Content deleted Content added
Un assiolo (talk | contribs) Formatting |
|||
Line 37:
The goods declared to Customs in the Community, must generally be classified according to the CET. Imported and exported goods must be declared stating under type they fall. This determines which rate of customs duty applies and how the goods are treated for statistical purposes.<ref name=":0">{{Cite web|url=https://slideplayer.com/slide/10309238/|title=INTRODUCTION TO THE ECOWAS COMMON EXTERNAL TARIFF ALBERT AKURUGU SENIOR REVENUE OFFICER GRA CUSTOMS DIVISION. - ppt download|website=slideplayer.com|access-date=2020-04-26}}</ref>
== Benefits of the CET ==
== Benefits of the CET<ref>{{Cite web|url=https://www.ecowas.int/wp-content/uploads/2016/06/CET_Factsheet_EN.pdf|title=The common external tariff (cet) Structure, Benefits, Challenges and the Way Forward of the CET|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref> ==▼
* Increasing the Intra-regional trade: guarantying the availability of more goods to be traded regionally.
Line 46:
* Increased production and productivity: with a large market to satisfy, production opportunities would increase.
* Casting down smuggling: smuggling is often encouraged by the difference in tariffs, but when a region applies a common tariff, this will remove the necessity of buying smuggled products in regions which previously had high tariffs of the same goods.
▲
== Costs of regional integration<ref name=":0" /> ==
| |||