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 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
Published on November 10, 2016
Kenya is inching closer to getting a National Trade Policy to address export challenges and boost trade.
The policy is expected to address market access for local goods as the government bridges the trade gap that exists with different markets.
Trade Principal Secretary Dr Chris Kiptoo said on Wednesday that the country’s trade structure has concentrated much on primary products and traditional markets without diversifying to tap new opportunities. Read more. Source | Citizen TV
Published on September 01, 2016
Imagine you were exporting some perishable goods abroad. However, you find out once your goods reach the destination port that they cannot be allowed into the country because of a newly introduced requirement or standard that your product does not meet. The goods have to be destroyed or returned. You stand to suffer massive losses and possibly lose a buyer. This hypothetical situation can happen in real life.
Published on July 01, 2016
The monthly 'Common Market Implementation Update' tracks legal and regulatory developments that have a bearing on Kenya’s compliance with commitments made towards the East African Community' Common Market Protocol (CMP).
This issue covers key milestones taken by the Republic of Kenya to advance implementation of the Protocol. On June 29 2016, Kenya approved the ratification of the EAC Protocol on Sanitary and Phytosanitary Measures.
Download the report.
Published on June 22, 2016
The World Investment Report 2016 is a publication of the United Nations Conference on Trade and Development (UNCTAD). It examines international production by multinational enterprises. It also details the ownership structures and control of affiliates of the said enterprises.
The report mainly focuses on how policymakers can distinguish between "domestic" and "foreign" companies in a globalized economy. It also provides a new framework for handling ownership issues in the investment policy-making process in the 21st century.
The publication is a useful resource in ensuring that policymakers are fully equipped with information regarding the ultimate origin of investors as required by most government policies.
Published on June 22, 2016
Zanzibar's private sector primarily consists of micro, small & medium-sized enterprises, 88 percent of which are informal and unregistered. The private sector employs about 95 percent of the island’s labor force. However, there is little awareness among Zanzibar's private sector about the East African Community (EAC) Common Market and the potential benefits the island nation could reap from maximizing inter-regional trade through the provisions of the EAC Common Market Protocol.
In June, the Hub held a public private dialogue in Zanzibar to assess challenges to implementation of the EAC Common Market Protocol and pave a way forward.
Watch a recap of the event here:
Published on June 03, 2016
Trading Into Sustainable Development is a product of the United Nations Conference on Trade and Development (UNCTAD). It examines various interactions between trade policy, with a specific focus on market access conditions, and factors that constitute the basis for achieving sustainable development.The report also presents recent evidence on the importance of enhancing connectivity to international markets as the most effective policy action that complements market access for both exports and imports.
Visit the Knowledge Center for this report and more.
Published on May 12, 2016
Tea farmers with less than eight hectares under cultivation will be allowed to grow and process new varieties rather than sell raw leaf.
Agriculture, Fisheries and Food Authority is set to release new guidelines that will accommodate the changes to govern the sector.
Samuel Ogola, technical services manager at Agriculture, Fisheries and Food said,
We intend to unveil new guidelines for manufacturing specialty teas before the end of the second quarter. This will help increase the availability of planting material and manufacturing facilities, which are required to enable farmers embrace the new tea varieties
Kenya is seeking to diversify from black tea that accounts for 95 per cent of its overall production to raise the beverage’s revenue. Read more. Source | Business Daily