Meat, alcohol imports to cost more after EAC tariff increase
Meat and dairy products, and alcoholic beverages, among others, imported to EAC will cost more after a 35 percent tariff increase from July 1, 2022. FILE PHOTO | NMG
What you need to know:
On Thursday, in a meeting in Mombasa, six EAC partner States reached a consensus that the 35 percent tax will be levied effective July 1, 2022.
This means Burundi, Kenya, Rwanda, South Sudan, Uganda and Tanzania will slap importers with higher tariffs on the affected goods.
The levy to be imposed on imported finished products from non-member states is expected to stimulate local production and industrialisation