Home / Knowledge / News / Rwanda joins EAC Customs Union
Rwanda joins EAC Customs Union
Jul '09
Rwanda has joined formally the East African Community (EAC) Customs Union with the Kigali officials, saying that in order to compete with the economic giants of the region favorably; some preventive measures have already been set up in the country.

As the goods from member states are now duty-free, the union will offer lower prices. EAC also planned to enhance the economic cooperation between the new as well as the other members of EAC such as Kenya, Tanzania, Uganda and Burundi.

The intra-EAC trade has witnessed a growth of about 40 percent from 2004. Merger of Rwanda with Burundi enlarges the market size with the population of 120 million people and the combined GDP of around $60 billion.

The large economic region carries certain meaning, only if it is an integrated market with production, investment and trade linkage, said the Director General Customs and Trade EAC, Mr. Peter Kiguta.

The country has commenced implementing a three-band common external tariff (CET) structure. In this structure the raw materials and the capital goods are zero-rated while the intermediate goods attract 10 percent and finished goods draw 25 percent tax.

The CET structure is framed to promote industrialization in the region by reducing the production cost and by cushioning local manufacturers against cheaper imports and counterfeits.

In this regard the Prime Minister, Mr. Bernard Makuza said that expansion of the customs union is an achievement which will make Rwandans take pride on the country's integration efforts.

PM further added that it is contradictory to the belief that the customs union would affect the economies of the partner states in negative sense in terms of revenue erosion and competitiveness.

Rwanda will cater the necessary support and environment to the community, in order to flourish their business and to boost the economy, he added.

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search