East African Business Council
  • Menu Canvas
    • HOME
    • ABOUT
      • WHO WE ARE
      • OUR TEAM
        • BOARD MEMBERS
        • MANAGEMENT
      • ORGANISATION STRUCTURE
      • PUBLIC PRIVATE DIALOGUE
      • SECTORIAL DESKS
      • OUR PARTNERS
    • MEDIA
      • NEWSROOM
      • EVENTS
      • PRESS RELEASE
      • PHOTO GALLERY
    • MEMBERSHIP
      • CATEGORIES
      • BENEFITS
      • JOIN US
      • OUR MEMBERS
        • ELITE MEMBERS
        • OTHER MEMBERS
    • RESOURCES
      • POLICY ADVOCACY
      • PUBLICATIONS
      • REPORTS
      • WEBINARS
      • DOWNLOADS
    • OPPORTUNITIES
      • VACANCIES
      • TENDERS
    • CONTACT US
    • COVID19
    • SEARCH
  • COVID-19COVID - 19
  •  |  Submit Policy Issues
  • director@eabc-online.com
  • +255 27 2520163
  • Burundi
  • DRC
  • Kenya
  • Rwanda
  • South Sudan
  • Tanzania
  • Uganda
 
East African Business Council
  • HOME
  • ABOUT
    • WHO WE ARE
    • OUR TEAM
      • BOARD MEMBERS
      • MANAGEMENT
    • ORGANISATION STRUCTURE
    • PUBLIC PRIVATE DIALOGUE
    • SECTORIAL DESKS
    • OUR PARTNERS
  • MEDIA
    • NEWSROOM
    • EVENTS
    • PRESS RELEASE
    • PHOTO GALLERY
  • MEMBERSHIP
    • CATEGORIES
    • BENEFITS
    • JOIN US
    • OUR MEMBERS
      • ELITE MEMBERS
      • OTHER MEMBERS
  • RESOURCES
    • POLICY ADVOCACY
    • PUBLICATIONS
    • REPORTS
    • WEBINARS
    • DOWNLOADS
  • OPPORTUNITIES
    • VACANCIES
    • TENDERS
  • CONTACT US
  • COVID19
  • SEARCH

INDUSTRY LEADERS CALL FOR REGIONAL WIDE DUTY REMISSION SCHEME

EABC
June 17, 2022
EABC - TMEA, Highlights, News

Friday, 17th June 2022 Nairobi, Kenya: –  Industry leaders have called for a regional wide duty remission scheme instituted to spur intra-EAC trade.

Speaking at the EAC Incentive Scheme Workshop organized by East African Business Council with support from TradeMark East Africa; Dr. Samuel Nyantahe from Confederation of Tanzania Industries (CTI) said, “Final products manufactured using raw materials benefiting from duty remission do not access the EAC market at the preferential rate of 0% which has set back the growth of intra-EAC trade and industrial value chains.”

Governments have allowed some raw materials to be imported outside the EAC bloc within duty remission, yet the raw materials are sufficiently available from other EAC Partner States, this has distorted the regional value chain integration.

The industry leaders have also called for a Regional Committee on Duty Remission to convene and for the private sector to be involved in overseeing the EAC Wide Duty Remission Scheme.

Low uptake of EAC incentive schemes by the private sector is due to lack of awareness of the accreditation procedures and benefits of the schemes to businesses.

Mr. John Bosco Kalisa, EABC CEO said, “Export Processing Zones (EPZ), Duty Remission Scheme (DRS) and Authorised Economic Operators (AEO); are all incentive schemes intended to promote EAC exports and facilitate trade. “

The EAC Incentive Schemes Workshop organized under the EABC-TMEA Public‐Private Sector Dialogue Programme for Trade and Investment in Eastern Africa improved awareness of over 40 business associations on use of EAC customs instruments and schemes such as Export Processing Zones (EPZs), Duty Remission Schemes (DRSs) and Regional Authorized Economic Operators (AEOs).

The workshop delved into the benefits and application of the customs schemes to EAC businesses, intra-EAC trade and investment, while also looking at how to improve accessibility & compliance to the schemes by the private sector.

Previous Story
EAST AFRICAN PRIVATE SECTOR CALL FOR FINALIZATION OF AfCFTA RULES OF ORIGIN
Next Story
NEW EABC BOARD MEMBERS 2022/2024

EABC ON TWITTER

Tweets by EABCjumuiya

EABC YOUTUBE CHANEL



MOST POPULAR

  • 35% MAXIMUM COMMON EXTERNAL TARIFF RATE SET TO BOOST INTRA-EAC TRADE BY USD 18.9 MILLION
  • EAC PRIVATE SECTOR EXPECTATIONS FOR THE UPCOMING HEADS OF STATE SUMMIT
  • EABC CONGRATULATES THE PRESIDENT OF THE UNITED REPUBLIC OF TANZANIA, HER EXCELLENCY SAMIA SULUHU HASSAN
  • East African Community set to support tourism sector through the EAC Tourism Recovery Plan
  • INTRA-EAC TRADE DROP BY 5.5% IN 2020 DUE TO COVID-19

UPCOMING EVENTS

  1. CEO RoundTable on UN International Day of Zero Waste

    March 29 @ 8:00 am - March 30 @ 5:00 pm UTC+3

View All Events

REPORTS

  • UGANDA READY TO TRADE UNDER AfCFTA GUIDED TRADE INITIATIVE
  • EABC VICE CHAIRMAN PRESENTS PRIVATE SECTOR CONTINENTAL PRIORITIES TO AFCFTA SECRETARY GENERAL, H.E WAMKELE MENE
  • EABC APPLAUDS PRESIDENT SAMIA SULUHU HASSAN FOR DONATING AND HANDING OVER LAND TO EAST AFRICAN BUSINESS COUNCIL
  • 2ND AFRICAN BUSINESS WOMEN AND YOUTH TRADE FAIR AND SUMMIT KICKS OFF IN ARUSHA

CONTACT INFO

  •   East African Business Council
          Ninth Floor, Mafao House
          Old Moshi Road.
          P.O. BOX 2617
          Arusha ,Tanzania

  •   director@eabc-online.com or       admin@eabc-online.com

  •   +255 27 2520162 or
           +255 27 2520163

QUICK GUIDE

  • Studying in the EAC
  • Working in the EAC
  • Investing in the EAC
  • Travelling within East Africa
  • EAC Reports Database
  • Overview of the EAC
  • Key Documents

USEFUL LINKS

  • Federal Chamber of Commerce & Industry, Burundi (CFCIB)
  • Kenya Private Sector Alliance (KEPSA)
  • Private Sector Federation Rwanda (PSF)
  • Private Sector Foundation Uganda (PSFU)
  • South Sudan Chamber of Commerce, Industry & Agriculture (SSCCIA)
  • Tanzania Private Sector Foundation (TPSF)

EXCHANGE RATE

CurrencyRate

LET'S CONNECT

  • Contacts
  • Privacy Policy
  • Cookies Policy
  • Send Us Feedback


East African Business Council ©2023. All Rights Reserved
en English
en Englishfr Frenchsw Swahili
Search

WhatsApp us