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EAC adds additional tariff band to its Common External Tariff

Saturday, 07 May 2022 05:49

The EAC Common External Tariff (CET), that currently relies on 3 bands (0%, 10%, and 25%, applicable respectively to raw materials, intermediate and final goods), will be soon expanded with a further (4th) band that will hit with a 35% ad valorem customs duty the imports in the EAC of a series of goods from non-member States. Precisely, the 35% duty rate will be applicable to dairy and meat products, cereals, cotton and textiles, iron and steel, edible oils, beverages and spirits, furniture, leather products, fresh-cut flowers, fruits and nuts, sugar and confectionery, coffee, tea and spices, textiles and garments, head gears, ceramic products and paints.

Horn of Africa countries meet to elaborate solutions for increasing trade in the Region

Thursday, 05 May 2022 06:52

On 6 and 7 April 2022, the Horn of Africa Initiative (HoAI) Secretariat, together with the African Development Bank, the World Bank, the EU Commission, a representation from the Intergovernmental Authority on Development (IGAD) and delegations of officials from the Ministries of Trade, Finance, Transport and of the revenue/customs authorities of Ethiopia, Kenya, Somalia and Djibouti met in Nairobi in a Trade Workshop to discuss and identify a series of priority actions that HoAI countries governments should pursue in the short and medium term in order to facilitate trade and increase regional integration in the Horn.

Informal trade in Zambia increases significantly

Wednesday, 04 May 2022 15:24

According to the results of a survey conducted on Zambia’s Small Scale Cross Border Trade (SSCBT) whose results were announced on Tuesday, 3 May 2022 during a half-day hybrid workshop held by the COMESA Secretariat and the Zambia Statistical Agency (ZamStats), informal trade in Zambia has significantly increased, especially at the Kasumbalesa border with DR Congo. At this border post, the main traded informal export products were fish and fish products, while rice was the main informal import product.

WEF-WTO report calls for interoperability between Single Window systems

Wednesday, 13 April 2022 07:20

Trade agreements should recognize the critical issue of interoperability between Single Window (SW) systems. This is one of the main conclusions of a new published joint report of the World Economic Forum (WEF) and the World Trade Organisation (WTO). The report notes that while many trade agreements, including the WTO’s Trade Facilitation Agreement, support the use of SW systems to expedite the movement, release and clearance of goods, only a small number of recent trade agreements address the issue of interoperability between such systems.

EU Customs Union, a "less than perfect" Customs Union

Monday, 11 April 2022 14:30

The Wise Persons Group (WPG), an independent high-level group comprised of members from politics, industry, trade and academia, recently issued a report analyzing, on request of the European Commission, the challenges that EU Customs currently face, by examining current rules, procedures and governance and advising on how these can be improved. Their recommendations will feed into the customs reform package, which the Commission will present by the end of this year.

News

EAC adds additional tariff band to its Common External Tariff

Horn of Africa countries meet to elaborate solutions for increasing trade in the Region

Informal trade in Zambia increases significantly

WEF-WTO report calls for interoperability between Single Window systems

EU Customs Union, a "less than perfect" Customs Union

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