Cross border traders are optimistic of an increase in trade across the border this year when compared to last year.
The optimism comes at the time traders are reporting progress in the enhancement of free movement of goods that continue to open borders for ease of doing business.
“Things are changing here at the border, we can move freely and cross over to Uganda with no problem,” Vestine Mukamusoni, a cross border trader Gatuna on the Rwanda Uganda border told this website.
Under the common market protocol members states agreed to levy zero tax on goods originating from the region with a certificate of origin.
The free Borders, which now provides goods originating within the East African community not to be taxed allows traders to trade freely across the borders but also the recent implementation of one area network has boosted trade.
“I send money on mobile money to my colleague in Uganda and then he sends goods to me,” said Jean Pierre Mbarushimana.
The one area network which was launched in the third quarter of 2015 with telecoms cutting down call rates as well as facilitating cross border mobile money transfers that has eased trade across the borders.
Moreover, with the recent efforts by ministry of Trade and industry to support informal cross border traders through cooperatives easing access to credit and advocacy is yet to bolster trade this year.
Rwanda is hopeful that with more cross border trade mainly in exports will improve its export receipts that recorded a decline in the third quarter of 2015.
According to National Institute of Statistics of Rwanda-NISR, the country’s exports to East Africa declined by 24 percent to by 24 percent in the third quarter of 2015 compared to second quarter, with imports totaling US$ 125.95 million.