OGFZA Raises Key Issues At Global Trade Summit

Filed in Business by on November 11, 2017 0 Comments

The ease of doing business and public-private partnership in investment promotion, were among the key isues raised by the Oil and Gas Free Zones Authority (OGFZA), at this year’s Global Trade Development Week (GTDW), in Dubai, the United Arab Emirate (UAE)

OGFZA, at the World Trade Organisation (WTO) conference, also harped on compliance with laws and regulations, governing trade and investment and lowering cost of doing business

The oil and gas regulator, placed a premium on these four concerns as must-address imperatives in its three-year roadmap for the development of the nation’s oil and gas free zones.

The theme of the conference was, “Navigating Global Trade & Reviving Global Growth: Implementing TFA and enhancing capacity across the public and private sector.” TFA, for Trade Facilitation Agreement, a WTO trade protocol which came into force on 22 February 2017, seeks to lubricate trade among member nations of the WTO that have ratified it.

Delegates to the conference, including four management staff of OGFZA interfaced with more than 80 international experts in trade facilitation, international trade finance, customs administration, compliance issues and training, and also with other delegates from the Middle-East, Asia, Australia, Europe and the Americas.

The Economy Minister of the UAE, Sultan bin Saeed Al Mansoori, said the theme of the conference was about ‘facilitating cross-border trading through simplification of procedures at borders and administration requirements, providing information and electronic procedures which help save time, reduce costs and improve customs and logistics standards.”

.

Tags: , , , , ,

Leave a Reply

Nigerian free classifieds
Forum | Jobs | News | Privacy | Contact: nbf(at)nigerianbestforum.com