Sunday, May 22, 2022
FREIGHT LOGISTICS MAGAZINE
Nairobi Gate Industrial Park
  • Home
  • News
  • Trade
  • Regional
  • Intergration
  • Industry News
  • Business Listing
  • Publications
No Result
View All Result
  • Home
  • News
  • Trade
  • Regional
  • Intergration
  • Industry News
  • Business Listing
  • Publications
No Result
View All Result
FEAFFA
No Result
View All Result
Home Industry News

Tanzania joins continental free trade agreement

Other EAC Partner States that have ratified the agreement are Kenya, Rwanda and Uganda.

September 13, 2021
in Industry News, News
0 0
0
Tanzania joins continental free trade agreement

African Continental Free Trade Area Agreement (AfCFTA). Image Courtesy

Share on FacebookShare on Twitter

Tanzania has become the latest East African country to ratify the African Continental Free Trade Area Agreement (AfCFTA). Burundi ratified the AfCFTA on 17th June 2021 while Tanzania did this on 9th September 2021.

Fast Lane Freight Company Limited

Dr. Peter Mathuki, the EAC Secretary General has disclosed that the community has initiated a number of steps towards the implementation of the AfCFTA Agreement, adding that the ratification by Burundi and Tanzania would expedite the implementation of the agreement.

Other EAC Partner States that have ratified the agreement are Kenya, Rwanda and Uganda. The Republic of South Sudan has signed the AfCFTA but is yet to ratify it.

Dr. Mathuki said that the bloc had almost finalized the submission of its tariff offers, which conform to the agreed modalities in addition to the schedules of liberalization of trade in services.

“We have also prepared a draft strategy for the implementation of the Agreement, which takes into account the need for capacity building. It is presently under consideration by the Partner States,” said Dr. Mathuki.

“Further, we are also fully involved in negotiations on the outstanding areas such as Rules of Origin, Trade in services as well as the phase II issues on investment, competition, intellectual property rights and e-commerce,” he added.

The Secretary General said that it was the expectation of the EAC that the AfCFTA would result in, among other things, lowering of business costs, promote local content and provide a platform for settlement of disputes.

Dr. Mathuki said that EAC would leverage on its existing trade environment to reap maximum benefit from the AfCFTA, namely the: regional customs and trade instruments; interconnectivity of systems including customs and other border clearance agencies; One Stop Border Posts; national Trade Information Portals; simplified trade regimes; trade exhibitions and symposia, and expansion of the EAC especially the anticipated admission of DRC into the Community.

The Secretary General said that the EAC was currently operationalizing a framework for trade development through the digitalization of markets, information dissemination, and showcasing the region’s products and market opportunities.

For any feedback, contacts us viaeditorial@feaffa.com/freightlogistics@feaffa.com/info@feaffa.com; Mobile: +254703971679 / +254733780240
Previous Post

Marine insurance to drop as Indian Ocean declassified from high-risk list

Next Post

Flexibility keeps Astral Aviation ahead as it seeks continental lead

Next Post
Flexibility keeps Astral Aviation ahead as it seeks continental lead.

Flexibility keeps Astral Aviation ahead as it seeks continental lead

Official launch of the iScreen Platform by KENTRADE

Recent Posts

  • KRA roles out facilitative AEOs programme
  • Reprieve for Uganda’s logistics sector as Tanzania lowers road user fees for cargo trucks.
  • The tracking system registers over 110,000 truck drivers.
  • The crucial role of private sector to realize LAPSSET project
  • Stage set for DRC admission to EAC Bloc

Videos

Advertise With Us

Contact editorial@feaffa.com/ info@feaffa.com or Simply Call 0703 971 679
FREIGHT LOGISTICS MAGAZINE

Freight Logistics Magazine is FEAFFA's quarterly publication that provides readers with information on the key industry trends and issues in East Africa.

All images and videos displayed on this website are subject to the owner's copyright and subject to the applicable laws in countries within EAC

KRA roles out facilitative AEOs programme

Reprieve for Uganda’s logistics sector as Tanzania lowers road user fees for cargo trucks.

The tracking system registers over 110,000 truck drivers.

  • Home
  • Logistics Service Providers
  • Privacy Policy
  • Advertise with Us
  • Contact us

Contact Information

info@feaffa.com
+254 (0)738 150 673
+254 (0)738 165 318
HillCrest Court, Waiyaki Way, Slip Road, Westlands

  • Home
  • Logistics Service Providers
  • Privacy Policy
  • Advertise with Us
  • Contact us

© 2021 FREIGHT LOGISTICS. All rights reserved by FEAFFA.

No Result
View All Result

© 2021 FREIGHT LOGISTICS. All rights reserved by FEAFFA.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In