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Finally, East Africa region is officially a Common Market

Published on June 30, 2015

The East African Community will formally become a Common Market on July 1 despite the aspirations of free movement of goods, services and labour being far from being achieved.

The Common Market Protocol, ratified in 2010, had a five-year transition period, which the business community says focused more on regulatory reforms as non-tariff barriers and national considerations that are frustrating efforts that would bring home the benefits of integration to the citizens of the five member states.

East African Business Council chairman Denis Karera said administrative barriers across the region have held back progress on the exchange of services and labour. Read more. Source | East African