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Related Keywords: Common External Tariff, constrain textile industry, Customs Union, duty-free status, exempted from charges, expanding business, finished products, forced to stop selling goods, Kenyan companies, on raw material, to East African Community, trading bloc

More than 300 Kenyan companies have been forced to stop selling their goods to the East African Community (EAC) market. According to manufactures goods from outside the trading bloc, especially from China, are exempted from such charges, thus edging out local firms from the market.

Companies signed up on the scheme attract full duties, levies and other charges provided in the Common External Tariff (CET) for goods sold in the customs territory, according to Article 25 of the EAC Customs Union Protocol.

Related Keywords: abolish U.S. tariff rates, Customs Union, EU market, FTA, improve supply chain, influences from free trade agreement, invest in material production, link fiber production, second largest exporter, TPP, US market, Vietnam Association of Garment and Textile, Vietnam textile and garment sector, with cloth production

Vietnam has been the second largest exporter of garment and textile products to the U.S. for the last several years. The annual export turnover from Vietnam to U.S. market has grown 12-13 percent in recent years while the North American nation’s import value has grown only 3 percent. These achievements were partly due to influences from free trade agreements.

Related Keywords: Chinese product, Customs Union, garment producers, high quality, improved taxation system, Kyrgyzstan garment industry, Kyrgyzstan wool, re-export to Russia, sewing products

The Customs Union countries including Kazakhstan, Russia and Belarus to introduce a system of marking products that means products imported to Kyrgyzstan from China, during their future re-export to Russia, will be qualified as Chinese. Such goods will be withdrawn from the market, and sellers will have to pay significant fines said, advisor to the Russian President on Eurasian integration Sergey Glazyev.

Related Keywords: Customs Union, Customs Union Russia, free trade pact, garment sector, TPP, Vietnam-EU Free Trade Agreement, Vietnamese textile industry, Vinatex

The Vietnam National Textile and Garment Group’s (Vinatex) deputy general director, Le Tien Truong during the conference in Ho Chi Minh city held to discuss the group’s public offering state that there is a growth witnessed in the garment and textile sector, its clothing exports have grown more than 15 percent annually since 2001 while the garments make up over two percent of global market share.