The Federal Government has said efforts were being intensified to establish a trade remedy authority that will be responsible for the enforcement of rules of origin and tightening of borders against fraudulent invoicing. It stated that this was part of government’s efforts to ensure a successful implementation of the African Continental Free Trade (AfCFTA) Agreement. The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo, disclosed this during a call on Lagos State Governor, Babajide Sanwo-Olu, at Lagos State Government House recently. Adebayo further expressed government’s readiness to establish a designated and competent authority in the country, that will see to the administration of the AfCFTA rules of origin as well as automation of process for managing exporter and product registration. He stated that the visit to Lagos was part of nationwide sensitisation exercise by the National Action Committee on the AfCFTA. He said the National Action Committee on the AfCFTA which he chairs, was forging an alliance with the National Trade Facilitation Committee domiciled in the Federal Ministry of Industry, Trade and Investment to facilitate the execution of the regional trade facilitation roadmap.
THISDAY