For Online E-newspaper
The East African : Dec 1st 2014
NOVEMBER 29-DECEMBER 5, 2014 The EastAfrican EAC @ 15 Special advertising section 19 External help and influences fect on consume≥ welfa≥e, and not to have a potentially negative impact on EAC indust≥ialization. 17.4 pe≥ cent of EAC impo≥ts f≥om EU will be excluded f≥om libe≥alization (1,390 ta≥i≠ lines). EAC List of sensitive p≥oducts included in this catego≥y (59 ta≥i≠ lines). Beyond the elimination of cus- toms duties, the Ag≥eement cove≥s impo≥tant issues, such as f≥ee movement of goods, coope≥ation on customs and t≥ade facilitation, t≥ade defence inst≥uments, economic and development coope≥ation, all of which mi≥≥o≥ the e≠o≥t of the EAC to st≥engthen its Customs Union and to set up an e≠ective inte≥nal ma≥ket. In 2013, total t≥ade between the EU and the East Af≥ican Community amounted to €5.8 billion. The EU impo≥ts f≥om the EAC a≥e wo≥th €2.2 billion and consist mostly of co≠ee, cut flowe≥s, tea, tobacco, fish and vegetables. Expo≥ts f≥om the EU into the EAC, mainly machine≥y and mechanical appliances, equipment and pa≥ts, vehicles and pha≥maceutical p≥oducts, amount to €3.5 billion. EAC-US Trade and Invest- ment Partnership All EAC Pa≥tne≥ States comply with eligibility c≥ite≥ia unde≥ the Af≥ican G≥owth and Oppo≥tunity Act, 2000 (AGOA). They a≥e the≥efo≥e allowed to expo≥t to the U.S. mo≥e than 6,400 p≥oducts quota f≥ee duty f≥ee. In ≥ega≥d to the total t≥ade be- tween the EAC and U.S., t≥ade has inc≥eased f≥om $ 2,372 million in 2000 to $ 3,167 million in 2013. Expo≥ts to U.S. f≥om the EAC have inc≥eased f≥om $186 million to $577 million while impo≥ts inc≥eased f≥om $328 million to $1,184 million in the same pe≥iod. The EAC Pa≥tne≥ States and the United States have a T≥ade and Investment F≥amewo≥k Ag≥eement (TIFA) which was signed in 2008, and a≥e cu≥≥ently engaged in a T≥ade and Investment Pa≥tne≥ship comp≥ising a Coope≥ation Ag≥eement on T≥ade Facilitation, SPS and TBT; a p≥oposed Regional Investment T≥eaty, continued T≥ade Capacity Building Assistance and a Comme≥cial Dialogue. By Richa≥d Sezibe≥a Sec≥eta≥y Gene≥al Children walk home from the farm, carrying a harvest. In order for the region to compete with other blocs it has to mechanise not only its agriculture but also other sectors of manufacturing.
Nov 24th 2014
Dec 8th 2014