Sharp Daily
No Result
View All Result
Wednesday, June 25, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

EAC launches pioneering app to revolutionize reporting and resolution of trading barriers

Kevin Cheruiyot by Kevin Cheruiyot
December 13, 2023
in News
Reading Time: 2 mins read

The East African Community (EAC) has marked a significant advancement in its efforts to eliminate Non-Tariff Barriers (NTBs) with the introduction of the EAC NTBs App. This pioneering application seeks to revolutionize the trading landscape of the region by simplifying the reporting, monitoring, and resolution of challenges faced by cross-border traders.

The EAC NTBs App seamlessly integrates SMS, email, and phone reporting methods, providing economic operators with a comprehensive solution for effectively reporting NTBs. By streamlining the NTB reporting process, the app is positioned to assist traders and producers in overcoming obstacles that impede trade efficiency and competitiveness. It ensures transparency and expedites issue resolution by engaging technical and policy-level mechanisms, including National Focal Points, the National Monitoring Committees (NMCs), and the Regional Monitoring Committee (RMC).

Non-Tariff Barriers have long posed a significant challenge for traders and producers, impacting profits and limiting market access. These barriers encompass issues such as discriminatory requirements for special licenses and permits, complex customs procedures, and bureaucratic delays at borders.

According to a recent report from the EAC Regional Meeting Committee (RMC) in 2023, NTBs incur direct costs of USD 16.7 million, with a total trade impact of USD 94.9 million resulting in an average trade reduction of 58.0%. Nevertheless, the EAC has made substantial progress in addressing NTBs, with a resolution rate of 89.5% since 2017, as reported in the EAC Time Bound Programme report of 2023.

RELATEDPOSTS

Kenya’s tech startups, fueling a new era of digital wealth

June 16, 2025

EAC states aim to join Kenya-UK trade agreement

September 14, 2024

The data reveals a consistent decrease in reported NTBs over the years, with an annual range of 8 to 11 cases between 2021 and 2023. Importantly, the resolution time has improved significantly, averaging 88.3 days for NTBs reported during this period.

Between June 2022 and June 2023, the EAC received a total of 16 NTB complaints, of which 9 have been resolved, and 7 are still in progress. While a substantial portion (56.3%) of complaints were addressed within the stipulated timeframe, 43.6% were still pending resolution by the end of June 2023.

The EAC NTBs App facilitates reporting in English, Swahili, and French, offering users a user-friendly experience. It is available for download on the Apple Store, Google’s Play Store, and various Android devices. During the app’s launch, EAC Deputy Secretary General Annette Ssemuwemba, responsible for Customs, Trade, and Monetary Affairs, emphasized its significance in creating a seamless trading environment across the EAC region. She expressed optimism, stating, “This innovative solution serves as a powerful tool to empower traders, producers, and economic operators, offering them a unified platform to promptly address and resolve NTBs. It is our hope that this will be the turning point in effectively identifying and swiftly resolving NTBs in the region.”

Previous Post

Shelter Afrique and Islamic Development Bank Institute join forces to advance Islamic Housing Finance in Africa

Next Post

World Bank sets deadline for Tanzania to address rights abuse claims in $150M project

Kevin Cheruiyot

Kevin Cheruiyot

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

How Kenya can compete with global employment markets

June 24, 2025

Why Athi River deserves your investment

June 24, 2025

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025

Understanding Joint Ventures: A strategic tool in modern business

June 23, 2025

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024