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 February 21, 2018
Preparations are finalized for the Joint EAC Heads of State Retreat on Infrastructure and Health Financing and Development scheduled for this week in Kampala, Uganda, EAC Secretary General Amb. Liberat Mfumukeko has said.
Amb. Mfumukeko was speaking at the press conference held at the EAC Headquarters to update media on the upcoming Joint EAC Heads of State Retreat as well as 19th Ordinary Summit of the EAC Heads of State which will also be held in Kampala. Read more. Source | Daily News
Published on January 24, 2018
Common Market for Eastern and Southern Africa (COMESA) has stepped up efforts to promote cross-border trade by embracing e-commerce to be able to “minimise physical barriers”. to trade across the region. Dr Francis Mangeni, the COMESA director of trade and customs, said that trade facilitation is a key priority for Africa, and a “digital free trade area (FTA) is a practical way of increasing intra-regional trade and creating wealth”.
Mangeni added that the online FTA will be rolled out soon enabling member states to trade commodities, goods and services without need to travel. Read more. Source | New Times
Published on January 23, 2018
Tanzania Ports Authority (TPA) expects to cut cargo clearance time at the Dar es Salaam Port to just 48 hours. The Dar Port now boasts a 35 storey one stop centre from which the entire cargo clearance process will be handled.
All cargo stakeholders will now operate under this single roof from TPA headquarters to offices of Tanzania Revenue Authority (TRA) and Tanzania Food and Drugs Authority (TFDA) all the way to clearing and forwarding agents. Read more. Source | The Exchange
Published on December 14, 2017
The Uganda Free Zones Authority (UFZA) has signed a Memorandum of understanding (MoU) with Trademark East Africa (TMEA) to guide the formation of an investment, trade and logistics hub in Jinja District as well as promote collaboration between the two organisations.
The logistics hub in Jinja is expected to boost economic growth, create employment and contribute towards sustainable and inclusive prosperity of the region by promoting the reduction of trade barriers and ensuring improved business competitiveness. Read more. Source | Daily Monitor
Published on December 13, 2017
his year, Africa’s Industrialization Day focused on raising awareness of the importance of African industrial development in implementing a successful Continental Free Trade Area (CFTA), fostering economic growth, and alleviating poverty. A continent-wide endeavor, the CFTA aims to create a single market for goods and services in Africa.
On November 20, I spoke at a high-level conference organized in New York by the United Nations Industrial Development Organization (UNIDO), the Office of the Special Adviser on Africa, and the Permanent Observer Mission of the African Union to the United Nations to discuss how the CFTA and Africa’s industrialization go hand-in-hand for successful African growth. Read more. Source | Brookings
Published on December 13, 2017
A campaign aimed at raising awareness about challenges faced by women traders in the region has been launched by Trademark East Africa (TMEA), a regional trade facilitation organisation.
The Women and Trade campaign will highlight trade opportunities for women in business in a bid to increase inclusion and equitable access to trade opportunities, the organisation said in a statement. Under the theme, “Empowering women, powering trade”, the campaign will see TMEA engage policy-makers, development partners, business associations and other stakeholders in the region and beyond to create an inclusive and enabling environment for women traders, according to the statement. Read more. Source | New Times
Published on November 22, 2017
International conference organisers are upbeat following the last week’s announcement of the new visa regime.
Under the new arrangement, travellers from across the world will from January 1, 2018, receive a 30-day visa on arrival at the country’s entry points.
The development comes at a time when countries across the world are closing their borders, with most citing reasons such as insecurity and influx of migrants. However, Rwanda is proceeding with the least taken path in regards to visa policy to increase openness. Read more. Source | New Times
Published on November 22, 2017
Rwanda’s business community should take advantage of the recently installed modern infrastructure at Mombasa port to increase trade. Catherine Mturi-Wairi, the Kenya Ports Authority managing director, has said.
Mturi-Wairi said the authority is committed to facilitating regional trade through provision of efficient and convenient services, adding that they look to raise and sustain the port performance to world class standards.
“We are working on a plan that will further reduce unnecessary delays at the port. Already, we have expanded yards and berths to handle more cargo, revamped the ICT system for faster document processing, and modernized cargo handling equipment. Read more. Source | New Times