ECOWAS finance ministers end meeting in Togo

Lome- Togo (PANA) -- ECOWAS finance ministers Sunday ended a two-day extraordinary session in Lome after discussing a report of the administrative and financial commission on enhancing the community's financial resources.
They also deliberated on the executive secretariat's report on how to restructure the organisation and passed a 9 million dollar budget for the ECOWAS parliament.
The ministers commended the governments of Nigeria and Benin for opening joint check points at their common border and called on other member states to adopt similar measures to facilitate free movement of goods and people.
ECOWAS member countries intend to have common external tariff soon, reduced from 70 percent to a uniform rate of 20 percent as is the case in the West African Economic and Monetary Union (UEMOA).

30 april 2001 17:14:00

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