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Browsing: Fastest growing trading bloc
The opportunities for trade in the DRC are huge for the EAC—the value of goods the country imported in 2019 stood at US$6.6 billion. EAC exports to the DRC in 2018 stood at US$855.4 million, representing 11.5 % of total DRC imports while China dominated as the top exporter with a 31.2% share.
In June 2019, through a letter to the EAC Chairman, Congo officially made a request for its admission into the EAC. This is obviously because the country wants to reap from the benefits presented by the bloc as it has tremendously expanded in the past two decades, growing from the original three partner states which are Kenya Uganda and Tanzania to its present six member states.
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