Posted in Trade
East African Community Headquarters, Arusha, 12th June, 2019: The 5th Meeting of the ad hoc EAC Competition Authority (EACA) concluded on Friday 7th June, 2019 in Dar es Salaam, Tanzania, with the swearing in of Dr. John K. Mduma, as a Commissioner of the EAC Competition Authority from the United Republic of Tanzania. The swearing in ceremony was conducted by the Counsel to the Community, Dr. Anthony Kafumbe, while the Oath of Allegiance and Oath of Secrecy was administered by the Registrar of the East African Court of Justice, Mr. Yufnalis N. Okubo.
Addressing the Commissioners on behalf of the Secretary General, Amb. Liberat Mfumukeko, the Counsel to the Community, Dr. Kafumbe commended the Commissioners for their commitment to the EAC competition agenda and noted that their work was very critical in regulating mergers and acquisitions, and handling issues of market dominance and protection of consumer welfare in the Community.
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- The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA), which was launched on 10th June 2015, aims to establish a single market for 27 African countries with a combined population of about 700 million people (57% of Africa’s population), and Gross Domestic Product above USD 1.4 trillion.
- The TFTA is built on three pillars (market integration, infrastructure development and industrial development) and there is a parallel agreement on movement of business persons. The Tripartite approach reflects the desire to advance regional integration from multiple fronts. As such, the TFTA would facilitate development of regional infrastructure for cross-border trade and lead to harmonisation of trade regimes amongst Tripartite Member/Partner States, stimulate industrial development through creation of value chains and facilitate movement of business persons.
- As part of the market integration pillar, Member/Partner States have been engaged in bilateral tariff liberalisation negotiations. The market access negotiations between the Southern Africa Customs Union (SACU), consisting of Botswana, Eswatini, Lesotho, Namibia and South Africa, and the East African Community (EAC), which consists of Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda have largely been successfully concluded.
- The conclusion of the SACU-EAC negotiations marks a significant step towards realising the benefits of the TFTA. The main aim of the SACU-EAC market access negotiations has always been to provide commercially meaningful market access for the private sector in the two regions.
- The SACU-EAC private sector will thus have access to new and dynamic markets for exports as well as new sources of inputs for domestic production processes, thereby enhancing intra-regional trade.
- Furthermore, there is emphasis on the development of regional value chains in a wide range of sectors, to deepen integration between SACU and the EAC.
- The conclusion of the negotiations provides an opportunity for the TFTA to be a building block and to have a coordinated approach for negotiations in the African Continental Free Trade Area (AfCFTA).
-ENDS-
For more information, please contact:
Mr Owora Richard Othieno
Head, Corporate Communications and Public Affairs Department
EAC Secretariat
Arusha, Tanzania
Tel: +255 784 835021
Email: OOthieno [at] eachq.org
About the East African Community Secretariat:
The East African Community (EAC) is a regional intergovernmental organisation of five Partner States, comprising Burundi, Kenya, Rwanda, Tanzania and Uganda, with its headquarters in Arusha, Tanzania.
The EAC Secretariat is ISO 9001:2008 Certified
