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Kenya exports to Tanzania hit ten-year low - 1 Jan 2018 16:20

By: Constant Munda

Kenya’s exports to Tanzania in the 10 months to October have plunged to a 10-year low amid unresolved trade spats between Nairobi and Dar es Salaam, hurting local manufacturers and traders. Exports to Tanzania in the period to October stood at Sh23.38 billion, down from Sh28.86 billion in the same period a year earlier — reflecting a 18.9 per cent drop. This is the lowest exports since 2007 and suggests that trade between Kenya and Tanzania has not been lifted by the 2010 formation the East African Community (EAC), which was expected to boost commerce between the six-member countries. The coming into force of the EAC Common Market Protocol on July 1, 2010 saw export volumes to Tanzania rise to a record Sh38.23 billion in the 10-month review period in 2012. The pact allows for free movement of goods, people, labour, services and capital from each of the six partner states, ...
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