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Kenya has differed with the other East African partner states over the status and management of the export processing zone (EPZ) firms in the region. At the recent EAC Sectoral Council of Ministers’ meeting, Kenya proposed that domestic market access thresholds for EPZ firms raised from the current 20 per cent to 100 per cent […]
The value of East African Community intra-regional trade is set to rise following the review of the cross-border passage rules of origin on export goods originating from the partner states. In the revised draft of the rules of origin agreed on by the EAC Sectoral Council of Trade and Finance Ministers, the value threshold has […]
East African governments have used taxes to cushion their local industries on the one hand and encourage imports that support key sectors, such as infrastructure and energy, on the other, in a balancing act that gives fresh impetus to implementation of the Common Market Protocol. In budget proposals announced on Thursday, Kenya, Uganda, Rwanda and […]
The importer in Kenya was required — prior to verification to apply for, process and forward to the PSI company an Import Declaration Form (IDF) — which acts as an import licence detailing the value of the goods to be imported and other descriptions. The form costs Sh5,000. On importation of the goods, a fee […]
Kenya Trade Network Agency (KenTrade) has announced it will now be possible for importers and exporters to file the taxes and other payments through the banks, using its electronic platform. The entire software is also inter-linked to the Kenya Revenue Authority (KRA) iTax System, for purposes of speedy payment of taxes. In a public notice, […]
The State is fast-tracking the establishment of three special economic zones (SEZs) in Kisumu, Mombasa and Lamu. The manufacturing facilities to be set up within these zones, including textile factories, are expected to create a million jobs yearly. Â Parliament is also expected to pass a law establishing SEZs by the end of this month. […]
Excise duty rates are yet to be harmonized in the East African Community, hindering the free movement of goods and services within the Common Market. The reasons for this are historical and fiscal — with states applying different rates in various ways, even for as long as 60 years, without changes. These reasons are not […]
The signing of the highly anticipated trade agreement between the East African Community and the European Union has been delayed again. At the latest EAC Sectoral Council on Trade, Industry, Finance and Investment meeting in Arusha on May 30, the ministers pushed the final negotiations to July 14 due to meetings scheduled on the national […]
Rwanda has secured parliament’s commitment to pass the EAC Monetary Union Protocol ratification law this month, putting the country ahead of its regional peers in the implementation of the protocol signed by heads of state in Uganda in November. Tanzania and Rwanda have made the biggest steps so far among their EAC peers in ratifying […]
Kenya, Uganda and Rwanda agreed to implement the Single Customs Territory (SCT) in January 2014. They have since been test-running the procedures for a select group of intra-EAC traded goods, like cement, cigarettes, neutral spirits, milk and milk products, and confectionary since April 1. Under this arrangement, an importer needs to electronically lodge import declaration […]
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