Business
Customs Enforces ECOWAS Tariff On Imports
The federal government
has approved the implementation of the Economic Community of West African States (ECOWAS). Common External Tariff (CET)(2015-2019 and 2015 Fiscal Policy Measures.
The approval for the implementation of the new tariff was conveyed in a statement signed by the coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala.
The implementation of the ECOWAS CET together with its Supplementary Protection Measures (SPM) and 2015 Fiscal Policy Measures (FPM) occurs concurrently and took effect from April, 2015 after the expiration of the 30 days notice required under the provisions of the ECOWAS CET.
By this development as from April 11, all imports arriving into the country shall be subjected to the rates contained in the CET 2015-2019 and 2015 Fiscal Measures without recourse to the rates applicable before the coming into effect of the ECOWAS CET 2015-2019.
The approved SPM/Fiscal Policy Measures comprise the Import Adjustment Tax (IAT) list, which involves additional taxes on 177 tariff lines of the ECOWAS CET, a national list consisting of items whose import duty rates have been reviewed to encourage more development in strategic sectors of the economy and an Import Prohibition List (trade), applicable only to certain goods originating from non-ECOWAS countries.
The Comptroller-General of Customs, Alhaji Dikko Inde Abdullahi has directed immediate enforcement of the tariff provisions by all CACs. He urged all stakeholders to ensure compliance with the new ECOWAS tariff to enhance trade facilitation within and outside the region.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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