|CGC, Dikko Abdullahi|
Government has approved the implementation of the ECOWAS Common External Tariff
(CET) 2015-2019 and 2015 Fiscal Policy Measures.
of the new Tariff was conveyed in a statement signed by the Coordinating
Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo Iweala.
Deputy Controller of Customs, Mr Wale Adeniyi, the implementation of the ECOWAS
CET together with its Supplementary Protection Measures (SPM) and 2015 Fiscal
Policy Measures occurs concurrently and will take effect from April 11, after the expiration of the 30 days notice required under the provisions of the
arriving into the country beginning from April 11, shall be subjected to the
rates contained in the CET 2015- 2019 and 2015 Fiscal Measures without recourse
to the rates applicable before the coming into effect of the ECOWAS CET 2015 –
2019, according to the statement.
added that the approved Supplementary Protection Measures (SPM)/Fiscal Policy
Measures comprise an Import Adjustment Tax (IAT) list which involves additional
taxes on 177 Tariff Lines of the ECOWAS CET.
includes a National List consisting of items whose Import duty rates have been reviewed to encourage more development in strategic sectors of the economy
and an Import Prohibition List (Trade), applicable only to certain goods originating from non-ECOWAS Countries.
Dikko Abdullahi, the statement added,
has directed immediate enforcement of the tariff provisions by all Customs
statement urged all stakeholders to ensure compliance with the New ECOWAS
Tariff to enhance trade facilitation within and outside the region.