Trending
- Nigeria inflation cools in August, but analysts warn dip could be short-lived
- Africa’s race against time: Why climate adaptation can’t wait
- Fertilizer giant OCP Group and IFC sign $108M deal to tackle Morocco’s water crisis
- Why Ghana’s new-look $60M Jamestown Fishing Port is catalyst for jobs growth
- Unleash your creativity: UAE Engineering Award welcomes innovators
- China’s 6,000-troop training program in Africa: What’s the real agenda?
- How FOCAC 2024 paved the way for deeper China-Africa collaboration
- TAZARA reborn: China, Tanzania sign landmark railway revamp agreement
Browsing: Status of EAC free trade zone
- The EAC’s distribution sector is marred by systemic challenges, despite claims of a working free trade zone in the bloc.
- Stakeholders say that persistent bottlenecks hamper the flow of goods and services across the eight-member area.
- A recent EU-led EAC Peer-to-Peer Learning Conference sought to formulate a strategic action plan to address barriers limiting the industry’s growth and development.
The East African Community (EAC) is an eight-country strong regional free trade bloc in East Africa, by definition, it should mean easier movement or distribution of goods and services, but that’s only true on paper, the reality on the ground is quite on the contrary.
EAC maintains that it is “dedicated to enhancing economic efficiency and fostering regional integration through strategic investments and the utilization of established industries. The goal is to position the Community as a single investment area, harmonizing trade policies, investment incentives, and product standards.”
Protocols demand that …