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Kenya has broken ranks with its EAC partners over the introduction of a new levy on imports that is designed to raise money for building regional infrastructure. The 1.5 per cent charge on all imports into the EAC, referred to as the infrastructure levy, was agreed upon by finance ministers from member states during pre-budget […]
The Tanzania Revenue Authority (TRA) has began to train small and medium entrepreneurs involved in cross-border trade on what products they should pay duty so they could benefit from what they trade in the East Africa Community. This was revealed on Friday by the TRA’s Principal Taxpayer Service Officer, Rose Mahendeka, at the training of […]
The Tanzania Revenue Authority (TRA) has began to train small and medium entrepreneurs involved in cross-border trade on what products they should pay duty so they could benefit from what they trade in the East Africa Community. This was revealed on Friday by the TRA’s Principal Taxpayer Service Officer, Rose Mahendeka, at the training of […]
EAST African Community (EAC) member states are hopeful their envisaged monetary union will not experience problems that befell the Eurozone, as they will establish an early warning system and a stabilization facility to ensure economic resilience in partner states. The EAC member states are set to establish a monetary union over a period of ten […]
As the World Trade Organization nations approach the July 31 deadline to ratify the Bali Trade Facilitation Agreement, dozens of trucks wait in queue to cross the border from Kenya to Uganda. Hauling tomatoes along East Africa’s northern border, these truckers have lost up to four hours in reduced speed because of poor road conditions […]
East African Community members are locked in trade disputes that are blocking movement of goods within the regional market. An assessment done by a key organ of the community in May reveals that Kenya, Uganda, Tanzania, Rwanda and Burundi are struggling to balance the spirit of the Customs Union launched four years ago with shielding […]
The East African Business Council is cautioning the bloc against allowing export processing zone investors to fully access the regional market, saying such a move would be against the Customs Union Protocol. Kenya has asked the East African Community to remove restrictions on investors in the EPZs so that they can sell 100 per cent […]
Negotiators from the EAC and the EU will meet in Kigali later this month, hoping to finalise contentious issues that have delayed the signing of a long-term trade treaty between the two blocs. Failure to sign an Economic Partnership Agreement (EPA) by October 1 will see goods from Kenya subjected to a 12 per cent […]
The advent of the Single Customs Territory is a major step towards rebooting intra-regional trade and implementing the East African Common Market. Already, importers from landlocked countries using the ports of Mombasa and Dar es Salaam have started reaping the benefits due to the short time taken to transport goods to various destinations. For instance, […]
EAC partners have taken issue with Burundi for introducing new taxes on cigarette imports, terming the decision “discriminatory” and “contrary to the region’s Custom policy.” In the latest trade spat in the region, Uganda, Kenya, Rwanda and Tanzania say the April decision by Bujumbura to introduce a $0.25 excise duty on every pack of cigarettes […]
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