Effective July 1 this year, the East African Community (EAC) officially implemented the fourth tier 35% Common External Tariff (CET), which includes:
Dairy products, meat products, cereals, edible oils, beverages and alcohol, sugar and confectionery, fruits, nuts, coffee, tea, flowers, condiments, furniture, leather products, cotton textiles, clothing, steel products and ceramic products, etc.
To explain, the East African Community consists of seven East African countries: Kenya, Uganda, Tanzania, Burundi, Rwanda, South Sudan and the Democratic Republic of Congo.
Currently, the COMMON External Tariff (CET) rates are divided into three tiers: 25 percent for terminal consumer goods, 10 percent for intermediate goods, and 0 percent for raw materials and capital goods. The idea was to protect local manufacturing from cheap imports.
Peter Mathuki, current SECRETARY General of THE Eastern Community, called the implementation of the 35% common external Tariff a positive step towards promoting the industrial sector and maximizing the benefits of the African Continental Free Trade Area (AfCFTA), This will stimulate intraregional trade by encouraging the development of local manufacturing and increasing the value added and industrialization of products.
According to local media, the increase of the top common external tariff rate from 25 percent to 35 percent will increase intra-regional trade revenue by 18.9 million US dollars, increase employment rate by 0.03 percent and increase trade revenue of member states by 5.5 percent.
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What needs to be specially reminded here is that Kenya and Uganda have always been the areas with high incidence of commercial fraud in Africa. After tariff adjustment, import cost will increase. Please pay attention to the risk prevention of exporting to relevant areas!