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|NAIROBI， May 28 (Xinhua) -- East African apex business body on Saturday decried the high level of non tariff barriers that exist during cross border trade.
The newly elected East African Business Council (EABC) Chairman Econie Nijimbere said in Nairobi that non tariff barriers add to their transaction costs.
"The business community continues to face non-tariff barriers which contribute to the low level of intra-regional trade，" Nijimbere said during the EABC 17th Annual General Meeting.
During the meeting Nijimbere was elected to replace Dennis Karera who was the previous chairman. The EAC signed the Custom Union protocol in 2005 and a Common Market Protocol in 2010.
The Customs union brought about a three band structure for the Common External Tariff for raw materials， intermediate goods and finished goods.
Nijimbere said that there are critical gaps and a disparity in the implementation of the two protocols which is in turn creates obstacles for business persons across the region.
He said that lack of harmonized standards for goods and services is also hampering trade.
EABC Acting Executive Director Lillian Awinja said that the trading bloc has a limited number of harmonized regional standards.
"This is a form of non tariff barrier because it leads to expensive and time-consuming re-testing processes at the border points，" Awinja said.
She said that harmonization of standards should be fast tracked for the 20 most traded goods across the EAC. She noted that currently some products have several standards.
Typically， the EAC committee on standards approves a standard for a particular product and the forwards the standard to the EAC council of standards so that they are declared as an EAC standard.
Awinja added that the absence of a regional technical framework has contributed to the application of national technical regulations instead of the EAC technical regulations.
"This situation is further exacerbated by a frequent misunderstanding on the different roles of the national regulatory authorities，" she said.
BEIJING Benedikt Howedes Jersey , Jan. 18 (Xinhua) -- China's property market remained largely stable in December with home prices edging down slightly in major cities amid tough purchase restrictions, the National Bureau of Statistics (NBS) said Thursday.
On a monthly basis, new residential housing prices in first-tier cities stayed unchanged in December from November, and second-hand home prices went down 0.1 percent.
In contrast Andrea Barzagli Jersey , the property market in second- and third-tier cities is showing signs of picking up, with new residential housing prices gaining 0.6 percent and 0.5 percent, respectively, from a month earlier Alex Sandro Jersey , NBS data showed.
New residential home prices went down on a yearly basis in nine of the 15 major cities, considered the "hottest markets." On a month-on-month basis, new residential housing prices fell in four of the 15 cities, while Beijing Cheap Juventus Jerseys , Hangzhou and Hefei saw prices flat with November.
NBS statistician Liu Jianwei said that housing prices stayed generally stable in major cities as differentiated control policies continued to take effect.
The data provide evidence that government cooling measures to prevent asset bubbles in the property market are producing the desired outcomes.
China's housing market last year had a red hot start with soaring prices in some major cities, but ended on a cool note after local governments rolled out a string of restrictive measures echoing the central government's call that housing is for living in, not for speculation.
About 110 cities and government agencies introduced more than 270 restrictions to tame the housing market, with Beijing implementing over 30 cooling policies Wojciech Szczesny Juventus Jersey , according to Centaline Property.
A statement released after the Central Economic Work Conference last December said that China will maintain policy consistency and continuity and adopt differentiated property policies in 2018.
BEIJING, Jan. 22 (Xinhua) -- The valid visa term for people of Chinese origin, who now hold foreign citizenship, will be extended to five years for multiple journeys from the previous one-year period Stephan Lichtsteiner Juventus Jersey , the Ministry of Public Security (MPS) said Monday.
Other measures enabling Chinese citizens to apply for entry-exit certificates at local police offices were also announced at an MPS news briefing.
China saw 598 million exits and entries across the border in 2017, up 4.76 percent from 2016, according to the MPS. Some 292 million of the trips were made by citizens in the Chinese mainland, a 6.73-percent increase from the previous year.
Qu Yunhai Stefano Sturaro Juventus Jersey , head of the Bureau of Exit and Entry Administration of the MPS, said the ministry will continue to reform the system for issuing permanent residence certificates to foreigners.
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