In 2006, Rwanda and the United States signed a Trade and Investment Framework Agreement (TIFA), aimed at giving Rwanda the opportunity to take advantage of the US market through duty-free exports. Results: Rwandan exports to the USA have grown by 8%, while imports from America went up by 27%.
A ’white document’ meant to facilitate negotiations between regional economic blocs and the European Union (EU) under the Economic Partnership Agreements (EPAs) has been finalised.
The issue of overlapping membership will be a major area of focus during the first joint meeting of Heads of Government, of the three Regional Economic Communities (REC)’s, in Eastern and Southern Africa, namely the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and the Southern African Development Community (SADC).
Parliament will Wednesday hold a joint consultative seminar on the role of Parliament and the private sector in the ongoing negotiations expected to pave way for signing the Economic Partnership Agreements (EPAs).
The presidents of the United States and Rwanda signed a trade agreement Tuesday, saying the pact urges US companies to consider Rwanda a good investment.
The Office of the US Trade Representative and the US Department of State has announced that the United States and Rwanda have begun formal negotiations toward a Bilateral Investment Treaty (BIT) that would strengthen investor protections and encourage the continuation of market-oriented economic reforms in Rwanda.
The Belgian Minister for Foreign Affairs is expected in Rwanda this week to seal trade and investment frameworks with the Rwandan government.
On the final day of the annual forum on the Africa Growth and Opportunity Act (Agoa) last month, the United States and Rwanda signed a bilateral agreement aimed at increasing trade flow between the two countries.
The United States and Rwanda today signed an agreement aimed at deepening and strengthening trade and investment ties between the two countries.
President Kagame, who was officially opening the 21st Common Market for Eastern and Southern Africa (COMESA) Council of Ministers meeting at Hotel Intercontinental, said that while Africa is keenly negotiating for a fairer international trade system, it had done little to open up its markets with conducive investment climates and policies.
The government has crossed the threshold in reviewing the Free Trade Agreement with Rwanda and Burundi.
Uganda has been urged to sign free trade agreements with Rwanda and Burundi in order to waive customs duties.