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:
Related Blogs and Resources
Published on September 06, 2017
Traffic on the global payments network Swift has grown by 20.1% in East Africa over the past year, indicating an increase in trade flows with and within the region.
East Africa has outperformed the total growth for Swift globally, which amounts to 8.2%.
The figures released by Swift this week also show that intra-regional traffic in the region is up by 19.8% compared to 2015, now accounting for 69% of payments traffic in East Africa. Read more. Source | Global Trade Review
Published on September 06, 2017
nternational organisations such as the United Nations Conference on Trade and Development (UNCTAD) and the International Monetary Fund affirm that for sustainable and collective growth to happen in a globalised era, large African economies must remove the walls separating them from the continent’s underdeveloped economies.According to UNCTAD’s 2016 report African Continental Free Trade Area: Advancing Pan-African Integration, regional integration is needed to further technology and economic innovation in Africa. Read more. Source | Biz Community
Published on September 06, 2017
As competition among ports in Eastern and Southern Africa stiffens, the Tanzania Ports Authority (TPA) has decided to come up with a Master Plan for establishment of dry ports in strategic regions, to ease clearance and shipment of transit cargo to neighbouring countries.
This was revealed by TPA Director General, Engineer Deusdedit Kakoko at Ruvu-Vigwaza area in the Coast Region over the weekend, where he accompanied Minister for Works, Transport and Communications, Prof Makame Mbarawa to Kwala area to inspect an ongoing construction of a dry port.
In his details, Engineer Kakoko said for years now TPA has been operating its dry ports, including constructing new ones but without a Master Plan - a dynamic, short and long-term planning document that provides a conceptual layout to guide future growth and development. Read more. Source | Daily News
Published on August 29, 2017
Rwandan and Tanzanian private sector bodies on Monday reiterated their commitment to collaborate in advocating for elimination of Non-Tariff Barriers (NTBs) between the two countries.
Restrictions that result from prohibitions, conditions, or specific market requirements that make importation or exportation of products difficult and or costly continue to trouble business people from both countries and, this was high on agenda of a one-day peer to peer meeting held in Kigali.
“Unlike politicians, business people don’t have term limits or constituencies. All that is important is a good doing business environment; and that is what we all desire. We must continuously collaborate, or regularly share views on how best we can collaborate to further make things better,” Stephen Ruzibiza, the PSF chief executive, said. Read more. Source | New Times
Published on August 16, 2017
Insurance regulators from the East African Community meet in Arusha on Thursday in efforts to adopt common regulatory standards meant to protect policyholders and ensure stability of the sector.
The meeting, called by the East African Insurance Supervisory Association (EAISA), will explore emerging issues including common regulatory standards, according to an announcement.
East African countries are seeking to harmonise rules to supervise companies in areas such as corporate governance, capitalisation, investment, stress testing, supervision and winding up of insurance firms. Read more. Source | Business Daily
Published on August 08, 2017
Kenyan and Tanzanian businesses are calling for the elimination of various non-tariff barriers that slow down trade between the two countries.
A consultative meeting held in Dar es Salaam last week between the Tanzania Private Sector Federation (TPSF) and the Kenya Private Sector Alliance (KEPSA) noted that Kenyan exporters of cement, edible oils, cigarettes and other products still encounter restrictions on entry into Tanzania while Tanzanian dairy traders are finding it difficult to export to Kenya.
“There is a need to facilitate administrative processes on the movement of goods, including clearance at border points,” the trade lobbies said in a joint communiqué after the meeting on Thursday. Read more. Source | The East African
Published on July 26, 2017
Uganda's Cabinet has endorsed the draft Investment Code Bill 2017, which seeks to align Uganda's investment policy stance with its commitments to the East Africa Community (EAC) Common Market Protocol. The bill also seeks to reform several provisions that would improve the entry, facilitation and protection experience of foreign investors doing business in Uganda.
The bill was prepared with input from Southern and Eastern African Trade Information and Negotiation Institute Uganda (SEATINI-U) with support from Hub investment policy experts. The Bill is now with Uganda’s Parliament for consideration.
Bill reforms include: - Defining a local investor to include natural persons and companies where the controlling interest is held by persons from an EAC Partner State. It proceeds to accord them the same incentives as Ugandan investors. - Shifting the approach of the code from regulatory and control-based to promotion and facilitation. - Repealing several discriminatory provisions between domestic and foreign investors and incorporating international best practice in several measures. - Providing better protection for foreign investors in several issues, including obtaining credit from domestic sources, and better intellectual property rights for use of foreign technology.
Published on July 25, 2017
As right-wing populism recedes, following the tragicomic reign of Trump in the West and the election of the pro-EU Emmanuel Macron in France, the developmental approach taken by the Tripartite (the Common Market for Eastern Africa – East African Community and the Southern Africa Development Community) might well be a best practice for the whole world in pursuing regional economic integration.The approach bases regional economic integration on at least three simultaneously critical pillars – building of large regional markets to support critical levels of investment, cross-border economic infrastructure including rural infrastructure and industrialisation, with a focus on small to medium scale enterprises, for social economic transformation. Read more. Source | New Vision