Reduces the cost of doing business by eliminating duplication of processes;
- Reduces administrative costs and regulatory requirements;
- Facilitates the free movement of goods, labour, services and capital as envisaged under the Common market;
- Promotes foreign, domestic and cross border investment;
- Enhances trade in locally produced goods particularly agricultural goods from areas of surplus to areas of deficit;
- Enhances the relationship between the private and public sectors;
- Creates a mechanism for prevention of smuggling at a regional level;
- Reduces the risks associated with non-compliance on the transit of goods;
- Creates an efficient mechanism of revenue management;
The SCT commenced on 1st January 2014 as a pilot on the Northern Corridor. The pilot on the Central Corridor commenced in April 2014 and roll- out for the whole of the EAC was planned to start on 1st July 2014 |
Reduces the cost of doing business by eliminating duplication of processes; § Reduces administrative costs and regulatory requirements; § Facilitates the free movement of goods, labour, services and capital as envisaged under the Common market; § Promotes foreign, domestic and cross border investment; § Enhances trade in locally produced goods particularly agricultural goods from areas of surplus to areas of deficit; § Enhances the relationship between the private and public sectors; § Creates a mechanism for prevention of smuggling at a regional level; § Reduces the risks associated with non-compliance on the transit of goods; Creates an efficient mechanism of revenue management; |