The Underlying Principles of the CET
- The CET was developed based on the following principles:
- Need to protect local industry
- To encourage investment
- Support of agricultural policy
- Support of industrial policy
- Support health policy.
- Support of education policy
- Reduction of cost of production
- Increase of competitiveness in the region.
- Simplified trade regime – 3 band structure.
Student Learning Activities
- The systematic coding of the Harmonised System makes it easier to classify goods in international trade. It is therefore important to identify parts of the structure of the EAC Common External Tariff.
Required:
- Explain the structure of the EAC Common External Tariff
- Explain the role its structure on the classification of goods.
- Explain the meaning of the three tariff bands and SI
Assignment
From the above information answer the following questions:
- What is the purpose and functions of the EAC Tariff Book?
- Discuss the legal framework underpinning the EAC CET
- Discuss the structure of the EAC CET