Kenya has taken a significant step toward bolstering intra-Community trade within the East African Community (EAC) by proposing the elimination of tariffs on eggs, potatoes, and onions.
During the recent budget meeting held in May, EAC finance ministers collaborated on various strategies to safeguard industries within the region, according to Kenya’s Finance Minister Njuguna Ndung’u, who made the announcement on Thursday.
Presenting the 2024/25 Budget speech before Parliament, Ndung’u advocated for the removal of the 25 percent tax imposed on these agricultural products in the preceding year.
This tax had previously strained trade relations between Kenya and its neighboring countries.
“To enhance trade within the East African region, I recommend the removal of these taxes on eggs, potatoes, and onions from partner countries of the East African Community, in line with EAC export regulations,” stated Ndung’u.
The proposal to eliminate these tariffs underscores Kenya’s commitment to fostering a conducive environment for trade and economic cooperation within the EAC.
Interestingly, the decision to remove these taxes could potentially be attributed to negotiations between Kenyan President William Ruto and his Ugandan counterpart, Yoweri Museveni.
Uganda has emerged as a significant exporter of eggs to Kenya, highlighting the importance of collaborative efforts in facilitating smoother trade relations between EAC member states.
By removing barriers such as tariffs on essential commodities like eggs, potatoes, and onions, Kenya aims to promote greater economic integration and trade synergy among EAC member countries.
This move is expected to not only spur economic growth but also enhance food security and affordability for consumers across the region.
As discussions continue and negotiations progress, Kenya remains committed to advancing initiatives that support regional trade and strengthen ties within the East African Community.
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