NTBs account for a significant proportion of the high transportation costs in the EAC which are estimated to limit intra-regional trade by approximately 15% [World Bank] and constitute significant limitations to foreign direct investment. The existing NTBs have also created a mechanism which funds government institutions and a culture which also includes the possibility of corruption. In Tanzania, foreign-registered cargo trucks are required to pay US$ 500 to the Tanzania Revenue Authority (TRA) on each entry, in addition to annual fees of $600. This makes eliminating NTBs one of the highest priorities for the EAC Secretariat and member states.
Elimination of NTBs. Key outputs include;
Efficient implementation of national and regional NTB mechanisms
TMEA will support TCCIA to develop SMS reporting mechanism for NTBs as well as development of online certificate of origin which will reduce the cost of doing business due to the time wasted in the physical movement, waiting time at the chamber offices for the certificates to be processed. It will also be through advocating and dialogue through the National Monitoring Committee.
Elibariki Shammy, Email: email@example.com
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Elimination of Non-Tariff Barriers (NTBs) which will contribute to reduction in transport costs along key corridors in East Africa