中文 FRANÇAIS Beijing Review
The Latest Headlines
East Africa Cuts Non-tariff Barriers to Increase Trade
 

East African countries have managed to reduce trading times and costs through elimination of non-tariff barriers (NTBs), advancing trade and prosperity, a regional trade development lobby said on Wednesday.

"A reduction of NTBs will invariably lead to more trade in the region, which is ultimately our goal, of growing prosperity through trade," said Matsaert, CEO of TradeMark East Africa, a donor-funded organization formed to help regional states speed up integration.

"This is a significant milestone in the growth and development of our region. Non-Tariff Barriers remain a stumbling block in growing prosperity in the EAC region," he said during the launch of an evaluation report in Nairobi..

The report comes at a time when elimination of NTBs remains a teething challenge not only to regional trade and integration but also a subject that partner states grapple with in the quest of growing trade within the EAC bloc.

Analysts say barriers like customs documentation requirements, varying systems of customs formalities and non-harmonised standards requirements among others continue to impede trade within the region.

They also say that if NTBs were removed on maize, for example, Uganda would benefit significantly in terms of increased production and trade compared to Kenya and Tanzania.

The time taken to export from Uganda has successfully reduced from nearly 35 days in 2010 to under 30 days in 2015.

Other areas that have witnessed great progress include Tanzania which has witnessed a 99 per cent reduction in application time from 5 days to only one hour due to implementation of an electronic certificate of origin.  

(Xinhua News Agency April 20, 2016) 

Related Stories:
East Africa Urged to Strengthen Law for Mining Industry
About 20 mln People in East Africa Requires Food Aid: UN
Chinese Construction Firms are Darlings of East Africa
Trade Fair Boosts Service Sector
Abiding by the Rules
Media Links: China.org.cn   |   China Today   |   China Pictorial   |   People’s Daily   |   Xinhua   |   China Daily   |   CCTV   |   China Investor   |   AllAfrica
African Union   |   News From Africa   |   FOCAC   |   New African   |   African Business   |   The Africa Report   |   China-Africa Cooperation Net
About Us   |   Contact Us   |   Advertising   |   Subscribe   |    Make ChinAfrica Your Homepage
Copyright ChinAfrica All right reserved 京ICP备08005356号
SHARE
Facebook
Twitter
Weibo