On May 30, the Hub and Kenya Private Sector Alliance (KEPSA) launched the East Africa Community (EAC) Common Market Protocol update in Nairobi. The update featured two policy briefs: 1. Towards the Comprehensive Review of the EAC Common External Tarrif (CET) and 2. Enhancing Kenya’s Trade in Services.
Here are a few of the key recommendations for creating a better trading environment between Kenya and the EAC:1) Timely resolution of Non-Tarrif Barriers (NTBs) that have a high impact on Kenya’s trade performance in the EAC, 2) Support implementation of EAC export development and promotion strategies, 3) Common External Tarrif (CET) should take into account domestic production value chains that are aligned to Kenya’s industrial and agricultural policies.
More than seventy stakeholders attended the launch, providing their views on how Kenya can work towards full implementation of the EAC Common Market Protocol.
“Train and sensitize officials on the importance of the proposed laws that are meant to eradicate NTBs. This is the only way to fully implement the EAC Common Market Protocol,” said Mercy Mutemi, Legislative Counsel, KEPSA.
“We are happy to participate and will take up the recommendations provided by this update towards implementation of the CMP,” said Peter Njoroge, Ministry of EAC, Labour and Social Protection- Kenya.
The EAC Common Market Update assesses Kenya’s progress towards implementing key trade and investment-facilitating commitments made in respect to the EAC Common Market Protocol. The update covers selected issues in the movement of movement of goods, services and capital. The Hub is supporting Kenya's private sector, particularly Kenya Private Sector Alliance, to identify and accelerate the necessary reforms that will create new private sector opportunities and grow the economy. Find the update here.