EAC COMMON MARKET IMPLEMENTATION Impact of Container Cash Deposit Requirement in Kenya: The Case of Private Sector Firms in Rwanda
To highlight the impact of Mombasa Port container cash charges on regional trade and business, the Hub created the following case study focused on Rwanda private sector firms. The study demonstrates the need for a solution to the cash deposit requirement in order to reduce the cost of doing business. The study reveals long administrative time gaps between claim submission and deposit recovery that impact on business cash flow and adds financial burdens, particularly to smaller freight forwarders. It also leads to an increase in operational costs that are ultimately passed on to consumers. The study further reveals how the utilization of a guarantee scheme has enabled some of the firms to reduce costs.
The proposed Tripartite Free Trade Area between the East African Community, Comesa and Southern African Development Community could potentially eliminate intra-regional trade bottlenecks and boost exports among member states by at least 30 per cent.
According to the EAC Secretariat, trade between the EAC and the Common Market for East and Central Africa in 2014 amounted to $2.7 billion while flows between the EAC and SADC stood at $3 billion.
The United Nations Economic Commission for Africa (Uneca) projects that the gains could even be bigger if non-tariff barriers between the three sub-Saharan Africa blocs are eliminated when the tripartite arrangement comes into force. Read more. Source | East African
The U.S.-EAC Cooperation Agreement on Trade Facilitation, SPS, and TBT commits both the EAC and the United States to three objectives:
IMPLEMENT THE WTO’s TRADE FACILITATION AGREEMENT
- The Agreement commits the parties to cooperate on customs issues, including the implementation of the World Trade Organization (WTO) Trade Facilitation Agreement, reducing red tape and unnecessary formalities at borders decreasing border release times, and implementing other positive reforms laid out in the WTO Trade Facilitation Agreement to help streamline and facilitate trade. This will build on the EAC’s own work on customs reforms, which have resulted in substantial reductions in the time and costs of moving goods across borders within the EAC. For instance, container transit times from Mombasa, Kenya, to Kigali, Rwanda have declined from 21 days several years ago to six days, while associated transport costs are down by over $1,700 per container.
The East African Common Market Scorecard 2014 assesses progress toward the development of a common market in capital, services, and goods across the Partner States of the East African Community (EAC)—Burundi, Kenya, Rwanda, Tanzania, and Uganda.
EAC Strategic Plan for Gender, Youth, Children Persons with Disability, Social Protection and Community Development (2012-2016)
EAC Strategic Plan for Gender, Youth, Children Persons with Disability, Social Protection and Community Development (2012-2016) The Strategic Plan is in line with the Fourth EAC Development Strategy (2012-2016) and has taken into consideration the various legal instruments and commitments made at international and regional levels such as the Convention on the Elimination of All Forms of Discrimination Against Women adopted in 1979 by the UN General Assembly, the Beijing Platform for Action adopted in 1995, the UN Convention on the Rights of the Child adopted in 1989, the African Youth Charter adopted in 2006 and the UN Convention on the Rights of Persons with Disabilities adopted the same year