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Trade

Burundi to set up National Competition Agency to promote competition and consumer welfare

East African Community Headquarters, Arusha, 24th October, 2022: The Republic of Burundi is on verge of setting up a National Competition Agency to encourage competition and enhance consumer welfare in the country. 

Burundi’s Minister for Trade, Transport, Industry and Tourism, Madame Marie Chantal Nijimbere, made the announcement when she met the Registrar of the East African Community Competition Authority (EACA), Ms. Lilian Mukoronia, in Bujumbura, Burundi.  

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22nd EAC Micro, Small and Medium Enterprises (MSMEs) Trade Fair set for Kampala, Uganda

East African Community Headquarters, Arusha, 20th October, 2022: Preparations for the 22nd Edition of the East African Community (EAC) Micro, Small and Medium Enterprises (MSMEs) Trade Fair, popularly known as the Jua Kali/Nguvu Kazi Exhibition, are in high gear.

The 22nd edition of the annual EAC Jua Kali/Nguvu Kazi Exhibition, which will be held under the theme “Buy East African to Build East Africa for Resilience and Sustainable Development,” is expected to attract more than 1,000 artisans from all the seven (7) EAC Partner States.

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African countries urged to prioritise infrastructure development to promote intra-continental trade

East African Community Headquarters, Arusha, Tanzania, 7th June, 2022: African countries have been called upon to prioritise infrastructure development even as they advocate free intra-continental trade through African Continental Free Trade Agreement (AfCFTA) framework.

Tanzania’s Minister for Foreign Affairs and East African Cooperation, Hon. (Amb.) Liberata Mulamula said that interconnectivity across Africa was crucial if the continent was to exploit its vast potential for industrialisation, trade and investment.

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EAC Ministers adopt 35% as the EAC CET 4th Band

East African Community Headquarters, Arusha, Tanzania, 6th May 2022: East African Community (EAC) Ministers / Cabinet Secretary in charge of Trade and Finance have adopted 35 percent as the 4th Band of the EAC Common External Tariff (CET).

The Ministers, during a retreat on the comprehensive review of the CET, held on 5th May 2022, in Mombasa, Kenya, decided that implementation of the reviewed EAC CET shall commence on 1st July, 2022.

The meeting further agreed that there should be flexibility in implementation of the revised CET, particularly on products currently affected by the current global economic realities.

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EAC working with EU Technical Groups on Economic Partnership Agreements (EAPs)

East African Community Headquarters, Arusha, Tanzania, 24th February 2022: The EAC Partner States are currently engaging in internal consultations with a view to ensuring that they are involved in the EAC-EU Economic Partnership Agreements (EPA). 

EPAs are trade and development agreements negotiated between the EU and African, Caribbean and Pacific Partners engaged in regional economic integration processes.

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Uganda commits to conduct free Covid-19 test to ease Busia-Malaba trucks traffic snarl-ups

East African Community Headquarters, Arusha, Tanzania, 11th January, 2022: The Republic of Uganda has committed to conduct free Covid-19 rapid tests at the Kenya-Uganda border points of Busia and Malaba for (seven (7) days to clear the truck traffic snarl-up that has disrupted intra-EAC trade on the Northern Transit Corridor. 

This follows a joint multi-sectoral virtual meeting of the Ministers/Cabinet Secretaries responsible for EAC Affairs, Health and Transport convened by the EAC Secretariat. 

Currently, over 4,500 trucks have stalled at the two border posts due to the mandatory Covid-19 testing requirement introduced by Uganda on 20th December, 2021. 

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Prof. Kitila Mkumbo, Minister of Industry and Trade cuts the ribbon to officially open the 21st MSMEs Trade Fair

Micro, Small and Medium Enterprises play a crucial role in the economic development of the region, says Secretary General

East African Community, Mwanza, Tanzania, 6th December, 2021The EAC Secretary General Hon. (Dr.) Peter Mathuki said Micro, Small and Medium Enterprises (MSMEs) play a crucial role in the economic development of East African countries, accounting for 90% of businesses and 80% of employment especially among youth and women. 

Speaking during the official opening of the 21stMSMEs Trade Fair at Rock City Grounds, Mwanza, United Republic of Tanzania, Dr. Mathuki reiterated that EAC Partner States still have a critical role in enabling MSMEs growth to ensure long term sustainability and recovery by promoting programs that prioritise MSMEs to spur demand for quality finished goods and progressively improve the region’s competitiveness.  

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EAC bloc inches closer to finalising AfCFTA Tariff Offers

East African Community Headquarters, Arusha, Tanzania, 16th November, 2021: The East African Community is making strides in conforming to trading requirements under the African Continental Free Trade Area (AfCFTA), with plans underway to finalize the EAC Tariff Offer. 

The EAC Sectoral Council on Trade, Industry, Finance and Investment (SCTIFI) has directed the EAC Secretariat to convene meetings with experts, by 15th December 2021, to finalize the EAC Tariff Offer. 

The EAC Tariff Offer currently stands at 85.86% against the AfCFTA modalities of 90%.

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Kenya’s Cabinet Secretary for Trade and Industrialization, Ms. Betty Maina, with EAC Secretary General Hon. (Dr.) Peter Mathuki before the opening of the Ministerial Session of the 39th Meeting of the Sectoral Council of Ministers of Trade, Industry, Finance and Investment at the EAC Headquarters, in Arusha, Tanzania.

Expedite comprehensive review of EAC Common External Tariff, Partner States urged

East African Community Headquarters, Arusha, Tanzania, 12th November, 2021: East African Community Partner States have been called upon to expedite the comprehensive review of the EAC Common External Tariff (CET) in order to promote trade and industrialization in the region.

Kenya’s Cabinet Secretary for Trade and Industrialization, Ms. Betty Maina, said that the failure to conclude the review of the CET, which started in 2016, was providing leeway to products from other parts of the world to flood the EAC Common Market at the region’s expense. 

Ms. Maina said that conclusion of the EAC CET would enable the region to trade more with itself in addition to promoting the growth of domestic industries in East Africa.

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Meeting of the Sectoral Council on Trade, Industry, Finance and Investment underway

East African Community Headquarters, Arusha, Tanzania, 8th November, 2021: A five-day meeting of the Sectoral Council on Trade, Industry, Finance and Investment (SCTIFI) is currently underway via hybrid (physical and virtual) means.  

The SCTIFI meeting kicked-off with the Session of Senior Officials that is expected to conclude on Wednesday, 10th November, 2021. Among the items on the agenda of the SCTIFI are the: Status of Implementation of the Previous Decisions of SCTIFI; Report of the Sectoral Committee on Customs; Report of the Sectoral Committee of Trade; and; Report on Competition Matters. 

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East African Community
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