Search Results for: customs

July 24, 2014

TANZANIA, BURUNDI TO LAUNCH ONE-STOP BORDER POST SOON

Tanzania and Burundi have moved steps closer towards being the first countries in the East African Community (EAC) to operationalize the One Stop Border Post (OSBP) concept at Kabanga/Kobero . The pilot operation is scheduled to commence in June of this year following completion of temporary structures on site and the installation of ICT systems […]

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July 24, 2014

EAC SINGLE CUSTOMS TERRITORY ON COURSE

East Africans may soon enjoy a smooth trade flow if the Single Customs Territory (SCT) is fully rolled out. Under the arrangement, the EAC member states will adopt a destination model of goods clearance, where assessment and collection of revenue is to be done at the first point of entry. This has already started in […]

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July 24, 2014

EAC MEMBERS TO START JOINT CUSTOMS TAX COLLECTION IN JULY

Partner States of the East African Community will jointly collect customs taxes starting July following a successful test-run on a selected range of commodities. Kenya, Uganda and Rwanda have been experimenting on the system, known as the Single Customs Territory (SCT), since April 1. Under the system, importers in the countries are required to lodge […]

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July 24, 2014

TANZANIA, BURUNDI HOLD BACK SINGLE CUSTOMS ZONE BID

Less than two months to a self-imposed deadline for full implementation of the Single Customs Territory, only three out of the five East African Community countries have embraced the system. The presidents of member states in November last year agreed on a July 1, 2014, date but only Kenya, Uganda and Rwanda have begun the […]

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July 24, 2014

EAST AFRICAN COMMUNITY STATES BANK ON NEW SYSTEM TO CUT BUSINESS COSTS

Joint efforts by East African Community (EAC) member States to reduce the cost of doing business in the region have received a major boost with the planned operationalisation of the Single Customs Territory (SCT) on July 1. The move also forms a major stride towards the attainment of a fully- fledged customs union in the […]

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July 24, 2014

BUSINESS LEADERS DEMAND SHIFT TO NEW TRADE RULES

The East African Business Council, the umbrella body of the region’s private sector, has asked governments in the five-member East African Community (EAC) to expedite implementations of the new WTO trade facilitation agreement. Council chairperson, Felix Mosha, made the appeal on Tuesday during a breakfast meeting with trade facilitation institutions and the business community in […]

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July 24, 2014

‘Easing Movement of Goods, Services within Africa critical’

There was a collective consensus among African leaders on the topic of mobility in Africa, as well as the importance of efficient border and visa policies. We have seen good follow-up particularly in East Africa and it is imperative to continue to work on the border and customs environment to grow intra-Africa trade. The forum […]

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July 24, 2014

RE-EXPORTS TO EAC HIT A NEW HIGH THIS YEAR

Foreign goods ordered by Kenyan traders for resale in region have risen sharply in the first quarter of the year amid dropping Indian Ocean piracy and improvement in cargo clearance. Official data shows that trade in re-exports — foreign goods that are imported to be exported again — stood at 11.3 billion in the first […]

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July 24, 2014

EAC IS SET TO EXPEDITE FEDERATION

The year 2014 has continued to register vital achievements for the East African Community integration agenda. It is a year in which we have witnessed more landmarks in the integration process than some people had probably envisaged. Most of these developments formed the agenda and resolutions of the 12th extraordinary heads of state summit on […]

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July 24, 2014

BREAKTHROUGH IN EAC-EU TRADE TALKS

Some progress has been made in talks on Economic Partnership Agreement (Epa) between the East African Community and the European Union. Richard Owora, the head of corporate communication and public affairs at EAC Secretariat, told The New Times that negotiations on the Rules of Origin Protocol, including the product specific rules, successfully ended on March […]

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