EUROPEAN DEAL WITH EAST AFRICAN COMMUNITY SET TO INCREASE AUTO TRADE
November 1st, 2014
AUTOMOTIVE dealers in east Africa have welcomed a comprehensive trade deal, finalised earlier this month (Thursday Oct 16), between the European Union (EU) and the East African Community (EAC) as demand in EAC countries grows for European vehicles.The deal is designed to boost trade, including automobiles and parts, between the two regions. Tariffs on EU exports to markets in Burundi, Kenya, Rwanda, Tanzania, and Uganda will be phased out under the agreement, which aims to see 80% of EU-made goods sold annually to the region duty free within 15 years. “East ...
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