New law hurts Kenya's exports to EAC
25 July 2013, 11:41
Nairobi - Kenya's KES 114 billion regional export business is under threat as Ugandan and Tanzania increasingly continue to charge full duty on its imports.
Business Daily reports that the arbitrary protectionist measures are undermining the East African Common Market forcing the Kenya Association of Manufacturers to seek an urgent meeting with the Treasury and the Trade ministry.
The Kenya Association of Manufacturers (KAM) wants the new regulations ratified by the EAC suspended, as manufacturers using imported input can only export outside EAC or pay full duty as opposed to the rules of origin scheme (demanding at least 35 per cent value addition) where tax is paid on imported raw materials.
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