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How does the Nigerian government ensure compliance with international trade regulations in exporting?
Posted : 29/04/2024 4:37 pm
The Nigerian government ensures compliance with international trade regulations in exporting by
Employing a mix of tariffs and quotas to generate revenue and safeguard domestic industries from fiercely competitive imports
Implementing the ECOWAS 2015–2019 Common External Tariff (CET)
Applying extra fees, such as levies, excise, and VAT, on imports
Imposing a 70% cap on the total effective rate of each line item
Inspecting and certifying products destined for Nigeria, notably in the food, pharmaceutical, and cosmetics sectors
Posted : 01/05/2024 7:12 pm