Kenya and Tanzania manufacturers are calling for East African Community (EAC) member states to promptly resolve pending non-tariff barriers to enhance intra-trade within the region. During a trade investment forum held on Thursday hosted by Kenya Association of Manufacturers (KAM) and Confederation of Tanzania Industries (CTI) in Dar Es Salaam, Tanzania, the industry stakeholders called for speedy resolution of non-tariff barriers (NTBs) and the review of the East African Community Common External Tariff (EAC CET). Trade between Kenya and Tanzania has improved in recent years in favour of the latter and is expected to be boosted by renewed talks after a long period of hard stance. “The visit by Her Excellency the President of Tanzania, Samia Suluhu heralded a new dawn, in the relationship between Kenya and Tanzania. Let us take advantage of this enhanced friendship, to resolve outstanding non-trade barriers that hinder trade between the two countries. A win for our community, means prosperity for us all,” said Dan Kazungu, Kenya’s High Commissioner to Tanzania. Kenya’s exports to Tanzania declined from Kshs. 34 billion in 2016 to Kshs. 31.6 billion in 2020 while Tanzania’s exports to Kenya grew from Kshs. 12.6 billion to Kshs. 27.6 billion in 2020. EAC Principal Secretary Dr Kevit Desai, urged traders in the region to embrace the Buy East Africa Build East Africa Initiative in order to enhance regional intra-trade “Through this initiative, governments will be more encouraged, to promote their respective local content. Additionally, it is important that all stakeholders complement each other’s...
Manufacturers want trade barriers addressed to deepen EAC trade
Posted on: July 12, 2021
Posted on: July 12, 2021