Nigeria Customs Service Partners with India on Trade Facilitation

The Nigeria Customs Service (NCS) has signed a Customs Mutual Administrative Agreement (CMAA) with India, a significant step toward strengthening bilateral trade relations. The agreement, finalized on November 16, 2023, was formalized during a ceremony at the Ministry of Foreign Affairs in Abuja, with the Comptroller-General of Customs (CGC), Adewale Adeniyi, representing Nigeria.

A Landmark in Bilateral Cooperation

The CMAA coincides with the state visit of the Indian Prime Minister to Nigeria on November 17, 2023. CGC Adeniyi described the agreement as a “milestone achievement” that results from negotiations initiated in 2016.

He highlighted that the agreement aims to:

• Streamline customs processes and expedite goods clearance.
• Reduce trade costs and enhance cross-border trade development.
• Strengthen enforcement of customs laws to address offenses effectively.

Key Features of the Agreement

The CMAA is designed to facilitate seamless trade and ensure compliance with customs regulations. Its provisions include:

1. Customs Law Enforcement: Ensuring accurate imposition of duties and taxes through proper classification, valuation, and determination of goods’ origins.
2. Prevention and Investigation: Enhancing mechanisms to combat customs offenses and ensure adherence to trade laws.
3. Information Exchange: Establishing robust communication channels for mutual assistance, including the provision of expert witnesses when required.

Boosting Trade and Economic Growth

This collaboration underscores Nigeria’s commitment to fostering international trade partnerships. By working closely with India, Nigeria aims to:

• Improve the efficiency of its customs operations.
• Unlock economic opportunities for local businesses.
• Strengthen its position in global trade networks.

The CMAA not only reinforces the integrity of customs practices but also signals Nigeria’s dedication to promoting transparency, reducing trade barriers, and facilitating economic growth.

This partnership is expected to create a mutually beneficial relationship, enhancing trade volumes and paving the way for deeper integration into the global economy.

READ ALSO: