Following the ratification of African Continental Free Trade Area (AfCFTA) agreement by member nations, the Nigeria Customs Service (NCS) says it is awaiting the directives of the National Action Committee (NAC) on the list of duties and charges waived for liberalized goods under the agreement.
According to Joseph Attah, public relations officer of the NCS, said the list would include 90% liberalized National Trade Offers, list of 70% non-liberalized excusive goods at the regional level and list of 3% non-liberalized sensitive goods.
Attah stated that the Customs were awaiting the appointment of a competent authority responsible for issuing and authenticating certificates of origin and registering enterprises and products within the region.
According to him, the NCS recommends that each member country should have a representative in the continental chamber of commerce to ensure transparency within the body thereby generating confidence in the system.
Attah said, “While awaiting clear directives concerning tariffs for all goods covered by this agreement, we want to assure the public of our preparedness to fully deploy our services at the shortest notice. Our desire is to imbue trust in the system whole guaranteeing the economic safety and wellbeing of businesses within the country”.
On the importance of such directive, Attah stated that “instead of proceeding in a chaotic manner, the Nigeria Customs Service as policy implementor understands the importance of spelling out the roles and responsibilities of all parties in this agreement and the conditions attendant on its implementation”.
He further said Customs looks with optimism to an era of complete economic integration which will lead to growth and prosperity for businesses within the region.
BusinessDay, 20 January 2021
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