The pursuit of a new trade pact between Washington and Kenya is eliciting old fears on whether it could hurt adherence to obligations under the East African Community, and hence continental ambitions for more commerce.
The UK has demanded that Kenya abide by the provisions of the Economic Partnership Agreement and that its exports to Kenya be exempted from the newly raised East African Community tax charges.
The ECT Secretariat, whose survival depends on continuation of the treaty, continues to lobby these countries to take additional steps towards acceding to the Energy Charter Treaty.
The EAC-COMESA-SADC Tripartite FTA agreement has a total of 29 member countries representing 53% of the AU membership and more than 60% of the Africa Continent GDP ($1.88 Trillion) with a population of over 800 million people.
The East African Community (EAC) partner states have been challenged to increase their volume of transactions under regional and international trade agreements.
Currently, trade between partners is at 20 percent, lower than the expectations of leaders at the time of the launch. EAC members are trading more with countries outside the bloc than partner states..
The draft ministerial regulation states that goods produced in SEZs shall be treated as originating goods provided they satisfy the rules of origin, member states are yet to agree on import duties being paid on the inputs of these products.
“Kenya will incur the largest loss at $14.2 million, followed by Uganda at $13.5 million. Tanzania is estimated to register revenue loss of $5.3million, Burundi $4.3million and Rwanda $ 3.9,” the Economic Policy Research Center (EPRC)shows.
Six countries drawn from three regional economic blocs are yet to ratify the African Continental Free Trade Area (AfCFTA), delaying its implementation more than a year after it was formally launched in January 2021
The East African Community (EAC) is developing a strategy to boost trade-in-services, which will position the bloc better in the negotiations of service liberalisation at the continental level.
We the members of the East African Trade Network (EATN) call upon the Government of Tanzania and the East African Community (EAC) not to waver and be stampeded into signing the EPA.
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).
The EU and Kenya agreed to advance negotiations on an interim Economic Partnership Agreement. The iEPA will be complemented by binding commitments on environmental protection, climate and labour rights.
Signing the long-awaited economic partnership agreement with the East African Community (EAC) regional bloc remains off the agenda, according to the Tanzanian Ministry of Investment, Industry and Trade.
The East African Community could finally sign the new Economic Partnership Agreement (EPA) with the European Union this month as a bloc after Tanzania changed its initial stance.
The preparations for the negotiations of the Investment Protocol under the AfCFTA agreement (The Agreement) are already underway though still in the early stages.
Total foreign direct investments from the US to Tanzania was $1.5 billion in 2019. Tanzania is followed by Kenya - which received $353 million in the same year.
France-Kenya ties have intensified during the tenures of presidents Kenyatta and Macron. Franck Riester, France Minister Delegate for Foreign Trade and Economic Attractiveness, is leading a delegation to Kenya for a two-day visit.
At the opening ceremony of the Beijing Summit of the Forum on China-Africa Cooperation held in September 2018, Chinese President proposed that China would launch eight major initiatives in close collaboration with African countries.
The East African Community Secretary General urged the AfCFTA Secretariat to adapt an integration approach that is people-centred, market-driven and private sector-led, to ensure African citizens benefit from the continental agreement.