{{Rwanda and Tanzania have signed an agreement to boost cross border trade by eliminating trade barriers. <\/p>\n
The deal was signed on October 17 in Kigali by Rwanda’s trade and Industry minister Fran\u00e7ois Kanimba and the deputy minister for Industry and Trade in Tanzania, Gregory Teu.}}<\/p>\n
The agreement marked the climax of a bilateral meeting on elimination of non-tariff barriers (NTB\u2019s) and the promotion of cross-border trade between the two countries.<\/p>\n
Mr Kanimba observed that Rwanda and Tanzania were important trading partners with a firm commitment to increasing trade and cooperation. <\/p>\n
\u201cI hope with these relations, Rwanda and Tanzania will cooperate to further increase small trader cross-border business,\u201d he said.<\/p>\n
Kanimba added that the agreement will further help the two countries remove barriers to trade and create a favourable business environment to facilitate trade.<\/p>\n
\u201cIt is important to eliminate all reported trade barriers and refrain from introducing new ones in order to cut the high cost of doing business and take advantage of all the benefits of regional integration,\u201d he said. <\/p>\n
According to statistics, Tanzania was Rwanda\u2019s seventh largest trading partner in 2011, accounting for four per cent of Rwanda\u2019s international trade and 17 per cent of regional trade.<\/p>\n
Teu said \u201cWe expect from this bilateral relations, our citizens from the two countries to trade among themselves easily,\u201d he said, adding that the elimination of non-tariff barriers will reduce the costs of doing business between the two countries. <\/p>\n
The Executive Secretary of Rwanda Long Distance Truckers Association, Theodore Murenzi, said: \u201cI am happy that the two countries have agreed to eliminate NTBs which have been affecting us, especially because we lose money and time along the corridor which impacts on our businesses.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Rwanda and Tanzania have signed an agreement to boost cross border trade by eliminating trade barriers. The deal was signed on October 17 in Kigali by Rwanda’s trade and Industry minister Fran\u00e7ois Kanimba and the deputy minister for Industry and Trade in Tanzania, Gregory Teu.}} The agreement marked the climax of a bilateral meeting on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[99],"byline":[170],"hashtag":[],"class_list":["post-3631","post","type-post","status-publish","format-standard","hentry","category-business","tag-greatlakesnews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/3631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=3631"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/3631\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=3631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=3631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=3631"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=3631"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=3631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}