Region to adopt new tax rules to protect it from cheap imports
A wheat farmer. The new CET will also apply to products such as sugar, maize, wheat and rice. PHOTO|FILE
New measures to protect local industries and farmers from cheap imports will be known in June once the East African Community partner states agree on taxation rates.
The region’s finance ministers will meet next month meet to agree on a new Common External Tariff (CET) on products like sugar, maize, wheat and rice, as well as customs-related taxation measures designed to protect local industries from cheap imports and unfair competition.
