EAC trade and investment report 2020
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Date
2020
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Publisher
East African Community
Abstract
The East African Community offers a large market for trade in merchandise and services. With a population of about 186.9 million consumers alongside millions of others from inter-regional trade with other African blocs, the region’s demand for goods and services is quite high. Also, the abundance of most precious natural resources ranging from minerals to oil to gas to fish to arable land to beautiful climate to tourist attractions to quality human capital to ease of access to finance, and the region’s strategic location in the world makes it the best destination for foreign investment. Most recently, the Region has improved infrastructure, such as roads, ports, airlines, electricity and telecommunication, and enjoys good governance of the Partner States, which enhances the conduciveness of the environment for local and foreign investors.
The EAC Secretariat has continued to strengthen the Community Protocols and Partner States have been committed to ensuring a smooth flow of people, goods and services by removing barriers to trade and investment. Consequently, export and import trade comprising agricultural goods and manufactured goods is liberalised. Intra-EAC trade has continued to grow with trends showing that each Partner State is gaining a significant share of the EAC market.
Description
Annual report
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Citation
East African Community. (2020). EAC trade and investment report 2020. East African Community