EAC launches unified customs bond to slash cross-border trade costs

The East African Community has launched a unified customs guarantee system designed to slash cross-border trade costs and unlock nearly $2 billion in capital previously tied up in multiple national bonds. The new initiative, known as the EAC Customs Bond or EACBond, allows transporters to move goods across multiple partner states using a single guarantee. […] The post EAC launches unified customs bond to slash cross-border trade costs appeared first on PML Daily .