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Economy
By GERALD ANDAE
Kenyan authorities announced the end of the longstanding trade dispute with Tanzania following a bilateral meeting between the two states in Dar es Salaam.
The movement will see products made in Kenya, such as textiles
Kenyan Trade Minister Chris Kiptoo, has spoken with his Tanzanian counterpart, Elisante ole Gabriel, to resolve the stalemate
"The two partner countries called for effective implementation of agreements reached in bilateral meetings to facilitate the movement of goods and services," reads a joint statement.
Textile products from Kenya were denied preferential access to the Tanzanian market. Zones (ZFE) and are not subject to rights, therefore can not compete favorably with local products.
Tanzania also argued that the fact that Nairobi could allow EPZ companies to sell up to 20 percent of their products in the Kenyan market has prevented similar companies in Tanzania from To be competitive in the Kenyan market.
The meeting decided that the provisions of a legal notice of the East African Community (EAC) should be applied to allow the textile of Kenya to benefit from preferential treatment.
According to the statement, the heads of immigration on both sides will meet problems. He also asked the Kenya Revenue Authority and the Tanzania Revenue Authority to solve the problems of the electronic cargo tracking system for Tanzanian freight trucks
. Senior officials from Kenya and Tanzania will jointly visit Lunga Lunga, Isebania and Namanga.
Tanzania is Kenya's second largest market in the region after Uganda, offering an export market for a range of products including palm oil, soap, drugs, cooking fats, iron leaves, sweets and margarine
Kenya's exports to Tanzania fell by 34 percent in the first five months of the year, to 4.45 billion shillings, raising concerns about the negative effects of the long-standing economic stalemate.
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