Regulation C/REG.4/10/98 Approving the Compensation Budgets for Loss of Revenue Suffered by ECOWAS Member States in 1996 and 1997 as a Result of Liberalisation of Intra-ECOWAS Trade
Regulation C/REG.4/10/98 Approving the Compensation Budgets for Loss of Revenue Suffered by ECOWAS Member States in 1996 and 1997 as a Result of Liberalisation of Intra-ECOWAS Trade
Economic Community of West African States
Regulation C/REG.4/10/98 Approving the Compensation Budgets for Loss of Revenue Suffered by ECOWAS Member States in 1996 and 1997 as a Result of Liberalisation of Intra-ECOWAS Trade
- Published in official journal 35 on 1 October 1998
- Commenced
- [This is the version of this document at 28 October 1998.]
Article 1
The following budget estimates for compensation of loss of revenue suffered by ECOWAS Member States as a result of the liberalisation of intra-ECOWAS trade are hereby approved:Article 2
An exporting Member State which has not contributed to the estimated compensation budget or whose contribution is less than the amount of its debt, shall pay into the fund the amount of the compensation for losses incurred as a result of its exports.Article 3
The ECOWAS Executive Secretariat and the ECOWAS Fund shall be responsible for the payment to the Member State that have suffered the loss of revenue of the amounts recorded in the compensation budgets for 1996 and 1997.Article 4
This regulation shall be published in the Official Journal of the Community by the Executive Secretariat within thirty (30) days of its signature by the Chairman of the Council of Ministers.It shall also be published in the National Gazette by each Member State within the same time frame.History of this document
28 October 1998 this version
Consolidation