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Intra Eac Trade News Today : Breaking News, Live Updates & Top Stories | Vimarsana

High cost of intra-EA cash transfers slows the Common Market

World Bank data shows that some money remittance corridors in the region are among the most expensive in the world, much higher than the global average.

South sudanUnited kingdomKieran murphyWorld bank approach to crossInternational monetary fundAfrica communityWorld bankCommon marketEast africa communityWorld bank approachCross border payments technical assistanceEast africaEast africa money transferIntra eac tradeMoney charges in east africaEac monetary union

NTBs cost region $16m, threatening intra-EAC trade

Of the nine unresolved barriers, Tanzania and Uganda have highest number, with Dodoma having four and Kampala three. EAC bosses want these resolved by June this year.

South sudanPeter mathukiBenedict musengeleMark africaWilliam anyuon kuolRegional meeting committeeNational monitoringAfrican communityRegional monitoring committeeNational focal pointsAfrica cotton industriesAfrican courtEast african communityMeeting committeeGeneral peter mathukiEast african court

Non-tariff barriers cost region $16 million, threatening intra-EAC trade

Of the nine unresolved barriers, Tanzania and Uganda have highest number, with Dodoma having four and Kampala three. EAC bosses want these resolved by June this year.

South sudanWilliam anyuon kuolIntra eac tradeNon tariff barriersin eacEac trade barriersPeter mathukiNon tariff barriers

EAC external trade grows as member states imposes more barriers

Total intra-EAC trade grew by 11.2pc from $9.81 billion in 2021 to $10.91 billion in 2022.

New delhiNairobi areaUnited statesUnited arab emiratesPeter mathukiAfrica comesaIndia africa trade councilAfrican communityCustoms union protocolIndian economic trade organisationInvestment reportWest africanCommon marketSouthern africaEconomic communityWest african states

Intra-EAC trade slumps after execution of 35pc tax on imports

Top among the challenges is misclassification of the products in the CET bands, in particular processing of intermediate inputs.

Anthony mwangiJohn kalisaKenya association of manufacturersAfrican communityCustoms unionAfrican business councilEast african communityEast african business councilExternal tariffBrief analysisCountry specific duty remissionPartner statesDuty remission schemeSpecific duty remissionTariff bandIntra eac trade

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