Kenya imports oil, broadcast equipment and plastic while exporting tea, cut flowers, fruit, and sheep and goat meat. But the relationship between the two countries has been marked by a huge trade imbalance in favour of the UAE. Kenya has since 2017 been exploring a preferential trade deal w...
The import-export ratio is the ratio of the value of exported goods and services vis-à-vis the value of imported goods and services of a country. The difference between the value of exports and imports is referred to as the balance of trade. Globally, countries ...
Import Tax and Duties:Import tax, also known as customs duties or tariffs, can be complex when shipping to the Netherlands. As a member of the European Union (EU), the Netherlands follows EU trade policies, which generally involve low or no tariffs for goods originating from other EU...
When selling online to the European Union (EU), for example, you can either opt to use DHL’s Duty Tax Paid (DTP) Billing Service, where DHL pays Import Customs VAT to authorities upon import and then charges back to you, or you can register with the European Union’s Import One Stop...
Payroll software Kenya - Cost-effective, Simple, Full-featured Payroll & HR software and Time Attendance systems. Online PAYE calculator.
High demand for maize by China will pile more pressure on the price of the produce that is already high curtailing millers' and traders’ ability to import the grain. The Asian giant is cutting overreliance on the US as geopolitical conflict and growing tension between the two ...
Nairobi signed an MoU with Beijing to set up a joint working group to flatten trade barriers on the sidelines of the annual China International Import Exposition in November 2018. Kenya then embarked on a diplomatic charm offensive in a bid to smoothen access and grow its market share for frui...
Mr Kilemi said under this scheme, farmers will be aggregated into groups and linked to co-operatives to give them bargaining power when it comes to dictating sell terms. Read:Why Kenya's maize import plan is facing headwinds “We want to aggregate farmers into co-operatives so t...
If the product you intended to import was manufactured in Kenya, you had to seek a ‘‘no objection’’ certificate from the manufacturer first. In those days, you had to apply for allocation even to buy an air ticket. A job at either the foreign exchange department of the Central Bank...
Kenya signed the deal to import fuel on a credit period of 180 days in March 2022 as the country sought to alleviate a then-biting shortage of the dollar that had seen the shilling dropping steadily. But while the deal helped to prop up the shilling by taking away an estimated month...