• About Us
  • Contact
Friday, March 31, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Markets

Private sector roots for harmonization of EA standards to boost intra-EAC trade

by Editor
07/09/2022
in Markets
0
Private sector roots for harmonization of EA standards to boost intra-EAC trade
Share on FacebookShare on Twitter

East African Private Sector have urged Governments to for fast-tracked harmonisation of East African Standards during the EABC-TMEA Regional Public Private Engagement on Standards held in Dar es Salaam, Tanzania.

Evidence shows harmonization of standards has increased in intra-trade by 10%, reduced inspection & clearance costs at the border from USD. 500 to USD. 400 and clearance days from 10 days to 0.5 days.

Members of the East African private sector pose for a group photo during the EABC-TMEA Regional Public Private Engagement on Standards held in Dar es Salaam. Photo / EABC

Harmonisation of standards significantly contributes to growth of intra-regional trade, competitiveness, protection of consumers& environment and overall trade facilitation.

To date a total of 624 indigenous standards have been adopted by EAC Partner States and a total of 1880 standards have been earmarked for harmonisation at the EAC level.

Other notable reforms include: the establishment of the Regional Standards Plan (RSP) and an Online catalogue of harmonised standards has been developed since 2021.

The National Standards Bureaus in EAC Partner States are at different levels of harmonisation of standards ranging from 65% to 90%. More specifically Burundi and South Sudan have significant administrative and capacity challenges hence have note adoption of harmonised East African Standards.

John Bosco Kalisa, EABC CEO urged EAC Partner States to Fast-tracking adoption of the Standardisation, Accreditation and Conformity Assessment (SACA) Bill, facilitating frequent peer reviews, creating awareness and on East African Standards and involve private sector in development of the standards

Manufacturers have further call for a demand driven and low cost approach towards standards development in EAC. The Public Private Dialogue also explored on global perspective on the use of artificial sweeteners / Nutritive and Non-Nutritive sugar in manufacture of carbonated soft drinks, juices, confectioners and dairy products (yogurt) and their interlinkages to competitiveness and innovation.

The Regional Public Private Engagement on Standards is organized under the EABC-TMEA Public Private Dialogue Project for Increased Trade & Investments in the EAC, funded by The Netherlands.

Other Key issues raised include: reduction of the multiple inspections at the border, high standardization and compliance cost especially for MSMEs and revival of the East African Business Council Standards Platform to building common positions, identify constraints, priorities and enhance capacity on standards among private sector stakeholders.

The EABC-TMEA Regional Public Private Engagement on Standards convened Officials from EAC Secretariat, National Bureau of Standards, Manufacurers Associations, Association of Burundi Industries (AIB), Tanzania Women Chamber of Commerce (TWCC), Eastern African Sub-Regional Support Initiative for the Advancement of Women (EASSI), Kenya Private Sector Alliance  (KEPSA), South Sudan Chambers of Commerce Industries & Agriculture, Private Sector Foundation Uganda (PSFU), Kenya Association of Manufacturers (KAM), CocaCola, and Watercom (T) Ltd.

Editor

Editor

Next Post
Relief as petrol prices drop for the first time in six months

Relief as petrol prices drop for the first time in six months

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Fri, 31 Mar.

Recommended

$20 smartphone could spark Africa’s mobile boom, experts say

$20 smartphone could spark Africa’s mobile boom, experts say

10 months ago
Qatar Airways, Etihad, Emirates among world’s 20 best airlines for 2022

Qatar Airways, Etihad, Emirates among world’s 20 best airlines for 2022

9 months ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili