More
    HomeNewsFG approves only Nigerian-made goods for ECOWAS free trade scheme

    FG approves only Nigerian-made goods for ECOWAS free trade scheme

    Published on

    The Federal Government has said that only goods produced in Nigeria are eligible under the ECOWAS Trade Liberalisation Scheme (ETLS), warning that re-exportation of foreign products is not permitted.

    Speaking at a one-day sensitisation workshop in Enugu on Tuesday themed ‘Increasing intra-regional trade through ETLS,’ the Director of the ECOWAS National Unit in the Ministry of Foreign Affairs, Ambassador Olawale Emmanuel Awe, urged businesses in the South East to leverage the scheme to expand their trade across West Africa.

    Awe explained that the ETLS allows duty-free movement of goods made within the 15 ECOWAS member states but prohibits the re-export of imported items.

    “We don’t want a situation where someone imports from China and re-exports. Only products made in Nigeria are eligible,” he said.

    According to him, the ETLS which was established in 1979 as part of ECOWAS’ regional integration efforts aims to promote free trade, strengthen economic cooperation, and enhance industrial development across the sub-region.

    He added that Nigerian manufacturers must register their products with the ECOWAS National Unit to benefit from the initiative.

    “Any businessperson manufacturing in Nigeria must first register with us. They will need to submit samples of their products, after which the National Approval Committee—comprising the Ministries of Foreign Affairs, Trade, SON, NAFDAC, Customs, MAN Export Group, and NEPC—will inspect their factories to confirm that the products are genuinely made in Nigeria,” Awe explained.

    The Federal Government has been holding similar workshops across the country to raise awareness about the scheme and encourage local producers, especially small and medium-sized enterprises, to take advantage of duty-free access to markets in other ECOWAS member states.

    Latest articles

    BAVCCA Seeks Partnership With Surveyor-General To Promote Digital Awareness, National Devt

    The leadership of the Bloggers and Vloggers, Content Creators Association of Nigeria (BAVCCA), paid...

    Revealed: Alleged N5m Bribery against Chief Judge Tsoho Baseless

    Indications emerged that the allegations against the Chief Judge of the Federal High Court,...

    Yobe council approves N6bn for roads, health, others

    The Yobe State Executive Council has approved a new policy requiring all public officers...

    S’East Senate Caucus lauds Dangote, backs FG’s fiscal drive for industrial growth

    The South East Senate Caucus has commended the Dangote Group for its massive investment...

    More like this

    BAVCCA Seeks Partnership With Surveyor-General To Promote Digital Awareness, National Devt

    The leadership of the Bloggers and Vloggers, Content Creators Association of Nigeria (BAVCCA), paid...

    Revealed: Alleged N5m Bribery against Chief Judge Tsoho Baseless

    Indications emerged that the allegations against the Chief Judge of the Federal High Court,...

    Yobe council approves N6bn for roads, health, others

    The Yobe State Executive Council has approved a new policy requiring all public officers...