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East African Community Trade Report-2013

Published on June 09, 2015

trade_report_2013.JPGEast African Community Trade Report. In 2013, the process of East African Community integration gained momentum when an agreement was reached on the policy and institutional framework for the Single Customs Territory. As a result, a number of non-value adding processes of transporting goods from Mombasa to Kigali through Kampala will be removed and therefore the number of days taken to move cargo from Mombasa to Kampala and finally to Kigali will be reduced. Further, the year 2013 marked the signing of the Monetary Union protocol which is very important for integration of the financial systems within the region. These developments are expected to ease doing business in the East. African Community, making the region one of the major investment destination in the world.