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EAC bloc inches closer to finalising AfCFTA Tariff Offers

East African Community Headquarters, Arusha, Tanzania, 16th November, 2021: The East African Community is making strides in conforming to trading requirements under the African Continental Free Trade Area (AfCFTA), with plans underway to finalize the EAC Tariff Offer. 

The EAC Sectoral Council on Trade, Industry, Finance and Investment (SCTIFI) has directed the EAC Secretariat to convene meetings with experts, by 15th December 2021, to finalize the EAC Tariff Offer. 

The EAC Tariff Offer currently stands at 85.86% against the AfCFTA modalities of 90%.

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Kenya’s Cabinet Secretary for Trade and Industrialization, Ms. Betty Maina, with EAC Secretary General Hon. (Dr.) Peter Mathuki before the opening of the Ministerial Session of the 39th Meeting of the Sectoral Council of Ministers of Trade, Industry, Finance and Investment at the EAC Headquarters, in Arusha, Tanzania.

Expedite comprehensive review of EAC Common External Tariff, Partner States urged

East African Community Headquarters, Arusha, Tanzania, 12th November, 2021: East African Community Partner States have been called upon to expedite the comprehensive review of the EAC Common External Tariff (CET) in order to promote trade and industrialization in the region.

Kenya’s Cabinet Secretary for Trade and Industrialization, Ms. Betty Maina, said that the failure to conclude the review of the CET, which started in 2016, was providing leeway to products from other parts of the world to flood the EAC Common Market at the region’s expense. 

Ms. Maina said that conclusion of the EAC CET would enable the region to trade more with itself in addition to promoting the growth of domestic industries in East Africa.

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Meeting of the Sectoral Council on Trade, Industry, Finance and Investment underway

East African Community Headquarters, Arusha, Tanzania, 8th November, 2021: A five-day meeting of the Sectoral Council on Trade, Industry, Finance and Investment (SCTIFI) is currently underway via hybrid (physical and virtual) means.  

The SCTIFI meeting kicked-off with the Session of Senior Officials that is expected to conclude on Wednesday, 10th November, 2021. Among the items on the agenda of the SCTIFI are the: Status of Implementation of the Previous Decisions of SCTIFI; Report of the Sectoral Committee on Customs; Report of the Sectoral Committee of Trade; and; Report on Competition Matters. 

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21st EAC Micro, Small and Medium Enterprises (MSMEs) Trade Fair set for Mwanza, United Republic of Tanzania

East African Community Headquarters, Arusha, 2nd November, 2021: Preparations for the 21st Edition of the East African Community Micro, Small and Medium Enterprises (MSMEs) Trade Fair popularly known as the Jua Kali/Nguvu Kazi Exhibition, are in high gear.

The 21st edition of the annual EAC Jua Kali/Nguvu Kazi Exhibition, which will be held under the theme “Promoting Quality and Innovation to enhance EAC MSMEs Competitiveness and post COVID -19 Recovery’, is expected to attract over 1,500 artisans from the six EAC Partner States, namely the Republics of Burundi, Kenya, Rwanda, South Sudan, Uganda and the host country United Republic of Tanzania.

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Africa-Turkey Economic and Business Forum key for trade and investment opportunities in Africa

… over 2,000 participants from both public and private sector officials expected to attend

East African Community, Istanbul, Turkey 20th October, 2021: The upcoming 3rd Africa-Turkey Economic and Business Forum that will be held in Istanbul, Turkey from 21st to 22nd October, 2021 will increase the flow of investment and business opportunities between Turkey and Africa.

Speaking ahead of the forum in Istanbul, the EAC Director General-Customs and Trade, Mr. Kenneth Bagamuhunda, said that more than 2,000 from public and private sector players are expected to attend the forum, which is aimed at promoting and increase trade and investment between Africa and Turkey.

