Economy

Central Kenya regional economic bloc eases trade barriers

Governors from the Central Kenya Region Economic Blok have agreed to eliminate trade tariffs for a range of products.

The governors of Laikipia, Nyeri, Nakuru and Kiambu counties have waived fees on agricultural produce, mining and manufactured goods produced and sold in any of the three counties on a reciprocal basis.

According to the governors, the easing of trade barriers will spur economic growth in the region.

The specific tariffs include distribution fees for manufactured goods, transit and market fees for mining and agricultural goods.

For actualization, Laikipia County will host a two-day workshop on Thursday and Friday this week.

The forum will offer a chance to learn from the experts the best practices in application of reciprocal taxation concessions.

It will also generate a schedule of tariff and non-tariff costs imposed on manufacture goods, agriculture produce and mining that will be waived.

Further, the summit will develop the criteria for qualifying and certifying the businesses to benefit from the tariff waivers.

Monitor Your Business Transaction

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

Related Articles

Back to top button