Description
Your firm is considering exporting to two countries: Kenya and Vietnam. However, management's knowledge about these countries' trade policies and barriers is limited. Conduct a search using GlobalEdgeand other sources to identify the current import policies, tariffs, and restrictions in these countries. What recommendations would you make to management? Develop a 4–5 slide presentation that outlines what you learned and your recommendations to the firm's management.
Explanation & Answer
Please find answer.Thank you.
Import Policies, Trade and Restrictions
NAME
UNIVERSITY NAME
COURSE
JAN 08,2018
Kenya(African Country)
1.
It’s foreign policy is driven by economic interest. Kenya is a founding member of East African
Community(EAC) and believes in the advancement of regional integration with the EAC.Kenya is
also a member of COMESA(The Common Market for East and Southern Africa) that brings 19
countries that from an economic bloc.
2.
Import Policy: Kenya's main instrument of import policy is the EAC Common External Tariff(CET).In
order to import goods to Kenya,an import declaration fee of 2.25% of the CIF value subject to a
minimum of 5000 Kenyan shillings is payable(export.gov,n.d.).
3.
Tariff:
❖ Kenya applies tariff based on the international harmonized system(HS) of product classifies.
Exporting goods to Kenya are subject to a standard VAT rate of 16% levied on the sum of CIF
value,duty and o...
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