8 June 2018

East Africa: Outreach to Help Small Traders Reap From EAC

Small businesses are being prepared to reap more from the East African Community after the government launched an outreach to empower their participation in regional trade.

The Rapid Results initiative that will run for 100 days targets to sensitise business groups and individual traders on how they can do business with correspondents from Burundi, Rwanda, South Sudan, Tanzania and Uganda.

EAC Cabinet Secretary Peter Munya on Thursday said traders from 13 counties that border the countries would be the first to be inducted.

"We will be engaging the public through various forums to make sure they fully understand the integration journey and what is in it for them," Mr Munya said during the launch of the initiative.

TARIFFSHe said Kenya is pushing for a speedy revision of the East African Community common external tariffs to save its narrowing market share within the region.

A conclusion of the new tariffs would ensure that Kenya and other EAC member states remain shielded from cheaper imports from other markets like China and India.

The countries are expected to make submissions on the expected revisions by the end of June to pave way for a year-long harmonisation set to be concluded in June 2019.

"This review is important for the local industries to prosper because we still have more goods coming from China and India at the expense of our local manufacturers. We will also revise the rules of origin for smoother trade between member states," Mr Munya said.

East Africa

Deputy President Ruto, Opposition Leader Odinga Trade Barbs

Once bosom friends who mounted a successful campaign in the 2007 presidential election, Deputy President William Ruto… Read more »

See What Everyone is Watching

Copyright © 2018 The Nation. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.