Framework to facilitate East African Community cross border trade of food and cosmetics products
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Date
2020
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Publisher
East African Community
Abstract
The East African Community (EAC) has made substantial and steady achievements in its integration process, progressing from a Customs Union in 2005 to a Common Market in 2010. At the heart of these milestones, is the quest for the full liberalization of intra-EAC trade by progressively transforming into a single market and increasing its share of trade in the global market for the socio-economic transformation of her people.
Promotion of intra-regional trade remains a key cornerstone as the EAC Partner States move towards the full realization of the benefits of the integration. Statistics show that intra-EAC trade remains low at about 12% (EAC trade and investment report, 2018) compared to other economic blocks such as SADC where Intra-regional trade is at approximately 46% and EU at approximately 67%. This is mainly as a result of non-tariff measures or barriers (NTBs) in form of restrictive trade policy measures and technical requirements.
Description
EAC framework
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Citation
East African Community. (2020). Framework to facilitate East African Community cross border trade of food and cosmetics products. East African Community