Presidents Ruto, Suluhu agree to eliminate trade barriers between Kenya and Tanzania
Presidents William Ruto and Samia Suluhu Hassan have reached an agreement on a working formula to eliminate trade barriers between Kenya and Tanzania.
According to President Ruto, a borderless East African Community (EAC) will allow free movement of products and services among member nations, opening up a plethora of business opportunities for the people.
“We reaffirm our commitment to further strengthen existing bonds of friendship and mutually beneficial relations on common interest areas such as trade, investments, infrastructure, security and movement of people,” Ruto said.
The two heads of state agreed that the relevant ministers will meet to remove existing trade barriers between the two countries before the end of the year.
President Ruto expressed satisfaction that 56 trade barriers between Kenya and Tanzania had been removed, and expressed confidence that the remaining 14 will be removed soon.
“Once Kenya’s Cabinet Secretaries are approved by Parliament, those concerned with EAC matters will meet their Tanzania counterparts to work on the modalities of resolving the outstanding trade barriers to pave way for improved business activities,” said President Ruto.
Suluhu assured Kenya that the two countries will continue to maintain existing cooperation in all sectors.
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