The East Africa Trade and Investment Hub works to promote a more predictable, transparent and enabling business environment in East Africa, conducive to trade competitiveness and accelerated investment. Over the course of five years, activities under this component will achieve a 100 percent increase in the value of intra-regional trade in the EAC by advancing the implementation of the principles of regional integration, and enabling partner states to comply with intra-regional and international trade agreements and conformity to international standards.
The Hub team works closely with a network of private businesses, investment firms and trade associations, as well as other development partners, to gather, collate and assess evidence for trade policy and regulatory reform. It then initiates dialogue with policy makers and regulators.
Over the last two years, the Hub’s trade policy and regulatory reform activities helped achieve a 39% increase in intra-regional trade within the EAC. Hub activities supported the acceleration of the compliance by the EAC Partner States with the U.S.-EAC Cooperation Agreement, implementation of the EAC Common Market Protocol (CMP) and enabling policies for an improved business ecosystem.
Under the U.S.-EAC Cooperation Agreement, the Hub has supported both regional and national level WTO TBT and SPS compliance. With Hub's support, all EAC Partner States adopted the ePing electronic notification system (ENS); ENS meets the obligation for notification under the Cooperation Agreement on Trade Facilitation, SPS and TBT (an agreement that requires EAC Partner States to establish an effective process to ensure that they notify proposed measures on TBT and SPS to other WTO members). ePing will also allow the Partner States to access other WTO members' TBT and SPS measure notifications, and facilitate dialogue among the public and private sector in addressing potential trade problems at an early stage. Currently, both Uganda and Rwanda have adopted the ePing system, with Tanzania and Kenya agreeing in principle to use the system. Watch the video below:
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Published on November 22, 2017
International conference organisers are upbeat following the last week’s announcement of the new visa regime.
Under the new arrangement, travellers from across the world will from January 1, 2018, receive a 30-day visa on arrival at the country’s entry points.
The development comes at a time when countries across the world are closing their borders, with most citing reasons such as insecurity and influx of migrants. However, Rwanda is proceeding with the least taken path in regards to visa policy to increase openness. Read more. Source | New Times
Published on November 22, 2017
Rwanda’s business community should take advantage of the recently installed modern infrastructure at Mombasa port to increase trade. Catherine Mturi-Wairi, the Kenya Ports Authority managing director, has said.
Mturi-Wairi said the authority is committed to facilitating regional trade through provision of efficient and convenient services, adding that they look to raise and sustain the port performance to world class standards.
“We are working on a plan that will further reduce unnecessary delays at the port. Already, we have expanded yards and berths to handle more cargo, revamped the ICT system for faster document processing, and modernized cargo handling equipment. Read more. Source | New Times
Published on November 14, 2017
Maize export ban has been lifted, thanks to bumper harvests, which the National Food Reserve Agency (NFRA) can hardly drain.
The lifting of the June 2017 ban has come as a blessing to some needy East African countries and Tanzanian peasants who have been complaining over unreliable markets for their produce.
Agriculture Minister Dr Charles Tizeba, debating the 2018 fiscal budget draft and proposed National Development Plan in the National Assembly here yesterday, said the move follows an assessment on the current food stock against NFRA budget for maize purchase. Read more. Source | Daily News
Published on November 14, 2017
Uganda’s President Yoweri Museveni and Tanzania’s President John Pombe Magufuli will today officially launch the $12 million (Shs43.8 billion) Mutukula One Stop Border post (OSBP) facility that is aimed at reducing the cost of doing business.
The United Kingdom’s Development for International Development (DFID) funded the infrastructure component while the Canadian development agency and Global Affairs financed the operationalization of facility through Trademark East Africa.
The OSBP is a “one stop” form of border crossing point jointly managed by neighboring countries and where activities are streamlined to maximise efficiency. Read more. Source | Daily Monitor
Published on November 09, 2017
Ministry of Trade has urged clearing agents and traders to embrace the Uganda Electronic Single Window System in order to speed up trade and customs clearance activities for goods and services. The electronic single window, launched in 2016 by the ministry, is an online trade facilitation government initiative that, among others, enables international cross- border trade.
Through the system, traders are able to electronically submit their documents and information for clearance and certification to various government and regulatory agencies from a single location. Read more. Source | Daily Monitor
Published on November 08, 2017
All ‘One-Stop-Border’ posts (OSBPs) along borders separating the East African countries will be fully operational by next January 2018, An official at the EAC Secretariat confirmed here.
The East African region has identified 15 border posts in Kenya, Rwanda, Uganda, Burundi and Tanzania for conversion from ‘two-stop’ border posts into single premises entity or OSBPs to facilitate movement of people and goods across the region.
An official with the East African Community (EAC) Secretariat confirmed here yesterday that two mapped OSBPs in Longido, Tanzania and Kajiado in Kenya are scheduled for official launch by President John Magufuli. Read more. Source | Daily News
Published on November 07, 2017
Improving connective infrastructure and removing policy to trade can help drive economic desertification, creation of new jobs and poverty reduction, the East African member states have been advised.
Speaking during a two-day workshop on the integrated corridor development initiative-Lake Tanganyka transport programme, Burundi’s Minister for Transport, Public Works and Equipment, Mr Jean Bosco Ntunzwenimana said improvement of regional transport network will help to boost the regional economy.
“Improvement of transport network in sustainable manner is essential for competitive and improved integration into the region and global market,” he noted. The workshop took place over the weekend in Bujumbura, Burundi. Read more. Source | Daily News
Published on October 25, 2017
Four years after its launch, Kenya, Tanzania, Uganda and Tanzania are benefitting from quicker and cheaper payments through the East African Payment System (EAPS). Currently serving a population of more than 150 million people; and with Burundi soon to go live on the platform, what are the driving forces behind EAPS and what impact is it having on the region?
Lack of shared rules and regulations, cross-border trade tariffs and lack of infrastructure remain major barriers to economic growth in Africa. According to the World Bank, the African market remains highly fragmented, which limits the movement of goods, services and people across borders. The United National Economic Commission for Africa has also recently highlighted the need to boost intra-African trade to deliver development across the continent and speed up Africa’s economic transformation. Read more. Source | New Times