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The East African Community (EAC) Council of Ministers will meet next month to conclude talks on the outstanding issues on signing of the contentious Economic Partnership Agreement (EPAs). About two and half months to the deadline set by the European Union (EU) for all the Africa Caribbean and Pacific (ACP) countries to sign the EPAs, […]
The East African Community (EAC) member states, including Rwanda, continue to implement regional trade policies that aim to improve the business climate in the bloc and boost the region’s competitiveness. These policies are also meant to ease access to landlocked countries of region as well as reduce cost of doing business. This and other national […]
Kenya has renewed the push to increase the quantity of products that manufacturers operating in Export Processing Zones sell within the region. At a meeting of East African Community (EAC) ministers for Finance and Trade, the country called for the region’s law to be amended to allow firms in EPZs to sell all their products […]
Kenya is yet to sign the Economic Partnership Agreement (EPAs) with the European Union because of some outstanding issues. EPAs, which are an improvement of the Lome Conventions that date back to 1975, are expected to enhance the current preferential market access of Kenya’s products in the EU. The deal is also meant to promote […]
The qualms that had earlier arisen over Tanzania’s commitment towards the achievement of an East African Community are seemingly put aside following reports that the country has joined the Single Customs Territory (SCT). The questions stemmed from the decision by the governments of Uganda, Kenya and Rwanda to jointly fast track and implement infrastructure projects […]
Industrialization in the country continues to be among the potential prime movers of the economy after the agricultural sector. With numerous construction and infrastructure projects like the standard gauge railway construction on the pipeline, growth in the manufacturing sector is expected to increase tremendously . Growth in the manufacturing sector brings increased competition and more […]
THE implementation of the Single Custom Territory (SCT) is seen as a crucial move that will reduce costs of doing business and increase efficiency in East African Community customs’ services, but for the Tanzania clearing and forwarding agents it is a blessing in disguise. The SCT is one of the key regional integration priority policy […]
The Ministry of East African Affairs has warned that introduction of levies on transit goods by border counties is inhibiting trade within the East African Community (EAC). Principal Secretary Mwanamaka Mabruki said the move by counties to levy transit goods will hinder the community’s quest for seamless trade. “Imposing taxes on goods going to EAC […]
Tanzania is losing over $20 Billion in revenues through tax incentives to investors in the export processing zones and illicit flows, a new survey that calls for tough legislation to stem the loopholes shows. The latest Global Financial Integrity (GFI) report on trade mis-invoicing launched last week found that mis-invoicing of trade facilitated a whopping […]
Full implementation of Single Custom Territory (SCT), aimed at eradicating trade barriers in East Africa, begins on July 1, the Tanzania Revenue Authority (TRA) confirmed. The SCT initiatives are under the trilateral arrangement including Tanzania, Burundi and Uganda for the central corridor and Kenya, Rwanda and Uganda for the northern corridor that was piloted from […]
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