The slow pace of East African Community integration has sent a strong signal to business executives that it may impede the development of countries making up the East African Community Block.
Business executives and specialists from the East African community region want policymakers from member states to fast-track the implementation of protocols which have been agreed upon if complete integration is to be attained.
The IPP Media reports that the accelerated pace of the EAC development has been seen in Tourism, communications, customs, and movements across borders, but important projects such as infrastructures have stalled.
The Slow pace of EAC integration hurts Business.
Experts say that the slow pace at which the EAC protocols are being implemented should hurt business, lose motion of products and those in addition to the complete integration process, and referred to as on companion states to urgently adopt criminal and regulatory reforms.
As an example, whilst the region should sell free movement of goods, Kenyan traders say they pay a 25 percent levy on confectioneries exported to Tanzania. That is due to the fact Tanzania says it isn’t happy that the industrial sugar used to fabricate sweets, biscuits, and chocolates from Kenya is not zero-rated in terms of import duty, in line with officials, reports The New Times.
Lillian Awinja, the outgoing leader executive Officer of the East African Business Council (EABC), said that, in spite of the protocols in place and the progress registered so far, their implementation is shifting at a sluggish tempo, derailing the integration pace.
“We need to consolidate and make certain that we have an operational customs union. The manner we’re operating, there is lots that isn’t running, there are choices we make and negate the truth that we are in a customs union,” she said.
Integration, not an easy technique.
Richard Othieno Owora, the pinnacle of Communications on the EAC secretariat, said the closing timetable become having a political authority that is devoted, which he stated is there and the rest will be accomplished. It’s far a count of time, he says.
“We are aware of each issue in each partner state and we have a specific desk which handles political issues of integration agenda and it is also at the highest summit level, these individual happenings in the partner states will not override what integration agenda is about,” he said.
The EAC STAKEHOLDERS WORRIED OVER SLOW PACE OF IMPLEMENTATION OF KEY INTEGRATION DECISIONS.
Stakeholders and policymakers in the East African Community (EAC) integration process are concerned about the slow pace of implementation of the various agreements geared towards fast-tracking the integration agenda, reports the Kenyan media
According to official figures from EAC Trade and Investment Report, regional trade dropped by 19.5 percent to $44.6 billion in 2016 from $55.4 in the year before.
The region has also been registering very low inflows of Foreign Direct Investment (FDI). Regional FDIs amounted to $6.7 billion in 2016 while it averaged about $9 billion in the previous three years, according to officials.
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