Browsing: TradeMark East Africa (TMEA)

Uganda is hoping to increase its trade ties with South Sudan following the completion and handover of the first phase of Nimule one-stop border post (OSBP) to the Juba government.

The Nimule one-stop border post (OSBP) is $5 million facility funded by the UK government through TradeMark East Africa (TMEA).

South Sudan customs officials will managed the Nimule one stop border post. While Elegu, the Ugandan side of the border has for a while now been operating as OSBP.

The Minister of Trade, Industry and Cooperatives, Ms Amelia Anne Kyambadde described the project as “a very important development” for not just South Sudan and Uganda but the entire EAC regional trade.

“With opening of the Nimule OSBP, I expect an exponential rise in trade. We expect to grow our trade with South Sudan by close of the year by even $500million. We would like to see our traders form orderly …

East African Community ( EAC )member states have been urged to should eliminate NTBs and implement agreed EAC directives to boost intra EAC trade to 50 per cent.

According to the East African Business Council CEO Mr Peter Mathuki, business community and officials from Trade Facilitation Agencies should embrace the vision of a borderless East Africa for trade.

Intra EAC trade is currently at 12 per cent.

Last week, EABC – and Trade Mark East Africa (TMEA) kicked off the second Public-Private Dialogue (PPD) with Trade Facilitation Agencies at Busia One-Stop Border Post to interrogate if EAC agreements and practices ease doing business across EAC borders. The EABC-TMEA Public-Private Dialogue was held with Trade Facilitation Agencies at Busia One-Stop Border Post.The PPDs focus is on the extent to which Partner States are translating the EAC Common Market and Customs Union Protocols into policies that support the actualization of free movement …

The East African Business Council (EABC) has secured US$ 3.2 million financing from TradeMark East Africa Africa (TMEA) to support trade initiatives mainly addressing barriers in the region.

This will support  implementation of a three year programme,“Integrating Public-Private Sector Dialogue (PPD) for Trade and Investment in East Africa Community (EAC) Programme”.

The partnership will support  EABC’s advocacy efforts of improving coordination, reporting and resolution of  Non- Tariff Barriers along the corridors; harmonization and adoption of East African Standards, Sanitary and phytosanitary (SPS) measures, improve adoption and harmonization of customs and  domestic tax-related policies and trade facilitation in the EAC.

To strengthen and sustain EAC’s trade and investment, it is critical that an enabling environment is in place to guarantee growth and predictability.

Public‐Private Dialogue plays a crucial role in addressing constraints, providing short‐term stimulus with long‐term impact and contribute to economic growth and poverty reduction.

The project will enhance advocacy

The apex body for East Africa’s businesses, East African Business Council has urged regional CEOs to opportunities arising from the EAC regional integration process.

This takes place even as the council in collaboration with TradeMark East Africa (TMEA) launched the regional programme on Public-Private Sector Dialogue (PPD) for Trade and Investment from 2019 to 2023.

According to EABC Chief Executive Mr Peter Mathuki said “The project aims to enhance advocacy and dialogue on transport and logistics, trade facilitation, customs & tax, standards, and NTBs at regional and country level. In addition, the programme extends beyond the EAC and incorporates the COMESA, COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) and  Africa Continental Free Trade Area (AfCFTA).”

“Public-Private Dialogue can facilitate the trade & investment climate reforms by promoting better diagnosis of investment climate problems, transparency and inclusive design of policy reforms making policies easier to implement. TMEA launched this new partnership with …