Regulation C/REG.12/12/03 Approving the Budgets for Compensation of Loss of Revenue Incurred by ECOWAS Member States as a Result of the Liberalisation of Intra-ECOWAS Trade for Various Period from 1999 - 2003
Regulation C/REG.12/12/03 Approving the Budgets for Compensation of Loss of Revenue Incurred by ECOWAS Member States as a Result of the Liberalisation of Intra-ECOWAS Trade for Various Period from 1999 - 2003
Economic Community of West African States
Regulation C/REG.12/12/03 Approving the Budgets for Compensation of Loss of Revenue Incurred by ECOWAS Member States as a Result of the Liberalisation of Intra-ECOWAS Trade for Various Period from 1999 - 2003
- Published in official journal 44 on 1 December 2003
- Commenced
- [This is the version of this document at 18 December 2003.]
Article 1
The compensation budgets for loss of revenue incurred by ECOWAS Member States as a result of the liberalisation of intra-ECOWAS trade, are hereby approved in the amounts of:Article 2
An exporting Member State which has not contributed to the estimated budget or whose contribution is less than the amount of its debt, shall pay into EBID the amount of the compensation for losses incurred as a result of its exports.Article 3
The ECOWAS Executive Secretariat and the EBID shall be responsible for payment to Member State that have suffered the loss of revenue of the amounts recorded in the compensation budgets for the years 1999, 2000, 2001, 2002 and 2003.Article 4
This Regulation shall be published in the Official Journal of the Community by the Executive Secretariat within thirty days of its signature by the Chapman of Council. It shall also be published by each Member State in the National Gazette within the same time frame.History of this document
18 December 2003 this version
Consolidation