Kenya has again appealed to Uganda for a joint strategy on accessing the European market through the stalled EU/EAC Economic Partnership Agreement (EPA).
AfCFTA was supposed to usher in a new era of continental trade and economic growth—but Beijing’s not letting that happen.
Kenya is engaging South Korea for a trade deal that will see reduction or complete removal of duty on exports to the Asian country, mainly on coffee and agricultural produces.
The EU-Kenya agreement to implement the Economic Partnership Agreement originally planned with the entire East African Community unties the Gordian knot between its supporters and opponents among African countries in the short term, but has long-term consequences beyond the divergence of tariffs towards the EU.
The Ministry of Trade should ensure that eventual agreements promote Uganda’s aspiration for industrialisation and provide the policy space for government to be able to use a range of trade policy instruments.
Civil society groups are now calling on governments to reform their investor state dispute settlement because “it is being unfairly used by investors to sue states for millions of dollars.”
Most Bilateral Investment Treaties (BITs) are not just used by investors to inform their investment decisions, but are increasingly becoming tools used to sue States in a foreign or international court.
Uganda, in many ways like Nigeria, will investigate concerns by a sector of the business community before making major commitments.
It is not yet clear why Museveni decided to cancel the trip, but local commentators believe that this suggests the deterioration of relations between Kigali and Kampala.
The Ugandan Cabinet has approved the ratification of the EAC-COMESA-SADC Tripartite Free Area Agreement (FTA), paving way for the implementation of the Agreement.
Japan is pushing for a bilateral agreement with Uganda in a bid to expand and strengthen trade and investment between the two countries.
The East African Community is once again facing a delicate diplomatic situation as it seems now more than ever that, after protracted negotiations, member states may have to just agree to disagree on the Economic Partnership Agreement.
Uganda is prepared to delay the signing of the Economic Partnership Agreement (EPA) after Tanzania, one of the East Africa Community (EAC) partner states, raised the red flag.
The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year Uganda joins the rank of developing nations asking themselves: “Why have we ever signed this?”
L’Ouganda est prêt à mettre en œuvre l’accord commercial bilatéral que les présidents Yoweri Museveni et Uhuru Kenyatta ont signé.
Most of the clauses in the agreement — to be signed this month in Cairo — have been finalised, apart from the preamble and the rules of origin.
East Africa is under pressure to sign the Economic Partnership Agreement with Europe by the end of September. NTV reports.
While the EU boss in Uganda is quick to point out that the date is neither an ultimatum nor a deadline, come Oct. 01 the EU will withdraw its free market access to countries like Uganda that have not yet ratified an Economic Partnership Agreement.
“The EAC states wont access European markets if we don’t sign EPA by October 1 but how prepared are we when some clauses are still not agreed upon?” Jane Nalunga, SEATINI Uganda country director, asks.
Economic experts have supported the recent decision taken by the government of Uganda to join the COMESA FTA, saying it would increase the volume of Ugandan exports to the COMESA FTA and promote the country’s economic growth.