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Ecowas Trade Liberalization Scheme: Still in the Doldrums By Ugochukwu ChimeziriIntroduction The objective of the Ecowas Trade Liberalization Scheme (ETLS) is to establish a custom union among all member states of Economic Community of West African States (Ecowas). The Scheme also aimed at the total elimination of custom duties and taxes of equivalent effects, removal of non-tariff barriers and the establishment of a common custom external tariff to protect goods produced in the member states. The goods protected by this protocol fall under the category of unprocessed goods like livestock, mineral products etc, traditional handicrafts and industrial products of community origin. Trade experts have been worried that irrespective of regional backing the protocol enjoys, its aspirations have not been achieved at all. This has given rise to divergences in the custom tariffs across the region. The truth about the whole issue is that trade and movement of goods, services and people are yet to be achieved in the sub-region. It is not an understatement to say that Ecowas is not yet a Free Trade Area (FTA). According to free encyclopedia, FTA is a type of trade bloc, a...more
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