Wednesday, 1 October 2014

ECOWAS Adopts Common External Tariff

ECOWAS Adopts Common External TariffMembers of the Economic Community of West African States (ECOWAS) are expected to announce the adoption of a common external trade policy next year to ensure full economic integration.

Kofi Afresah Nuhu, Director in charge of manufacturing at the  Ministry of Trade  and Industry, who disclosed this newsmen, said ECOWAS was in the process of establishing administrative measures to regulate trade relations with non-member countries.

“One notable trend in the global economy in recent times has been the accelerated movement toward regional integration to ensure free flow of goods and services,” he stated.

Speaking at the inauguration of a new corporate office of Hush Enterprise Limited, importers of SoKlin detergents in Kumasi, Mr. Nuhu stated that the current business trend requires ECOWAS to comply with the Economic Partnership Agreement (EPA).

“We don’t want to be swept away by the events of globalisation. Ghana is not an island and that is why we signed onto EPA as a country because we have to conform,” he noted. Read More......


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