The ECOWAS Commission has highlighted the benefits of origin-to-destination digitalization of the ECOWAS certificate of origin as one of the instruments needed to facilitate cross – border movement of goods within the sub- region. Such procedure, the Commission said, not only transcends national to regional levels, but will assist to eliminate signatures, human intervention, drastically reduce fraud and engender transparency. Its Commissioner for Economic Affairs and Agriculture, Mrs. Massandje Toure – Liste, said this at the launch of the ECOWAS Electronic Certificate of Origin, in Lagos. Represented by the Director of Customs Union and Taxation, Mr. Salifou Tiemtore, she said the new regime besides boosting confidence will also facilitate cross border movement of community goods. The event brought together representatives of the African Continental Free Trade Area Secretariat, African Development Bank, GIZ, World Customs Organisation, UEMOA Commission, Regional Economic Communities, TradeMark Africa, ECOWAS member states and members of the organised private sector. She said the new clearance regime is expected to have a significant and positive impact on the cross-border movement of goods in the ECOWAS region. Observing that the proliferation of free trade agreements around the globe has become a way of creating markets and stimulating the productive capacity of countries with its attendant economic benefits, she said the development, however, poses significant challenges to developing and least developed countries in Africa. She said: “These countries have weak industrial capacity and are highly dependent on border taxes for economic development. “The erosion of customs revenues and non-compliance with origin requirements and...
ECOWAS Commission highlights benefits of border digitisation
Posted on: December 10, 2024
Posted on: December 10, 2024