POLICIES


Trade integration is a cornerstone of EAC trade policies. This involves straightening of public instutions and private sector organizations involved in exporting and promotions.

The EAC signed frame work agreement in 2011 with aim of boosting/promoting commodity trade, exchange.

REGULATIONS.
OPPORTUNITIES.

Number of measures have been taken at the community level to enhance trade and opportunities:

• The customs union Protocol

Signed in the March 2004, the protocol came into force upon ratification by the then three EAC member countries and became effective on 1st January 2005.

The objectives of the Custom union include furthering the liberalization of intra-regional trade in goods, promoting production effeciancily in the community, enhancing domestic, cross-border and foreign investment and promoting economic development and industrial diversification.

• The common Market Protocol
EAC partners states signed the protocol in November 2009,and it come into force on 1st july 2010.the common market is the first of its kind in Africa. The EAC seeks to progressively transform into a single market that allows for free movement of goods,persons,service,labour and capital while guaranteeing right to residence and establishment. Reviews of the relevant laws to ensure the smooth operation of the EAC Common Market are ongoing in all the partner states.

Removal of non-tariff barriers to trade. Under Article 13 of the customs Union Protocol, the EAC partners states have agreed to remove all existing non-tariff barriers to trade and not to impose any new ones.


0
Send a message
Sorry! We aren't around right now. Leave a message and we'll get back to you, asap.
Your name
* Email
* Describe your issue
Login Chat
Questions? We're here. Send us a message!
Your name
* Email
We're online!
Translate »
en_US