ECOWAS commission to meet in Abuja

Lagos- Nigeria (PANA) -- A commission of the Economic Community of West African States (ECOWAS) will hold a two-day meeting in Nigeria's capital of Abuja starting Monday to consider, among other things, 50 more applications for approval of products under the body's trade liberalisation scheme.
An ECOWAS statement said Sunday that the Trade, Customs, Taxation, Statistics, Money and Payments Commission will also consider the status of implementation of the various provisions of the protocol relating to community levy, as well as a report of a seminar/workshop on practical and administrative measures for the implementation of the sub-region's harmonised hotel classification system.
The seminar/workshop was jointly organised by the 15-member ECOWAS and the World Tourism Organisation in July 2001 in Dakar, Senegal.
The ECOWAS statement said the additional applications for products approval were received from companies in five member states - Cote d'Ivoire, Ghana, Nigeria, Senegal and Togo.
At an earlier meeting in Abuja on 6 June 2001, the commission considered and recommended 167 products for exemption from customs duty within West Africa, after it received 37 applications from Benin, Cote d'Ivoire, Ghana, Nigeria and Senegal.
The commission's recommendations will be presented to the 48th session of the ECOWAS Council of Ministers, scheduled for Dakar 15-17 December.
To qualify for inclusion in the scheme, products must, among other conditions, have been manufactured using raw materials of community origin which have a value equal to, or higher than, 40 percent of the total cost of raw materials utilised, or which account for 60 percent of the total cost of raw materials utilised.
On the hotel classification system, the statement said it was to enable ECOWAS member states to adopt a common position on the interpretation of hotel classification standards and the administrative procedures that could facilitate the implementation of a common code for the sub-region.

25 november 2001 14:27:00

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