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New scorecard report shows EAC yet to fully implement common market protocols

Published on October 31, 2016

The East African Community (EAC) is yet to fully implement the common market protocols which were meant to boost the region’s trade, a new report has shown.

The second East African Community Common Market Scorecard 2016 (CMS 2016) launched in Kampala, Uganda on Thursday shows that Kenya, Uganda, Tanzania, Rwanda and Burundi still run their trades as separate and distinct markets, keeping their economies small and disconnected due to several bottlenecks in the regulations.

This was blamed on failure by individual states to lift legal barriers like recognition of business certificates from each other and double taxation. Read more. Source | Daily Nation