{"id":31799,"date":"2021-07-02T05:10:33","date_gmt":"2021-07-02T04:10:33","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=31799"},"modified":"2021-10-07T00:43:16","modified_gmt":"2021-10-07T00:43:16","slug":"uk-moves-to-partner-african-countries-on-trade","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/uk-moves-to-partner-african-countries-on-trade\/","title":{"rendered":"UK moves to partner African countries on trade"},"content":{"rendered":"<p>Ms Emma Wade-Smith, United Kingdom Trade Commissioner for Africa, said that plans were underway by U.K. to collaborate with African countries to tackle market access barriers and  improve business environment for trade.<br \/>\nWade-Smith, speaking at a webinar organised by the Lagos Chamber of Commerce and Industry (LCCI) on Thursday said the arrangements would  also facilitate easier, cheaper trade between Nigeria and the U.K.<br \/>\nThe webinar had as its theme: \u201cInternational Conference on Brexit, Opportunities for Africa and the United Kingdom\u201d.<br \/>\nThe United Kingdom\u2019s exit (Brexit) from the European Union means the country was  free to set its trade policies and negotiations with other countries.<br \/>\nWade-Smith said that vast array of potential and prospects existed in priority sectors such as agriculture energy, education and skills, healthcare and life sciences, mining, defence and security, financial services and creative industry.<br \/>\nShe, however, stated that all of the activities of the U.K. across Africa were underpinned by technology and green growth to address climate change.<br \/>\nShe said that some of the plans by the U.K. included building from the base by sourcing local partners, identifying opportunities in both countries that were mutually beneficial.<br \/>\n\u201cNigeria is such a vibrant, dynamic and very important partner to the U.K.<br \/>\n\u201cCOVID-19 pandemic impact is small compared to what we will  get from climate change so we must do everything we can to limit the extensive climate disruptions.<br \/>\n\u201cThose things include sustainable infrastructure, healthcare and water product and how it can reduce our carbon footprint to drive economic growth.<br \/>\n\u201cWe will also be utilising preferential trading agreement in increasing exports and imports between us and providing technical and other supports,\u201d she said.<br \/>\nMrs Abike Dabiri-Erewa, Chairperson, Nigerians in Diaspora Commission (NiDCOM),  said that Brexit created a unique opportunity for Africa nation to leverage on.<br \/>\nShe disclosed that summits aimed at improving trade investments, particularly opportunities for diaspora investment were on board.<br \/>\nShe, however, stressed the need for the opportunities to be mutually beneficial to both countries.<br \/>\n\u201cNigeria\u2019s huge diaspora population has a strong role to play to facilitate trade and we are  encouraging trade investments with several summits to improve trade.<br \/>\n\u201cBrexit creates a unique opportunity for Africa nation to leverage on and we must work together to improve business environment to drive trade.<br \/>\n\u201cWe are ready to take on investment opportunities and the likely expansion that Brexit brings,\u201d she said.<br \/>\nIn her remarks, Mrs Toki Mabogunje, President, LCCI said that Britain\u2019s departure from the EU presented numerous trade and investment partnership opportunities for the African continent.<br \/>\nMabogunje cited the United Nations report which stated  that Africa\u2019s population of 1.3 billion would rise to 2.4 billion by 2050.<br \/>\n\u201cWith the youngest population in the world, Africa will drive the global labour market, as her young people impact the world with creativity, innovation and entrepreneurship.<br \/>\n\u201cAfrica, with its Continental Free Trade Area Agreement, with a GDP of 3.3 trillion dollars is now the largest free trade area in the world since the creation of the World Trade Organisation.<br \/>\n\u201cWith harmonised tariffs, rules and standards, this is a market no one can ignore.<br \/>\n\u201cThe U.K.  accounts for 4.8 per cent of total African exports according to the UK Office for National Statistics.<br \/>\n\u201cWith Brexit, our expectation is that this percentage will increase significantly as investment and trade volumes with African countries improves.<br \/>\n\u201cThis will  create jobs and boost growth in Africa and the U.K,\u201d she said.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-31799\" data-postid=\"31799\" class=\"themify_builder_content themify_builder_content-31799 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n","protected":false},"excerpt":{"rendered":"<p>Ms Emma Wade-Smith, United Kingdom Trade Commissioner for Africa, said that plans were underway by U.K. to collaborate with African countries to tackle market access barriers and improve business environment for trade. Wade-Smith, speaking at a webinar organised by the Lagos Chamber of Commerce and Industry (LCCI) on Thursday said the arrangements would also facilitate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241,126],"tags":[44],"class_list":["post-31799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","category-trade-and-industry","tag-trade","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK moves to partner African countries on trade - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/uk-moves-to-partner-african-countries-on-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK moves to partner African countries on trade - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Ms Emma Wade-Smith, United Kingdom Trade Commissioner for Africa, said that plans were underway by U.K. to collaborate with African countries to tackle market access barriers and improve business environment for trade. 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