Kenya has promised to ease trade transactions with its neighbor country Tanzania by January next year.
The decision was made to bolster trade between the two nations and increase the volume of locally made goods exchanged between them.
According to Kenya’s High Commissioner to Tanzania, Mr. Isaac Njenga, both governments have already set plans in motion to remove all outstanding trade tariffs between them before the end of January.
He stated during the Jamhuri Day celebrations in Dar es Salaam, that the visit from the President Ruto already propelled the removal of over 50 non-tariff obstacles, thereby enhancing the bilateral trade between Kenya and Tanzania.
Breaking down fiscal figures Mr. Njenga disclosed that Kenya’s exports to Tanzania increased to KES 45.6 billion in 2021 from KES 31.4 billion in 2020.
He also added that imports from Tanzania have practically doubled from KES 27.2 billion in 2020 to KES 50.1 billion in 2021, while total trade was boosted from KES 58.6 billion in 2020 to KES 95.7 billion in 2021.
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