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    Kenya Tanzania to Remove Trade Barriers

    Eunniah
    By Eunniah Mbabazi
    - March 25, 2020
    - March 25, 2020
    African Wall StreetKenya Business newsTrade
    Kenya Tanzania to Remove Trade Barriers

    Kenya and Tanzania are seeking to remove trade barriers between them, a move that aims to boost cross border trade.

    The two countries had scheduled a meeting in April to abolish ten trade barriers between them.

    According to Kenya’s High Commissioner to Tanzania, Dan Kazungu, exports to Tanzania rose by KSh5 billion to stand at KSh38 billion, a figure attributed to the resolution of 25 non-tariff barriers last April, from 37.

    Kenya is working on improving trade ties with its neighbours. In October last year, the government announced plans to establish more One-Stop Border Points (OSBPs) along the Kenya-Ethiopia border to improve the speed and efficiency of moving goods across the border, and in the long run, enhance trade between the two countries.

    Already, businesses in the East African Community (EAC) region are pushing for the region’s Common External Tariff (CET) to be capped at 32.5%, to protect them from unregulated imports.

    See Also:

    Kenya to Open More Border Points to Increase Trade with Ethiopia

    Trade among African Countries Takes a Dip to 14.4%

    The Kenyan Wall Street

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