The pact signed on Wednesday could hasten the proposed African Economic Community but may come too soon, especially for Kenyan manufacturers.
The first Tripartite Comesa-EAC-SADC Council of Ministers that opened on Monday at Munyonyo Commonwealth Resort seeks the summit of heads of state and governments to endorse the creation of a free trade area which will cut across the three Regional Economic Communities (RECs) and institutionalise it by giving it a legal underpinning.
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).
Leaders from 26 African countries meet in Kampala today at a summit called to harmonise and coordinate trade, customs and infrastructure development in the East and Southern African region.
The tripartite summit, which starts on Saturday with a meeting of permanent secretaries, will bring together member states of the Common Market for Eastern and Southern Africa (Comesa), the East African Community (EAC) and the Southern African Development Community (SADC).
The Minister for East African Community, Amason Jeffah Kingi, is scheduled to lead the Kenyan delegation to the 18th meeting of the East African Community (EAC) Council of Ministers Meeting slated for October 15-23, 2008 in Kampala, Uganda.
The first ever tripartite summit of the East African Community, the Common Market for East and Southern Africa and the Southern Africa Development Community takes place in Kampala this week.
East Africa’s increasingly frosty economic ties with the West took a turn for the worse last week when the region’s parliamentarians called for their governments to scrap the interim Economic Partnership Agreement with the European Union.
The plan to merge 26 eastern and southern African states into a single trading bloc with a combined gross domestic product of $625 billion is complete and ready for heads of State to sign-off next month.
The East African Community is to conduct a regional manpower survey to establish the workforce base in the regional market ahead of coming into effect of the Common Market for East Africa in 2010.
Border barriers remain the biggest challenge to the realization of cross-border trading within the East Africa Community, EAC.
The East African Community (EAC) has signed an agreement that will remove non tariff barriers and allow free movement of food and trade in the region.
The United States signed a pair of agreements on Wednesday to boost trade and investment ties with countries in southern and eastern Africa, the US Trade Representative’s office said.
To thwart a deepening food crisis on the continent, the UN Food and Agriculture Organisation is proposing the creation of a Free Trade Area (FTA) for Africa that will facilitate a seamless flow of strategic commodities across national borders while maintaining high profit margins.
Parliamentarians are pressurising Uganda to revoke the interim trade agreement signed between the European Union and the East African Community.
The European Union has commended the East African Community for striking "a good deal,"following the initialling of an interim Economic Partnership Agreement (EPA) at the end of last year.
Trade ministers from Comesa have passed a resolution setting the stage for the establishment of what would be Africa’s largest common market. The ministers want trade regimes within the Common Market of Eastern and Southern Africa (Comesa), the Southern African Development Community (SADC) and the East African Community (EAC) harmonised.
The East African Community (EAC) is preparing to negotiate a Trade and Investment Framework Agreement (TIFA) with the United States.
East Africa’s signing of an interim trade pact with Europe has come under heavy criticism for dividing Africa as well as undermining the continent’s integration efforts. Interview with the Common Market for Eastern and Southern Africa (Comesa) Secretary-General Erastus Mwencha.