARDS

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  1. IN THE FREE TRADE ZONES-SPELLING OUT THE RULES ON STANDARDS

  2. BY Dr. Joseph I. Odumodu, MFR Director General/Chief Executive Standards Organisation of Nigeria

  3. @ THE FREE TRADE ZONE CONFERENCE & EXHIBITION 2012 LAGOON RESTAURANT OZUMBA MBADIWE STREET, VICTORIA ISLAND, LAGOS 5TH – 7TH APRIL, 2012

  4. FREE TRADE ZONES (FTZ) • DESIGNATED AREAS FOR PRODUCTS LANDING, HANDLING, MANUFACTURING, RECONFIGURATION AND OR RE-EXPORT WITHOUT INTERVENTION OF CUSTOMS AUTHORITY

  5. OBJECTIVES OF FREE TRADE ZONES • TO REDUCE OR ELIMINATE TRADE BARRIERS • TO ENCOURAGE INVESTMENT • TO PROVIDE EMPLOYMENT OPPORTUNITIES • TO FACILITATE ECONOMIC GROWTH

  6. FTZ INCENTIVES IN NIGERIA • COMPLETE TAX HOLIDAY FOR ALL FEDERAL, STATE AND LOCAL GOVERNMENT TAXES, RATES, CUSTOMS DUTIES AND LEVIES • ONE-STOP APPROVALS FOR ALL PERMITS, OPERATING LICENSES AND INCORPORATION PAPERS • DUTY-FREE, TAX-FREE IMPORT OF RAW MATERIALS AND COMPONENTS FOR GOODS DESTINED FOR RE-EXPORT • DUTY-FREE INTRODUCTION OF CAPITAL GOODS, CONSUMER GOODS, MACHINERY, EQUIPMENT, AND   FURNITURE

  7. FTZ INCENTIVES IN NIGERIA • PERMISSION TO SELL 100% OF IMPORTED MANUFACTURED, OR ASSEMBLED GOODS INTO THE DOMESTIC NIGERIAN MARKET • WHEN SELLING INTO THE DOMESTIC MARKET, THE AMOUNT OF IMPORT DUTY ON GOODS MANUFACTURED IN THE FREE ZONE IS CALCULATED ONLY ON THE BASIS OF THE VALUE OF THE RAW MATERIALS OR COMPONENTS USED IN ASSEMBLY NOT ON THE FINISHED PRODUCTS

  8. FTZ INCENTIVES IN NIGERIA • 100% FOREIGN OWNERSHIP OF INVESTMENTS • 100% REPATRIATION OF CAPITAL, PROFITS AND DIVIDENDS • WAIVER OF ALL IMPORT AND EXPORT LICENSES • WAIVER ON ALL EXPATRIATE QUOTAS FOR COMPANIES OPERATING IN THE ZONES • PROHIBITION OF STRIKES AND LOCKOUTS • RENT-FREE LAND DURING THE FIRST 6 MONTHS OF CONSTRUCTION

  9. THE PLACE OF STANDARDS • WHAT STANDARDS DO; • MAKE THE DEVELOPMENT, MANUFACTURING AND SUPPLY OF PRODUCTS AND SERVICES MORE EFFICIENT, SAFER AND CLEANER • FACILITATE TRADE BETWEEN COUNTRIES AND MAKE IT FAIRER • PROVIDE GOVERNMENTS WITH A TECHNICAL BASE FOR HEALTH, SAFETY AND ENVIRONMENTAL LEGISLATION AND CONFORMITY ASSESSMENT

  10. THE PLACE OF STANDARDS • SHARE TECHNOLOGICAL ADVANCES AND GOOD MANAGEMENT PRACTICE • DISSEMINATE INNOVATION • SAFEGUARD CONSUMERS AND USERS INTERESTS IN THE PURCHASE AND USES OF PRODUCTS AND SERVICES • MAKE LIFE SIMPLER BY PROVIDING SOLUTIONS TO COMMON PROBLEMS

  11. MENACE OF SUBSTANDARD PRODUCTS • SOME SOURCES OF SUBSTANDARD PRODUCTS • IMPORTATION • LOCAL FORMAL PRODUCTION • ADULTERATION/COUNTERFEITING

  12. STANDARDS & FREE TRADE ZONES • LOCAL & INTERNATIONAL CONCERNS ON THE QUALITY OF SOME PRODUCTS FROM FREE TRADE ZONES • CONCERN ON ISSUES OF CONTERFEITING/ADULTERATION

  13. CURBING THE MENACE OF SUBSTANDARD PRODUCTS • THE LAUNCHING OF THE “ZERO TOLERANCE TO SUBSTANDARD PRODUCTS” STRATEGY & MOBILIZATION OF STAKEHOLDERS SUPPORT

  14. CURBING THE MENACE OF SUBSTANDARD PRODUCTS • ON-GOING ESTABLISHMENT OF HELP DESKS IN MAJOR MARKETS ACROSS THE COUNTRY IN COLLABORATION WITH CONSUMER PROTECTION COUNCIL & MARKET ASSOCIATIONS

  15. CURBING THE MENACE OF SUBSTANDARD PRODUCTS • COLLABORATIVE ARRANGEMENT WITH NEPZA TO INSPECT PRODUCTION ACTIVITIES WITHIN THE FREE TRADE ZONES FOR QUALITY ASSURANCE

  16. SON- OUR COMMITTMENT • CONTINUOUS STAKEHOLDERS’ ENGAGEMENT WITH A VIEW TO; • FULLY IMPLEMENT OUR MANDATE • PROMOTE GENUINE BUSINESSES & FIGHT THE SCOURGE OF SUBSTANDARD PRODUCTS CIRCULATION • PROVIDE A LEVEL PLAYING FIELD FOR LOCALLY MANUFACTURED & IMPORTED PRODUCTS

  17. SON - OUR COMMITTMENT • PROTECT NIGERIAN CONSUMERS & PROMOTE VALUE -FOR-MONEY IN PRODUCTS PURCHASE • PROMOTE RE-INDUSTRIALIZATION OF NIGERIA & • CONTRIBUTE SIGNIFICANTLY TO THE TRANSFORMATION AGENDA OF THE FEDERAL GOVERNMENT

  18. CONCLUSION • WE REQUEST MAXIMUM COOPERATION FROM OPERATORS IN THE FREE TRADE ZONES • WE ENCOURAGE CONSUMERS IN NIGERIA TO DEMAND QUALITY AT ALL TIMES & TO ENDEAVOUR TO COMPLAIN WHEN THEY DO NOT GET IT • WE THANK THE ORGANIZERS OF THIS PROGRAM FOR THE OPPORTUNITY.

  19. CONCLUSION • THANK YOU ALL AND GOD BLESS …Improving life through Standards

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