EAC agrees to 35pc duty on imported finished products under revised CET

East African Community (EAC) Secretariat has settled on a 35 percent duty on imported finished products as part of a regional tax reform programme seeking to bolster intra-regional trade, industrial production, tax revenue and employment creation in the six-member bloc.

This is after an in-depth analysis by the Secretariat showed that the region will achieve the greatest economic benefits if the maximum Common External Tariff (CET) on imported finished products is set at a rate of 35 percent instead of 30 or 33 percent.