zion

 

 

The Bill, if passed into law, will empower GITC to regulate Ghana’s international trade in conformity with the rules and regulations of the world trade system and deal with related matters.

 

As part of its duties under the law, GITC will ensure special import safeguard measures such as anti dumping duties and tariff adjustment.

 

GITC will also be required under the law to monitor and advise the Minister of Trade and Industry on Ghana’s compliance with its bilateral and multilateral treaty obligations in the area of international trade, conduct studies and publish reports on the competitiveness of Ghana’s tariff structure and the impact of the tariff structure on domestic industry, market access opportunities and challenges in relation to exports from Ghana.

 

In addition, GITC, if established, will ensure fairness, efficiency, transparency and objectivity in the application of measures affecting international trade and the use of world trade measures.

 

Addressing a one-day workshop on the GITC Bill in Accra, last week, Mr Tawia Akyea, Chairman of the Tariff Advisory Board, noted that it was important for Ghana to take steps to regularise its international trade in order to meet the world trade standards and to minimize political influence in trade.

 

Mr Akyea cautioned members of the Commission, if established, not to disclose confidential information obtained by the commission because the law made it an offence liable, on summary conviction, to a fine of not less than five hundred penalty units and more than one thousand penalty units or to a term of imprisonment not less than two years.

 

Source: ISD (Michelle F. Agbenorto)