Posted: Thursday 1st May 2014 at 16:13 pm

ECOWAS Fights Cross Border Corruption


Senator Ike Ekweremadu
Members of the Economic Community of West African State (ECOWAS) Parliament have resolved to take firm measures to address the numerous barriers to cross border investment, particularly corruption.

They were also of the view that ECOWAS will vigorously implement the single currency, ECO.

This was contained in a communiqué issued by Senator Ike Ekweremadu, Speaker of ECOWAS Parliament at the end of a two-day dialogue in Accra on cross border challenges and opportunities for trade and finance.

Members of the ECOWAS Parliament called for the establishment of export products standards in order to improve access to global markets, engagement with innovative development finance initiatives to access low cost funds for development.

They urged ECOWAS to involve stakeholders in its regional integration process, particularly civil society organizations.

They said ECOWAS must come up with strategies to tackle the non-implementation of integration, particularly on intra-community trade and finance

Members called for the deepening of industrialization efforts in the region to promote regional trade competitiveness through diversified product regimes, strengthen the regulatory institutions to monitor product quality and enforce laid down standards.

The ECOWAS Parliament dialogue was organized by the National Institute for Legislative Studies, National Assembly in collaboration with the African Capacity Building Foundation and ECOWAS Parliament.

It brought together stakeholders to discuss ways of deepening intra-regional trade relations among ECOWAS countries.

[email protected]By Cephas Larbi

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