Regional trading times and costs have been reduced through elimination of Non-Tariff Barriers in the region advancing trade and prosperity, says a TradeMark Africa evaluation report. TradeMark Africa has been supporting the elimination of Non-Tariff Barriers (NTBs) to trade in the East African Community (EAC). NTB’s present a serious challenge to trade with an EAC wide cost estimate of NTBs (2010) being approximately US$490 million. Emerging results from the recently conducted independent evaluation of the NTB’s programme indicate a 14 per cent reduction in time taken to import goods from each East African country (from 36 days to 31 days) and a 20 per cent reduction in time taken to export goods from each EAC country (from 33 days to 26 days). Further results indicate a reduction in the cost of transporting a standard (40 foot) container from Mombasa to Kigali, from US$6,500 in 2011 to US$4,800, which is estimated to have generated a saving (at constant volumes) of approximately US$7 million on the Mombasa-Kigali route alone Similarly, Inland transportation times from Dar es Salaam to Kigali have dropped considerably, now to 3.5 days. Burundi tops the list of the East African countries that has witnessed the highest import reduction time – at 28 per cent (from 30 days to 43 days). The time taken to export from Uganda has successfully reduced from nearly 35 days in 2010 to under 30 days in 2015. Other areas that have witnessed great progress include – Tanzania which has witnessed a 99 per...
Elimination of Non-Tariff Barriers advances trade within EAC
Posted on: April 21, 2016
Posted on: April 21, 2016