Commission Recommends 167 Products For Duty Exemption

Lagos- Nigeria (PANA) -- An ECOWAS Commission has recommended 167 new products to benefit from the organisation's Trade Liberalisation Scheme, exempting designated products from customs duty within Member States.
The Commission on Trade, Customs, Taxation, Statistics, Money and Payments made the recommendation during its 42nd session, just concluded in Abuja, ECOWAS said in a statement released Thursday.
The products to enjoy the duty exemption include palm oil, margarine, sauces, milk, scouring powder, adhesives, cables, electrical materials, plastics, tableware and clothing material.
The products, contained in 37 applications considered by the Commission during its three-day meeting, are from manufacturers in Benin, Cote d'Ivoire, Ghana, Nigeria and Senegal.
ECOWAS said the Commission found the products to have met the local raw material content required under the scheme, aimed at boosting intra-community trade.
When approved by the Council of Ministers of the 15-member organisation, the new list will bring to 1,364 the number of products granted exemptions since the scheme was endorsed by ECOWAS Heads of State and Government in January 1990.

14 june 2001 15:50:00




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