Trending
- Kenya-Ethiopia Trade Relations: Legislators Advocate for Policy Alignment to Boost Ties
- Visualising the state of debt in Africa 2024
- Abu Dhabi radiates optimism as over 300 startups join AIM Congress 2024
- TLcom Capital Raises $154 million in Funding to Boost Its African Growth
- Africa’s $824Bn debt, resource-backed opaque loans slowing growth — AfDB
- LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
Browsing: Trade barriers within the EAC region
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 …