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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, […]
Efforts to boost regional trade could be strengthened following the nomination of The East African Business Council (EABC) at the World Customs Organisation (WCO), a Private Sector Consultative Group in charge of the implementation and monitoring of customs standards and procedures. The partnership will see the two bodies work together in monitoring the progress and […]
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 […]
The Single Customs Territory, whose major objective is to overcome the hurdle of slow and costly movement of goods and services and also improve the business environment in the region, is yet to be fully operational even after the lapse of the July 1 deadline. In the Northern Corridor comprising Kenya, Uganda and Rwanda, the […]
Limiting corruption is a vital part of lowering costs of doing business in the East African Community. The issue came up during a meeting of the EAC Regional Programme for Sensitization of Border Communities at Rusumo, a border town between Tanzania and Rwanda. ‘Corruption within the Immigration and Customs departments is one of the major […]
Local and regional traders using the Tanzania–Burundi border post will no longer spend much time crossing when the two countries start, under pilot basis implementation, the One Stop Border Post (OSBP) in Kabanga-Tanzania and Kobero—Burundi. Under the OSBP, services will be harmonised with incoming traffic jointly cleared by officers from both countries from one side […]
The Prime Minister, Mr Mizengo Pinda, has ordered the Ministry of Transport to monitor closely public institutions, to curb unnecessary bureaucracy at customs posts. Moving a motion to adjourn the National Assembly until November, this year, Mr Pinda said such a situation has hindered government from getting the desired revenues. He noted that when he […]
Importers and exporters will benefit from a new system put in place by the the Kenya Revenue Authority’s Customs Services Department. Dubbed ‘Authorized Economic Operators’, it gives operators preferential treatment in the processing of transactions. According to KRA southern region senior assistant commissioner Fatma Yusuf, players must be compliant with the Kenya Revenue Authority procedures […]
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