Page 27 (b) "remission" includes exemption from duties for goods imported into free ports, free zones or other places which have similar Customs privileges; and (c) "duties" means Customs duties and any other charge, with equivalent effect imposed on imported goods, except the non-protective element in such duties or charges. Article 48 Compensation for Loss of Revenue 1. The Council shall, on the report of the Executive Secretary and the recommendation of the Trade, Customs, Taxation, Statistics, Money and Payments Commission, determine the compensation to be paid to a Member State which has suffered loss of import duties as a result of the application of this Chapter. 2. The Council shall, in addition to compensation to be paid to Member States which suffer loss of revenue as a result of the application of this Chapter, recommend measures for promoting productive and export capacities of these countries so as to enable them to take full advantage of the benefits of trade liberalization. 3. The method of assessment of the loss of revenue and compensation shall be as stipulated in the Protocol on the Assessment of Loss of Revenue. Article 49 Exceptions and Safeguard Clauses 1. In the event of serious disturbances occurring in the economy of a Member State following the application of the provisions of this Chapter, the Member State concerned shall, after informing the Executive Secretary and the other Member States, take the necessary safeguard measures pending the approval of the Council. 2. These measures shall remain in force for a maximum period of one year. They may not be extended beyond that period except with the approval of the Council. 3. The Council shall examine the method of application of these measures while they remain in force. Article 50 Trade Promotion 1. Member States agree to undertake, through their public and private sectors, trade promotion activities such as: (a) promotion of the use of local materials, intermediate goods and inputs, as well as finished products originating within the Community; (b) participation in the periodic national fairs organised within the region, sectoral trade fairs, regional trade fairs and other similar activities; 2. At regional level, the Community shall undertake trade promotion activities which may include: (a) organization, on a regular basis of an ECOWAS Trade Fair;