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TANZANIA Freight Forwarders Association (TAFA) has urged the government to postpone the introduction of Single Customs Territory (SCT) to give room for stakeholders’ opinions. The TAFA President, Mr Steven Ngatunga told reporters over the weekend that the SCT set to take off next month came as a surprise to them despite the fact that they […]
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 […]
Chambers of Commerce from across East Africa and their members are being offered an opportunity to develop trade and commercial ties at a Global Trade Forum set to take place in Kampala on June 18. Olive Kigongo, the President, Uganda National Chamber of Commerce (UNCCI) who also serves as Vice-Chair of the East Africa Business […]
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 […]
Tanzania has been urged to create a single window at border points so as to boost cross-border trade in the East African region. “There is a need for Tanzania government to create a single window at border points so as to make it easy for traders to conduct their business. The government must find ways […]
Movement of goods across East Africa will become much faster later this year as the region moves to complete one-stop border posts (OSBP) within the Community. The OSBPs which are necessary for East Africa to become a fully-fledged Customs Union, will reduce the time transporters spend trying to clear goods at the different border points. […]
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 East African Community has been advised to go slow on its pursuit of a monetary union and instead implement the Common Market Protocol. Dr Horst Kohler, a former International Monetary Fund head who was also president of Germany, argued that the EAC is moving too fast towards a monetary union without fully functioning structures. […]
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