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Nefferitti Dieng, MBA. KENYA Import licensing controls dismantled in 1993 Small number of health, environment, and security imports required Requirements.

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Presentation on theme: "Nefferitti Dieng, MBA. KENYA Import licensing controls dismantled in 1993 Small number of health, environment, and security imports required Requirements."— Presentation transcript:

1 Nefferitti Dieng, MBA

2 KENYA Import licensing controls dismantled in 1993 Small number of health, environment, and security imports required Requirements and Documentation Import Declaration Forms (IDF) Pre-shipment Verification of Conformity (PVoC): pre-shipment inspection Waived for bulk agricultural commodities inspected and certified by U.S. government inspection agencies Import Standards Mark (ISM): affixed to products Labeling is required with date of manufacture and expiry Some U.S. firms may find packaging & labeling requirements difficult to meet Import Requirements

3 KENYA If goods shipped without inspection, importers apply for destination inspection subject to acceptance and pay a penalty of 15% and a 15% bond of the value, plus the test cost No tax treaty between Kenya and the U.S. U.S. companies operating in Kenya are subject to Kenyan tax laws Tariffs based on international harmonized system (HS) – product classification Intellectual Property Rights (IPR) Lack of enforcement to protect videos, music, and computer software Some U.S. firms reluctant to export goods and services to Kenya Import Requirements

4 Imports and Exports to Kenya Consumer Taste Grown High Demand Posted by NTVKenya on March 21, 2012 Press play button in center to play video Video maybe subject to copyright

5 VIETNAM Automatic import licensing system Foreign investment enterprises can import materials, equipment, and machinery only for the purpose of establishing production lines and producing goods in accordance with investment licenses Foreign investment enterprises must gain investment licenses Inspection required on certain goods, but not all Trading rights open to all foreign invested enterprises Distribution rights are opened to joint venture investment with no limit on capital contribution Import Requirements

6 VIETNAM Authorized importers Export goods of all kinds (except those banned) Import goods according to business lines stated in business registration certificates Significantly reduced tariff rates as entry to WTO – Jan. 2007 Vast majority of U.S. exports face 15% or less tariffs Lifted many restrictions on imports and other nontariff measures Such as quotas, bans, permits, prior authorization and licensing requirement Value added tax on goods and services Vietnams system of standards is complicated and not always transparent – 6,500 national standards Some items are subject to national standards, regulations of the functioning agencies, and others subject to both Import Requirements

7 Imports to Vietnam Growing Middle Class Agricultural Items Posted by HighPlains Journal on March 2, 2012 Press play button in center to play video Video maybe subject to copyright

8 RECOMMENDATIONS Kenya has less import restrictions with local government encouraging imports through tax breaks and other incentives Vietnam has exceptional requirements to engage in trade, still significant barriers However, Vietnam has a population of approximately 87.8M verses Kenya having a population of about 41.6M Therefore, despite all the trade issues in Vietnam our goods and services can reach a larger population in Vietnam We should hire a local Vietnamese consulting firm to consider a joint venture that might lessen the trade barriers Where to Export

9 http://www.wto.org/english/thewto_e/countries_e/kenya_e.htm http://globaledge.msu.edu/countries/Kenya http://www.buyusainfo.net/docs/x_5137303.pdf http://www.wto.org/english/thewto_e/countries_e/vietnam_e.htm http://globaledge.msu.edu/countries/Vietnam http://www.buyusainfo.net/docs/x_6553479.pdf


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