Moscow, Russia | XINHUA | Russian President Vladimir Putin on Monday signed a law that authorizes the government to temporarily reduce or fully eliminate export duties of certain goods to “friendly countries.” The law will empower the Russian government to lower export duties on shipments to friendly countries for a period …
Read More »China to grant zero-tariff treatment to 98% of imports from Uganda
Kampala, Uganda | Xinhua | Ninety eight percent of Ugandan goods will, starting Dec. 1, access the Chinese market at zero tariff, officials said here Friday. Speaking at the public unveiling of the Special Preferential Tariff Treatment of Ugandan Exports to China, Zhang Lizhong, Chinese Ambassador to Uganda, said the expansion follows …
Read More »Electricity tariff drop not enough to grow industrial sector
Government hopes new dams will drive tariffs downwards Kampala, Uganda | JULIUS BUSINGE | Electricity consumers grappling with surging energy bills have at least got some relief as the industry regulator reduces tariffs for the next three months. But they are not overall better off, compared with four years ago. The …
Read More »Trump tariffs have world traders steeling for conflict
Paris, France | AFP | By opting to place heavy tariffs on imports of steel and aluminium, US President Donald Trump is on the surface hoping to protect jobs at home. Yet his policy threatens not only to frustrate trade partners but also cost US workers dear, many analysts as …
Read More »Trump tariffs fuel sell-off in steel and aluminium firms
Hong Kong, China | AFP | Steel and aluminium producers across Asia sank Friday on news of Donald Trump’s controversial tariffs, though some analysts said the long-term effects on the sector might not be as bad as thought. The president said Thursday he would slap levies of 25 percent on …
Read More »EU profits as Trump turns away from trade
Frankfurt am Main, Germany | AFP | The United States’ new hostility to free trade deals under President Donald Trump is benefiting the European Union, the bloc’s top trade official said Tuesday. After Trump’s withdrawal from the Trans-Pacific Partnership trade deal in late January, “many countries are now turning to …
Read More »ERA calls for advice on automatic tariff adjustment regime
By Julius Businge The Electricity Regulatory Authority (ERA) has called on the members of the private sector, government and the public who are well versed with finance knowledge to help it scrutinize the budgets submitted by power generators and suppliers (licensees) for the year 2013. The budgets contain the costs …
Read More »UMA rejects the proposed automatic tariff review
By Julius Businge The Uganda Manufacturers Association has issued a statement opposing the Electricity Regulatory Authority’s (ERA) planned move to review and implement the automatic power tariff scheme for the next seven years, the body said in a press statement published in a daily newspaper on Dec. 5. “UMA is …
Read More »