National tourism transport summit to leverage AfCFTA trade regime
The Institute of Tourism Professionals of Nigeria (ITPN), organizers of the National Transport Tourism Summit and Expo, has pledged to give this year’s edition a global reach with a milestone to capitalize on the African Continental Free Trade Area (AfCFTA) trade regime.
The National President of the Institute of Tourism Professionals of Nigeria (ITPN) and Chairman of the ITTS & E 2021 Main Organizing Committee, Chief Abiodun Odusanwo, noted in a statement that the all-inclusive event offers a wide range of activities allowing participants to connect with the world trends as they affect the value chain of the sector.
The fourth edition of the summit and exhibition, scheduled for November 15-16, 2021 at the Abuja International Conference Center, is themed “Tourism Transport Connectivity: Leveraging the African Continental Free Trade Area Regime ( AfCFTA) for economic sustainability. ‘
He said this stems from the AfCFTA trade agreement which is a common market for developing trade in “made in Africa” goods and services by reducing tariff and non-tariff barriers to trade between African countries.
Odusanwo said the AfCFTA is a common market for 54 African countries with a population of 1.2 billion that has a combined gross domestic product (GDP) of over $ 3.4 trillion, a huge market opportunity that cannot be ignored.
Odusanwo said, “The summit and exhibition provide a platform for public and private sector stakeholders, producers and consumers in Nigeria and Africans to come together, share ideas, experiences, knowledge and present their skills in the growth, development and promotion of the nation’s economic endowment by leveraging the ideals of the AfCFTA.
“Nigeria’s participation in this year’s event is essentially to be more enlightened and informed about the substance of the AfCFTA agreements so that the country can fully explore the opportunities and benefits of the trade agreements.
“In addition, the participation of all key industry players and key stakeholders in the country’s tourism and transport segments will open a new page in Africa’s cross-border trade for the benefit of Nigeria and Africa. . “
However, Odusanwo explained that because the AfCFTA is driven by the need for Nigeria to increase and diversify its export revenues beyond crude oil export revenues, which have declined in per capita terms due to With population growth and the global shift away from fossil fuels, tourism offers a privileged sector for Nigeria’s economic diversification, with transport being the most reliable way to make this happen.
The National Transportation Tourism Summit and Expo is instituted and organized by the Institute of Tourism Professionals of Nigeria (ITPN) in collaboration with the Federal Ministry of Tourism, the Federal Ministry of Transport as well as the Federal Ministry of Aviation as ‘annual event focused on the attention to the interaction and connectivity between tourism and transport as well as the x-ray of how the various stakeholders and key players from both industries at the public and private sector levels have succeeded in explore the enormous opportunities and benefits inherent in synergizing them.