Businesses seek capping of common external tariff by EAC

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Businesses are rooting for capping of the common external tariff at 32.5 percent by East African Community member states.
East African Business Council’s CEO Peter Mathuki says the new tariff would be presented during the forthcoming EAC member states summit slated for later this month for ratification.The meeting is also expected to deliberate on admission of the Democratic Republic of Congo and Ethiopia, who have expressed interest to join the trading bloc.

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