Connect with us

Hi, what are you looking for?

Kenya

EAC Secretariat to avail a trade hotline

NAIROBI, Kenya, May 12 – The EAC Secretary General, Dr. Peter Mutuku Mathuki, has revealed that the EAC Secretariat is set to avail a trade hotline providing cross-border traders with a platform to register their challenges and get prompt feedback, across all EAC border posts.

This is in a move set to resolve persistent Non-Tariff Barriers (NTBs) and reduce time spent in the movement of goods and persons, hence increasing intra EAC trade, which currently stands at 15 percent.

The Secretary General added that the hotline will enable the council to register persistent trade barriers, provide feedback and make follow ups.

“The hotline will enable us to register persistent trade barriers, provide feedback and make follow ups,” said Dr. Mathuki.

He spoke during a visit at the Namanga One Stop Border Post, where he was meeting Trade Facilitation Agencies and cross border traders to deliberate on sustainable solutions to ease cross border trade.

The East African Business Council facilitating the Public Private Dialogue (PPD), affirmed that the movement of goods and persons at the Namanga One Stop Border Post (OSBP) and truck traffic impasse has cleared following the directive by President Uhuru Kenyatta during the recent visit by Samia Suluhu, President of the United Republic of Tanzania.

The meeting providing a platform for cross border traders, Trade Facilitation Agencies, EABC and the EAC Secretariat to discuss sustainable solutions to boost bilateral and regional cross-border trade saw the traders urge for the harmonization of standards for the most traded goods in the region.

EABC is calling for the harmonization of taxes and charges across the region, reduction of weigh bridge costs and punitive fines imposed across borders.

Speaking at the forum, Tanzania Revenue Authority (TRA) Namanga OSBP Manager, Paul Kamkulu stated that in the year 2019/2020, Tanzania imports from Kenya stood at approximately USD 138.79 Million while exports to Kenya stood at approximately USD 124.33 Million. In the year 2020/2021, Tanzania imports from Kenya stood at approximately. USD 131.44 Million while exports to Kenya stood at approximately USD 170.40 Million

Advertisement. Scroll to continue reading.

Kenya Revenue Authority (KRA) Namanga Station Manager, Joseph Moywaywa, noted that amid the pandemic, Kenya’s top exports to Tanzania include detergent, tiles, auto-motives and solar panels, whilst Tanzania’s top exports to Kenya include fresh vegetables, alcoholic drinks and fertilizer.

Tanzania Ambassador to Kenya, H.E. Amb. Dr John Stephen Simbachawene who joined the EAC Secretariat delegation reiterated the commitment of the Tanzania Government in deepening relations to resolve trade barriers disrupting trade.

The Secretary General, who has been in office for less than a fortnight, was lauded for being the first Secretary General to hold a Public Private Dialogue with traders and facilitation agencies at the Namanga OSBP, in a move creating optimism on fast-tracking pending trade and policy issues.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...