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Towards an East African Common Market: Why trade policy matters

Published on May 28, 2015

One of the key pieces of the East African Community's integration agenda is the establishment of a common market. Through The Protocol on the Establishment of the East African Community (EAC) Common Market ratified on July 1, 2010, the EAC Partner States - Kenya, Tanzania, Uganda, Rwanda and Burundi - seek to boost trade and investment in the region by ensuring free movement of goods, labor, services and capital.

Putting the right policies in place and eliminating those that create barriers to trade is a major part of making this possible. A key milestone in this regard was the recent passing of the Non-Tariff Barriers (NTB) Act by the East African Legislative Assembly (EALA).

Trade policy can either promote more trade and economic development or hamper trade and the flow of goods and services in markets thereby limiting economic growth. The right policy can make a big difference in ensuring the prosperity of the people of East Africa; that is why the East Africa Trade and Investment Hub is supporting the EAC get the right trade policies in place. (Click on the image to view the full size).