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Rwanda to pay tax of exporters affected by AGOA suspension
18 Jun '18
1 min read
Rwanda will take over the tax obligations of its apparel exporters to ensure they are not adversely affected by the anticipated suspension of duty-free access to the US market under the African Growth Opportunity Act (AGOA). The US Government had announced in March its intention to suspend duty-free treatment to all AGOA-eligible apparel items for Rwanda.
The Rwandan Government is putting up an adjustment facility to pay taxes imposed on the exporters for the next one year. This would allow firms work on accessing new markets as well as meet existing contractual obligations to the US market, Rwanda Development Board CEO Clare Akamanzi told in an exclusive interview to a leading Rwandan daily.
The suspension is a result of implementation by Rwanda of an East African Community decision to phase out second-hand clothes imports to help boost the region’s textile industry.
The aim is to identify alternative markets in Europe, Asia and the African continent that can allow duty free access, Akamanzi said. (DS)
Fibre2Fashion News Desk – India
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