Browsing: East Africa Community(EAC)

EAC countries rank among world’s rising stars of global trade

East African Community (EAC) countries rank among the top 20 global trades markets with the potential to grow their economies.

This is despite the existing trade disputes and prevalence of non-tariff barriers (NTBs) in the region.

A new study carried out by the British Standard Chartered Bank shows that Kenya leads the East Africa region in terms of putting in place the right foundations to support future growth trade such as physical and digital infrastructure, e-commerce and ease of doing business.

Uganda and Tanzania followed while Rwanda and Burundi were not included in the study.
Kenya was ranked second after china globally with Uganda coming at number 17 and Tanzania number 19.

According to the report, Kenya is the only East African Community country that has improved its trade readiness, which is paying off through investments in infrastructures and improvement in its business environment.
Tanzania has made significant steps in …

Tanzania has opened up its borders for an alcoholic drink from Kenya which had been barred entry since March this year afer advocacy by the East African Business Council. Smirnoff Ice Black had been denied entry into Tanzania since March 2019.

Tanzania has opened up its borders for an alcoholic drink from Kenya which had been barred entry since March this year.

This is in the wake of the ongoing Public- Private Dialogue(PPD) with trade facilitation agencies at One-Stop Borders across the East Africa Community, aimed at adressing cross-border barriers.

READ:Kenyans lament trade discrepancies with Tanzania

The initaive is under a TradeMark East Africa(TMEA) and East African Business Council (EABC) programme which scrutinizes if EAC agreements and practices are easing doing business across borders.

The PPDs focus is on the extent to which partner states are translating the EAC Common Market and Customs Union Protocols into policies that support the actualization of free movement of goods and people.

The debut EABC Public-Private Dialogue with Trade Facilitation Agencies at Namanga One-Stop Border Post brought together officials from Ministries of EAC Affairs, immigration, bureaus of standards, plant and animal health, sanitary and