The East African Community (EAC) has reached a common position on the Economic Partnership Agreement (EPA) which it intends to sign with the European Union.
East African Community (EAC) states and the European Union (EU) have reached a new deal in protracted negotiations of Economic Partnership Agreements (EPAs).
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.
Kenya Human Rights Commission and others demand extension of September 30 deadline to sign the pending trade deal between the East African Community and EU on the grounds that failure to reach agreement will hurt half a million horticultural workers, mostly women.
With the East African Community under pressure to sign the Economic Partnership agreement with Europe, pressure is emerging from elsewhere: the US. Civil society warn of the dangers.
A senior Kenyan Government officer who wished not to be named confirmed that Tanzania has been dragging its feet in embracing the new EU trade deal. “This might prompt Kenya to sign the agreement alone," he said.
East African countries are scheduled to hold a meeting in September to resolve outstanding issues in order to conclude negotiations on the Economic Partnership Agreement (EPAs) with EU.
Godfrey Ssali from the Uganda Manufacturers Association explains what is behind the current deadlock between the East African Community and the European Union on the negotiations underway to agree a set of Economic Partnership Agreements
Negotiations to set up a grand free trade zone encompassing 26 countries in eastern and southern Africa are progressing well and may be completed in 2015, a year before schedule, SADC officials reveal.
At a high level conference on the EAC-EU EPA negotiations in Entebbe recently, experts in trade and regional integration argued that the EAC should not be bound by the pressure of the EU deadline.
Three remaining contentious issues will be dealt with by next month, according to the Kenyan government, which will be good news for horticulture farmers who have been worried that their market access will be compromised if Kenya loses its privileges in the EU market.
African high-level officials indicated recently that negotiations for the establishment of a free-trade area spanning three major regional economic communities in Africa have progressed well and could conclude by the end of this year.
African countries need to look at the possibility of fast-tracking the tripartite Free Trade Area if hopes of an improved intra-African trade are to be met anytime soon, according to the African Union Commission
“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.
There’s a strong feeling among experts in East Africa that by insisting on the inclusion of the "most favoured nation", the EU is holding the region at gunpoint to accept a clause that would legally tie their hands regarding who to trade with besides Europe.
Ministers from East Africa Community Partner States and the European Commissioner for Trade met in Brussels on 30th January 2014 to conclude three days of negotiations on the Economic Partnership Agreement.
Twenty-six eastern and southern African nations are making progress toward agreeing on a free trade area that will create a market with nearly 600 million people and combined gross domestic product of $1 trillion, South African President Jacob Zuma said.
Three regional economic communities in Africa — COMESA, EAC and SADC — are expected to sign an agreement this year to establish an enlarged market covering 26 countries in eastern and southern Africa.
The East African Community ministers responsible for EPA negotiations with the EU have agreed to use diplomacy to resolve the outstanding issues, as the clock ticks towards the 2016 deadline.
Negotiations between three trade blocs in Africa to create a free trade area were running behind schedule in terms of reaching their 2014 deadline but were nevertheless progressing, South Africa Trade and Industry Minister Rob Davies said last week.