In accordance with the decision taken by the partner states of the East African Community (EAC) on May 5, 2022, the Common External Tariff (CET) for imports entering the bloc has been raised to 35 percent from July 1, 2022.
In accordance with the decision taken by the partner states of the East African Community (EAC) on May 5, 2022, the Common External Tariff (CET) for imports entering the bloc has been raised to 35 percent from July 1, 2022. The increase in tariff will make daily consumed products such as dairy, meat, alcohol, cereals, cotton, and textiles imported into the East Africa region costlier.
The levy imposed on imported finished products from non-member states is part of a strategy to encourage local production and industrialisation. Commodities entering Burundi, Kenya, Rwanda, South Sudan, Uganda, Tanzania, and DR Congo will now be costlier.
Others on the higher Common External Tariff (CET) tax include fruits, nuts, sugar, and confectionery, coffee, tea, spices, head gears, ceramic products, and paints, iron and steel, edible oils, furniture, leather products, and fresh-cut flowers.
Some flexibility in the implementation of the revised CET, has been agreed by the EAC Council of ministers particularly on products impacted by the current global economic developments. It establishes a three-band CET with a minimum rate of zero percent on raw materials and capital goods, 10 percent on intermediate goods, and 25 percent on finished goods. However, certain products considered to be of critical economic importance to the Partner States attract duty rates of above 25 percent including sugar, wheat, milk, textile products, maize, rice, and cigarettes.
Also read;
https://trendsnafrica.com/eac-finalises-list-of-goods-for-tariff-removal/
https://trendsnafrica.com/eac-trade-remedies-committee-to-iron-out-disputes/
https://trendsnafrica.com/eac-moving-closer-to-signing-of-the-new-economic-partnership-agreement
