Kenya surrendered its customs space to the bloc in 2005 when it signed its customs union protocol. The rulebook compels member states to negotiate all trade pacts jointly.
Pakistan is already in touch SACU, ECOWAS and EAC to negotiate trade agreements and also plans to take advantage of the opportunities that exists under the African Continental Free Trade Agreement.
Resolving these issues is crucial for EAC’s approach to opportunities from the African Continental Free Trade Agreement as a bloc.
Namibia has become the eighth country to ratify the Tripartite Free Trade Area. Six more countries are required for the agreement to enter into force.
Cabinet in Zimbabwe has approved the ratification of the COMESA-EAC-SADC Tripartite Free Trade Area (TFTA).
EAC’s increased exports to SADC excluding Tanzania was as a result of the increased benefits arising from the membership to the EAC-COMESA-SADC Tripartite.
This study identifies issues and challenges of the African Continental Free Trade Area (AfCFTA), with a focus on East Africa.
Players in the automobile sectors from the East African Community and the Southern African Customs Union are developing a joint policy to encourage motor vehicle manufacturing that is beneficial to both blocs.
Two months to the East African Community’s Summit, partner states are keeping the European Union guessing over the controversial Economic Partnership Agreement (EPA) whose signing stalled in 2016.
The TFTA will also be a building bloc for the African Continental Free Trade Area, COMESA official said.
The EAC negotiated and concluded a bilateral trade agreement with the EU as a bloc, and it must remain as such, say sources at the European Commission.
Members of the Lower House approved the agreement establishing a Tripartite Free Trade Area among the Common Market for Eastern and Southern Africa, the East African Community, and the Southern African Development Community.
The African Continental Free Trade Area (ACFTA) will be launched on 7 July 2019 in Niamey, Niger, by the Heads of State and Government at an extraordinary summit of the African Union.
German scholar Prof Helmut Asche today April 15, said that Tanzania has good reasons not to sign the Economic Partnership Agreements (EPAs) with the European Union (EU).
The deadline set by the Tripartite Council of Ministers for member States of three regional economic blocs to sign and ratify the tripartite free trade area lapses this month.
There is seemingly little economic incentive for Tanzanian President Magufuli to sign up to the EPA. Tanzania could already export its goods to the EU market under the ‘Everything But Arms’ agreement.
Tanzania is in talks with EU to resolve some technicalities and will only sign the agreement after all its issues have been ironed out.
Seatini said East African countries should find alternative ways to finance development projects rather than depend on public-private partnerships and bilateral investment treaties, which have cost the region dearly.
The UK-Eastern and Southern Africa (ESA) Trade Continuity Agreement is meant to replicate the Economic Partnership Agreement that the East African Community is yet to sign with the European Union.
The discussion on the EPA took place during the East Africa Community summit, with Tanzania insisting that it must be allowed more time to send experts to EU headquarters in Brussels, Belgium, to present its grievances.