The East African Community issued a statement announcing that it has officially adopted the fourth tranche of the common external tariff and decided to set the common external tariff rate at 35%. According to the statement, the new regulations will come into effect on July 1, 2022. After the new regulations take effect, furniture, ceramic products, paints, leather products, textiles, cotton, steel and other products will be subject to a unified import tariff of up to 35%. Previously, the EAC common external tariff rate structure was divided into three grades. The import tariffs for raw materials, means of production and finished products were 0%, 10% and 25% in turn.
The members of the East African Community include: Kenya, Uganda, Tanzania, Burundi, Rwanda, South Sudan and the Democratic Republic of Congo, seven East African countries. The specific commodities planned to be included include: dairy products, meat products, grains, edible oils, beverages and alcohol, Sugar and confectionery, fruit, nuts, coffee, tea, flowers, condiments, furniture, leather goods, cotton textiles, clothing, steel products and ceramic products, etc.
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Post time: Jul-14-2022