EAC trade and investment report 2017:
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Date
2017
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East African Community E
Abstract
The East African Community (EAC) has a total population of about 168.2 million with a combined GDP of US$ 155.2 billion and an annual growth of 5.6 percent. As one of the fastest growing regional integration areas, growth in the EAC was driven by: A progressive manufacturing sector characterised by agro-processing and industrial production; A buoyant services sector especially construction, tourism and banking; and an export sector consisting of commodities especially tea, coffee, horticulture and gold. The region possesses significant amounts of extractives resources, which include oil, gas, high value minerals and abundant renewable energy generation potential.
This Report aims at providing a detailed analysis of the trends for the year, synthesise the challenges and prospects for enhancement of trade and investment in the region. The Report provides a platform for stakeholders, academics and policy makers to review the status of trade and investment, examine the challenges and address the proposed policy recommendations to drive the region to bolster links with the global economy. The EAC strategy for trade and investment enhancement includes signing agreements with other countries and trading blocs to promote trade and investment. Notably, the EAC-COMESA-SADC Tripartite FTA, the AfCFTA and the EAC-U. S Trade and Investment Partnership Agreement registered good progress during the period under review, although implementation challenges existed.
Description
Annual report
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Citation
East African Community. (2017). EAC trade and investment report 2017: accelerating market-driven integration. East African Community