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At the just concluded international conference on climate change and food security in Geneva, Switzerland, experts urged the EAC region to adopt punitive measures against partner states that deliberately impose trade restrictions under the guise of safeguarding national interests. “Whereas trade reforms can improve regional food insecurity, regulatory barriers to trade and competition along the […]
The EAC Regional Programme for Sensitization of Border Communities commenced 24 June 2014, at Rusumo town which sits at the border of Rwanda and Tanzania. The programme’s overall objective is to raise awareness among cross-border communities within the EAC region, with particular focus on small scale traders to enhance their understanding of the EAC integration […]
The East African Community (EAC) member states will implement the single customs territory along the Central Corridor from the Port of Dar es Salaam in Tanzania to Kigali and other regional capitals effective July 1. The move is aimed at facilitating quick clearance of consignments entering the EAC territory through Dar es Salaam. The implementation […]
There are more non-tariff barriers in Kenya and Uganda hindering free movement of goods from Mombasa port to the region, a new survey has revealed. The survey conducted by Northern Corridor Transit and Transport Coordination Authority (NCTTCA), indicates that despite the drastic reduction of barriers in countries like Rwanda and Burundi, transporters still face significant […]
TANZANIA will strive to promote intra-Africa trade, an important initiative that presents opportunities for sustained growth and development. Intra-African trade has the potential to reduce vulnerability to global shocks, contribute to economic diversification, enhance export competitiveness and create employment. This was said by the Deputy Permanent Secretary in the Ministry of Industry and Trade, Ms […]
Beverages such as mineral water, soft drinks and beer have been added onto items to be cleared under the Single Customs Territory system, a regional initiative meant to speed up the clearance of goods and quicken revenue collection. Other goods that have also been cleared under the system include; wines, spirits and plastics. “Beginning June […]
Crossing East African Community (EAC) borders has until recently been characterized by repetitive procedures and considerable wasted time, especially for business people. Routinely, importers would comply with Customs requirements in neighbouring countries before doing the same in their own. This adversely affected the flow of regional trade due to duplication of effort. One Stop Border […]
Tanzania Revenue Authority (TRA) has said that the effective implementation of the Single Customs Territory (SCT) would help to curb cheating in the cargo declarations. As a result, the TRA Chief told East African Business Week during the awareness workshop to stakeholders on the implementation of the SCT in Dar es Salaam last week that […]
Trade is an excellent kindle for igniting growth, jobs and socio-economic gains. For this to occur, trade has to be effectively harnessed and sustainably exploited. This requires market information, trade intelligence, skills upgrade, productive capacity and an enabling business environment. In many respects, these elements are ‘Business 101’ of what any economy needs to grow […]
Execution of Single Customs Territory (SCT) will curb cheating in cargo declarations, thus increasing revenue collection, so says the Tanzania Revenue Authority (TRA). The TRA Commissioner General, Mr Rished Bade, told an awareness workshop to stakeholders on implementation of the SCT that the system will have special mechanism of monitoring the whole process from declaration […]
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