Nigeria targets China’s 1.4bn market with zero-tariff fish exports
Nigeria aims to boost its economy by leveraging a new aquatic products agreement, granting zero-tariff fish exports to China’s 1.4 billion-consumer market. Read More: https://punchng.com/nigeria-targets-chinas-1-4bn-market-with-zero-tariff-fish-exports/
Nigeria is set to capitalize on China's vast market by exporting aquatic products with zero tariffs, according to the Federal Government. The government aims to boost exports, foreign exchange earnings, and create stronger opportunities for Nigerian businesses by leveraging the recently concluded Aquatic Products Protocol with China.
Nigeria's Minister of Power, Joseph Tegbe, called for quick implementation of the agreement, which was signed after nearly five years of negotiations, granting eligible Nigerian aquatic products zero-tariff access to China's 1.4 billion consumers. The agreement was welcomed by the Chinese Ambassador, H.E. Yu Dunhai, who reaffirmed the Embassy's commitment to supporting the implementation and facilitating qualified Nigerian exports into the Chinese market.
Experts believe that leveraging world aquatic products demand could double Nigeria's exports to China if properly utilized.
Written by urgent.news from Punch's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
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