spot_imgspot_imgspot_img
NewsNigeria Customs Signs Mutual Administrative Agreement With India
26.1 C
Lagos
HomeNewsNigeria Customs Signs Mutual Administrative Agreement With India

Nigeria Customs Signs Mutual Administrative Agreement With India

- Advertisement -spot_imgspot_imgspot_img

Nigeria Customs Signs Mutual Administrative Agreement With India

 

 

By Abimbola Abdullah

In a move to strengthen bilateral relations, the Nigeria Customs Service (NCS), on 16 November 2023, signed a Customs Mutual Administrative Agreement (CMAA) with its Indian counterpart.

The Comptroller-General of Customs, Adewale Adeniyi, represented the NCS during the signing ceremony, held at the Ministry of Foreign Affairs in Abuja.

This agreement formed part of the engagements during the state visit by the Indian Prime Minister on 17 November 2024 at the State House, Abuja.

Adeniyi described the CMAA as a milestone achievement, culminating from negotiations that began in 2016. He stated: “The agreement is expected to enhance collaboration between customs administrations, streamline border clearance processes, and curb customs-related offenses. By facilitating the swift clearance of goods and reducing trade costs, the CMAA is set to bolster cross-border trade development and improve the enforcement of customs laws.”

Key provisions of the CMAA, as outlined in the MoU, include enforcement of customs laws by ensuring the accurate imposition of duties and taxes, verification processes through the facilitation of proper classification, valuation, and determination of goods’ origin, prevention and investigation by strengthening mechanisms to combat customs offenses.

Other items in the CMAA are information exchange through the establishment of robust channels for communication and mutual assistance, including providing expert witnesses where necessary.

The agreement underscores Nigeria’s commitment to fostering international trade partnerships while reinforcing the integrity and efficiency of its customs operations. By collaborating with India on customs enforcement and trade facilitation, Nigeria aims to unlock new economic opportunities and deepen its global trade integration.

- Advertisement -spot_img
- Advertisement -spot_img
spot_img
- Advertisement -spot_imgspot_imgspot_img

Celebrity Code

Serena Williams

Serena Williams is an American former professional tennis player. Born: 26 September 1981, Serena is 40 years. She bids farewell to tennis. We love you SERENA.

Quotes

Success is not final; failure is not fatal: It is the courage to continue that counts.

Must Read
- Advertisement -spot_imgspot_imgspot_img

Nigeria Customs Signs Mutual Administrative Agreement With India

 

 

By Abimbola Abdullah

In a move to strengthen bilateral relations, the Nigeria Customs Service (NCS), on 16 November 2023, signed a Customs Mutual Administrative Agreement (CMAA) with its Indian counterpart.

The Comptroller-General of Customs, Adewale Adeniyi, represented the NCS during the signing ceremony, held at the Ministry of Foreign Affairs in Abuja.

This agreement formed part of the engagements during the state visit by the Indian Prime Minister on 17 November 2024 at the State House, Abuja.

Adeniyi described the CMAA as a milestone achievement, culminating from negotiations that began in 2016. He stated: “The agreement is expected to enhance collaboration between customs administrations, streamline border clearance processes, and curb customs-related offenses. By facilitating the swift clearance of goods and reducing trade costs, the CMAA is set to bolster cross-border trade development and improve the enforcement of customs laws.”

Key provisions of the CMAA, as outlined in the MoU, include enforcement of customs laws by ensuring the accurate imposition of duties and taxes, verification processes through the facilitation of proper classification, valuation, and determination of goods’ origin, prevention and investigation by strengthening mechanisms to combat customs offenses.

Other items in the CMAA are information exchange through the establishment of robust channels for communication and mutual assistance, including providing expert witnesses where necessary.

The agreement underscores Nigeria’s commitment to fostering international trade partnerships while reinforcing the integrity and efficiency of its customs operations. By collaborating with India on customs enforcement and trade facilitation, Nigeria aims to unlock new economic opportunities and deepen its global trade integration.

- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_imgspot_imgspot_imgspot_img

Celebrity Code

Adebimpe Oyebade

Adebimpe Oyebade is a Nollywood star, who recently got married to a colleague, Lateef Adedimeji in a glamorous wedding.

Quotes

Your present circumstances don’t determine where you can go. They merely determine where you start.

  • Nido Qubein
Must Read
Related News
- Advertisement -spot_img

Leave a Reply