Over the past three months, the Hub has been collaborating with the Kenya Private Sector Association (KEPSA) to assess how well East African Community (EAC) Partner States are implementing the EAC Common Market Protocol. The Hub and KEPSA are specifically interested in key trade and investment commitments pertaining to the freedom of movement of goods, services and capital.
On September 20, the Hub and KEPSA will convene public and private sector stakeholders for an update on the outcome of their assessment. The update is derived from an analysis of over 200 bills and acts of parliament, draft and existing regulations and administrative notices issued by the EAC Partner States. Specifically, the update will provide:
- An overview of proposals currently before the National Assemblies of Uganda, Tanzania, Burundi and Rwanda that once effected into law will close or limit the participation of Kenyan exporters, investors and professionals in these markets.
- An assessment that shows Kenya and other EAC Partner States are making progress towards attracting foreign investment, but recent legislative activity shows the risk of enactment of potentially investment-limiting laws and regulations.
- An assessment that shows a number of regulatory measures currently before Kenya's National Assembly contain potentially trade limiting measures in key sectors such as ICT and energy and professions such as engineering.
We will also make recommendations on the required strategic and legal actions required of Kenya to meet its commitments under the EAC Common Market Protocol.