International Sea Trade and Investment Convention to boost Nigeria Trade?

1. International Sea Trade and Investment Convention to boost Nigeria Trade? Nigeria is poised to host the International Sea Trade and Investment Convention (ISTIC) for the first time in its history. The significant event slated for October 5th and 6th will be held at the Landmark Centre, Victoria Island in Lagos. Mr. Adebayo Sarumi, the current chairman of the ISTIC, revealed that preparations are in full swing to ensure that the maiden edition of the event is successful. Exploring new trade frontiers is the central theme of the event. The focus of the event is to evaluate issues along the new and direct routes between Nigeria and its top trade partners. In particular, the event is expected to boost border trade in the regional trade corridor, foster a sustainable import/export market and help avail global certification for export, safety and security of the nation’s waterways, import and export financing, market linkage and trade and infrastructure investment through standardization of goods and services. Stakeholders, both local and foreign investors, will meet in Lagos in about 2 weeks to discover opportunities of trade in the country. Mr. Sarumi in a statement said that the convention would help pinpoint obstacles to restrictions in export trade, facilities and regulations of Nigeria’s maritime sector. The chairman of the ISTIC also hopes that event would aid in creating a roadmap that specifically tackles issues in products, standardisation, financing, incentives and poor infrastructure. Further, he also disclosed that he believes that the event would enhance the nation’s export and maritime sector and make it a popular destination for global buyers and foreign investors. The Chairman also made it known that the maritime and trade in Sub-Saharan Africa region has grown at an unexpected rate over the last couple of years helping the Nigerian economy earn about US $15 billion yearly. This is expected to grow to about US $ 50 billion in the coming years. For more details: http://www.eximdesk.com/buzz/international-sea-trade-and-investment-convention- to-boost-nigeria-trade?channel=Organic_Art