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Browsing: Trade and agreements
- The East African Community (EAC) should boost its transactions under the existing regional and international trade agreements and opportunities
- EABC Chairperson Angelina Ngalula said agreements including African Continental Free Trade Area (AfCFTA), and African Growth and Opportunity Act (AGOA) would be beneficial
- Data shows that Intra-EAC trade is below 20 per cent, while intra-African exports are 18 per cent of total exports
The East African Community (EAC) should boost its transactions under the existing regional and international trade agreements and opportunities.
East African Business Council Chairperson Angelina Ngalula said the bloc could benefit from the African Continental Free Trade Area (AfCFTA), African Growth and Opportunity Act (AGOA), and the Economic partnership agreement.
Quoting statistics, Ngalula noted that intra-EAC trade is below 20 per cent, intra-African exports are 18 per cent of total exports, and EAC exports to AGOA are valued at USD 5.26 billion, while EAC exports to EU stood …