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Tag Archives: trade

COMMENT: Tariffs and Intra-Africa trade

  Significant reduction or elimination of tariffs would boost intra-Africa trade to more than 50% COMMENT | Damali Ssali |  There are several factors that influence the value and volume of trade. However, tariffs on tradeable goods and services are one of the most significant. International trade grew dramatically in the …

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Benin counts the cost after Nigeria shutters border

Cotonou, Benin | AFP |  Dozens of baskets brimming with newly-picked tomatoes gently rot in the sticky heat, becoming the latest casualty in a bout of trade tension between Benin and Nigeria. On August 19, President Muhammadu Buhari unexpectedly closed Nigeria’s borders to goods trade with Benin and Niger, declaring the …

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China plans new tariffs on $75 bn of US imports

Beijing, China | AFP | China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington’s planned duty hikes, further intensifying the bruising trade war between the world’s top two economies. The punitive tariffs of 5 to …

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Govt rejects proposal to export Sugarcane to Kenya

  Kampala, Uganda | THE INDEPENDENT | Government is opposed to the proposal to export unprocessed raw materials such as sugar cane. The Trade, Industry and Cooperatives Minister Amelia Kyambadde stated this while presenting a statement to parliament on the issue of excess sugar cane in Busoga sub-region. Kyambadde told …

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