New measures to protect local industries and farmers from cheap imports will be known in June once the East African Community partner states agree on taxation rates.
The region’s finance ministers will meet next month meet to agree on a new Common External Tariff (CET) on products like sugar, maize, wheat and rice, as well as customs-related taxation measures designed to protect local industries from cheap imports and unfair competition.
Kenya’s Cabinet Secretary for the National Treasury Henry Rotich said taxation measures that will be agreed on by the EAC ministers for finance will be communicated through the EAC Gazette Notice and implemented from July 1. Read more. Source | East African