The East Africa Trade and Investment Hub works to improve the policy and regulatory environment for East African Community (EAC) integration, trade, and investment.
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.
Interested in EAC trade statistics? Find import and export country data on the EAC Trade Helpdesk.
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Published on January 11, 2017
The introduction of one-stop border posts has been hailed for improving trade among East African Community (EAC) member countries.
The border posts have also made EAC a major economic bloc in Africa, according East African Legislative Assembly (EALA) member and Kenya chapter secretary Judith Pareno.
Ms Pareno made the remarks during an EALA sensitisation forum in Isiolo on Tuesday.
She lauded the assembly for removing trade barriers at border points, saying the changes had resulted in faster and more efficient movement of people and goods. Read more. Source |Daily Nation
Published on January 05, 2017
The East African Community is working with agencies such as TradeMark East Africa to ease the movement of labour and capital and cross-border business.
The Community has initiated projects focused on creating market access, enhanced trade environment and competitiveness.
In 2016, 10 of the 13 one-stop border posts were completed and are operational under the integrated border management arrangement. These are the Holili-Taveta, Mirama Hills-Kagitumba, Kobero-Kabanga, Busia-Busia, and Mutukula-Mutukula posts. Read more. Source | East African
Published on December 21, 2016
In order to acquire land and start actual work on the development of Free Trade Zones in Uganda, the authority responsible for the establishment could require funding of up to Shs400 billion. Established in 2014, the Uganda Free Zones Authority (UFZA) was meant to attract export-oriented investments to Uganda that would be given specific tax incentives.
While launching the 2015/16 – 2019/20 Strategic Plan in Kampala on Tuesday, Mr Richard Jabo, the executive director UFZA, revealed that implementation will require funding of between Shs360 billion and Shs400 billion over the next five years. Read more. Source | Daily Monitor
Published on December 08, 2016
Traders in the East African Community (EAC) should understand the rule of game in the regional cross-border trade, a trade technocrat has advised as millers in Kenya complain about zero rated wheat flour imports from Tanzania.
The East African Business Council (EABC) Trade Economist, Mr Adrian Njau, said in a telephone interview from Arusha yesterday that most traders were uninformed of their rights stated on the EAC treaties.
“Business people operating in the region should not overlook the procedures needed to penetrate the regional markets, but make effective use of the duty-free access to sell their products,” he said. Kenyan millers have questioned the application of the EAC tax regime by the authorities which allow wheat from Tanzania to enter Kenya market tax free. Read more. Source | Daily News
Published on December 06, 2016
Kampala, Uganda was the next stop in the series of quarterly East African Community (EAC) Common Market Protocol implementation update sessions. These events are designed to appraise private and public sector on the progress the EAC Partner States are making towards full implementation of the EAC Common Market Protocol. The protocol creates a framework for economic integration among Partner States where there is free movement of goods, labor, services and capital.
The Hub works with legal experts in each of the Partner States to research country-level legislative developments and their impact on the integration process. The aim is to flag potentially retrogressive measures, such as discrimination against citizens of other Partner States from participating in the country's economy.
Below are some of the key highlights from the meeting. You can also download the presentation here.
Published on December 02, 2016
Introduction of new duties and levies on imports and exports has slowed down containerised trade along the East Africa’s Northern corridor, a trade report by shipping giant Maersk Group states.The report shows the northern corridor comprising Kenya, Uganda, South Sudan and parts of Rwanda recorded a three per cent growth in exports, while imports rose two per cent year-on-year in September.
“Imports were stifled by introduction of new duties and levies on some of the import commodities such as used clothing, as well as new regulations on auto and paper imports into Kenya,” head of Safmarine East Africa Purity Karau said. Source: The Star. Read more...
Published on November 23, 2016
On November 22, the Hub and the Tanzania Private Sector Federation (TPSF) jointly held an event in Dar es Salaam, Tanzania to appraise private and public sector practitioners on the country's progress toward implementation of the East African Community (EAC) Common Market Protocol. The protocol seeks to establish a single market where there is free movement of goods, services, labor and capital across member states, thus expanding economic opportunities in the region.
The update was based on ongoing legal research and analysis carried out by the Hub in each of the EAC Partner States on new and existing legal provisions and their impact on the implementation of the protocol. Based on this research, the Hub partners with private sector associations, such as TPSF, to seek reform of the measures that are inconsistent with the protocol.
Published on November 18, 2016
The East African Community (EAC) is hatching a plan to harmonise laws that will regulate cross border insolvency. Insolvency occurs when an organisation or individual is unable to pay debts on time. An insolvent company can either wind up or be restructured.
Speaking to journalists an the launch of the insolvency week in Kampala, Mr Bemanya Twebaze, the registrar general Uganda Registration Services Bureau (URSB),said resolving insolvency is one of the areas that the World Bank bases in preparing its easing of business report.
The World Bank Doing Business Report 2017 which is its 14 edition and themed ‘Equal Opportunity for All’ released in Washington DC on October 25, shows that Uganda moved from 122 in 2015 to 115 in 2016 out of 190 economies. Read more. Source | Daily Monitor