ECOWAS Ministers of Finance have validated draft integration instruments meant to enhance a common customs framework for the region.
The ministers deliberated on the relevant issues in their 3rd Meeting which ended in Abuja.
The issues included the status of implementation of the recommendations of the 2nd meeting of Finance Ministers, and the Report of the 1st meeting of Directors General of Customs of ECOWAS.
Read Also:
Also is the draft ECOWAS Customs Code, draft directive on exemptions from the Value Added Tax (VAT), draft directive on excise duties on tobacco products, and draft directive on the institutional framework for the Fiscal Transition Programme.
Others are Interconnectivity of customs IT systems and transit computerization (ALISA), Reports of the 58th, 59th and 60th meetings of the Technical Committee Trade, Customs and Free Movement of Persons of ECOWAS.
The Finance Ministers’ meeting recommended that the ECOWAS and West African Economic and Monetary Union (UEMOA) Commissions improve their information exchanges for better complementarity, synergy and harmonization.