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EAC Secretary General urges AfCFTA Secretariat to adapt a private sector-led and people-centered approach to boost intra-African trade

East African Community Headquarters, Arusha, Tanzania, 21st September, 2021: The East African Community (EAC) Secretary General, Hon. (Dr.) Peter Mathuki, urged the African Continental Free Trade Area (AfCFTA) Secretariat to adapt an integration approach that is people-centred, market-driven and private sector-led, to ensure African citizens benefit from the continental agreement. 

Speaking in Accra, Ghana, during the 1st coordination meeting of Heads of Regional Economic Communities (RECs) on the implementation of the AfCFTA, Dr.Mathuki noted, AfCFTA, with a promising market of around 1.3 billion consumers and a GDP of 3.4 trillion US dollars, promises to unlock many opportunities beneficial to African's citizens. 

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EAC hails Republic of Burundi and United Republic of Tanzania for retifying African Continental Free Trade Area Agreement

East African Community Headquarters, Arusha, Tanzania, 11th September, 2021: EAC Secretary General Hon. (Dr.) Peter Mathuki has hailed the Republic of Burundi and the United Republic of Tanzania for ratifying the African Continental Free Trade Area Agreement (AfCFTA). 

Burundi ratified the AfCFTA on 17th June, 2021 while Tanzania on 9th September, 2021. 

Hon. Mathuki said that the AfCFTA would allow East Africans to access a large continental market and increase EAC’s exports to African countries outside the bloc.  

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EAC workshop on enhancing participation of women in African Continental Free Trade Area opened on Monday

East African Community Headquarters, Arusha, Tanzania, 30th August, 2021: A two-day East African Community (EAC) workshop aimed at enhancing the participation of women in the African Continental Free Trade Area (AfCFTA) opened on Monday. 

Speaking during the opening session of the workshop, the EAC Deputy Secretary General in charge of the Productive and Social Sectors, Hon. Christophe Bazivamo, said that traders in Africa especially women, youth and SMEs face significant challenges when attempting to benefit from multilateral and regional trade agreements as many trade agreements do not include their specific needs and concerns. 

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(From right) Hon. Capitoline Niyonizigiye; Minister for Trade, Transport, Industry and Tourism in Burundi; Hon. Domitien Ndihokubwayo, Minister for Finance and Economic Planning; Mr. Mateusz Prorok, Project Manager of European Union Delegation in Burundi; Pacifique Munyeshongore, Commissioner General of Office Burundais des Recettes, and; Mr. Munyampundu Evariste, regional Coordinator of the Trade Information Portal Project and Trade Facilitation Officer at EAC Secretariat.

Burundi launches her own Trade Information Portal

East African Community Headquarters, Arusha, Tanzania, 28th July, 2021: The Republic of Burundi has launched her own Trade Information Portal which is meant to map out all her imports, exports and transit procedures, fees and time. The next step after mapping will be to simplify and remove unnecessary and redundant bottlenecks. 

Trade Information Portals (TIPS) have already been launched and operationalised by Kenya, Rwanda, Tanzania and Uganda.  

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Boost for intra-EAC trade as Tanzania launches her Trade Information Portal

East African Community Headquarters, Arusha, Tanzania, 9th July, 2021: The United Republic of Tanzania has launched its Trade information Portal which is expected to boost intra-regional trade in East Africa as well as the region’s share of international trade. 

The Tanzania Trade Information Portal was launched during the Saba Saba International Trade Fair held in the East African nation’s commercial capital, Dar es Salaam, by Zanzibar’s Minister for Trade and Industry Development, Hon. Said Omar Shabani, assisted by Hon. Exaud Silaoneka Kigahe (MP), the Tanzania’s Deputy Minister for Industry and Trade. 

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East African Community
EAC Close
Afrika Mashariki Road
P.O. Box 1096
Arusha
United Republic of Tanzania

Tel: +255 (0)27 216 2100
Fax: +255 (0)27 216 2190
Email: eac@eachq.org  |  sgoffice@eachq.org