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Browsing: Economic cooperation
- DRC Joins the Organisation of Southern Cooperation after depositing the Instrument of Acceptance
- Secretary-General Manssour Bin Mussallam received the Instrument of Acceptance.
- The OSC, aimed at fostering cooperation and development among Southern Hemisphere countries
The Republic of the Congo has consolidated its full membership status of the Organisation of Southern Cooperation (OSC) by depositing the Instrument of Acceptance by Daniel Owassa, Ambassador of the DRC to Ethiopia and Permanent Representative to the African Union.
Secretary-General Manssour Bin Mussallam received the Instrument of Acceptance at a handover ceremony yesterday at the OSC Headquarters in Addis Ababa.
The Republic of the Congo is a founding member of the OSC. The depositing of the Instrument of Acceptance signifies the completion of the full membership process by countries in the Global South.
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H.E. Bin Mussallam said the occasion marked the beginning …
- Non-tariff trade barriers are restrictions trade blocs impose to further their political and economic goals.
- Kenya and Tanzania are working on resolving non-tariff trade barriers that have stifled business between East Africa’s largest economies.
- Kenya is a crucial partner for Tanzania and is the largest source of African Foreign Direct Investment in Tanzania.
The East African Community
Countries have adopted regional trading blocs as a strategy to increase global competitiveness. The East African Community (EAC) member states are dedicated to enhancing economic efficiency and fostering regional integration through strategic investments using established industries.
EAC aims to position the Community as a single investment area, harmonising trade policies, investment incentives, and product standards.
At the beginning of its operations, EAC ended non-trade barriers (NTB) between member countries intending to liberalise trade. However, this affected the NTB imposed by the members, especially Kenya and Tanzania, who are critical traders in the market.…