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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 […]
East African Community partner states posted progress in eliminating non-tariff barriers (NTBs) in the first five months of the year with the number of new barriers falling gradually, which reduced the cost of doing business and opened up more opportunities across the bloc. But the five countries of Kenya, Uganda, Tanzania, Rwanda and Burundi continued […]
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 […]
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 […]
Efficient customs services can play an important part in monitoring trade related regulations as well as generating substantial amount of revenues. World Customs Organisation (WCO) says developing countries like Tanzania will achieve higher economic growth rates if customs services are improved to cut down the cost of doing business. The Ambassador of Finland to Tanzania […]
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 […]
Technical failures arising from inconsistent information technology infrastructure is hampering the success of the Single Customs Territory, traders expressed during a one day training workshop on the recent regional customs developments and procedures. The training attracted over 90 Ugandan shippers and freight forwarding agents, traders, Uganda Revenue Authority officials, members of Uganda Shippers Council who […]
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 […]
Members of East African Legislative Assembly (EALA) have called upon the business community and other stakeholders to fully exploit Single Customs Territory potential. They made the call in Arusha when contributing to the report of the Committee on Communications, Trade and Investment on Single Customs Territory tabled in the 6th EALA Plenary session on Tuesday. […]
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