The Tanzania Revenue Authority (TRA) has confirmed that from 1 July 2014 the Single Customs Territory (SCT) will be implemented in full for the region. The SCT is aimed at eradicating trade barriers in East Africa.
The SCT initiatives fall under the trilateral arrangement involving Tanzania, Burundi and Uganda for the central corridor and Kenya, Rwanda and Uganda for the northern corridor.Once implemented, it is expected to eradicate trade barriers by adopting a central model of clearance of goods, whereby taxes and assessments will be done only at the first point of entry. Therefore ensuring faster clearing of goods as well as reduction in the cost of doing business.
Source: AllAfrica
