The East African Community has formed a 25-member taskforce to revise the region’s Common External Tariff (CET) and fine-tune the existing rules of origin to boost intra-regional trade and attract new investments to the bloc.
The taskforce comprises four experts on tariffs, fiscal policy, trade and statistics from each of the five member countries — Kenya, Uganda, Tanzania, Rwanda and Burundi — plus one representatives from the private sector, notably associations of manufacturers or chambers of commerce from each of the member states.
The timelines for the completion of the exercise have also been revised from July to September 2017. Read more. Source | East African