EAC assesses common market progress
20 February 2014, 13:36
Nairobi - The East African Community (EAC) Secretariat has launched a scorecard that assesses progress towards developing the EAC Common Market.
The World Bank Group, at the request of the EAC Secretariat, developed the scorecard which measures the partner states’ compliance to the free movement of capital, services and goods.
“The Scorecard is well aligned with the EAC’s implementation priorities. It will foster peer learning and facilitate the adoption of best practice in the region. This will contribute to strengthen the regional market, grow the private sector and deliver benefits to consumers,” the EAC Secretary General, Dr Richard Sezibera, stated.
The scorecard faults particular partner states on their actions towards a common market with Tanzania being mentioned in the report adversely with regard to its willingness to the common market.
“Tanzania has the highest number of non-conforming measures that are inconsistent to their commitment to the common market protocol with a total of seventeen non compliance measures.
Kenya follows closely with sixteen, Rwanda with eleven, Uganda with ten and Burundi has the least,” said the Lead Author of the scorecard, Alfred Ombudo K’Ombudo.
The scorecard, which is the first ever regional study, shows that whereas Kenya, Rwanda and Burundi have made significant strides towards a common market through elimination of barriers to trade, Tanzania and Uganda have scored below par.
The scorecard was developed over a period of 18 months under the supervision of the EAC Secretariat and Partner States.
The areas of capital, services and goods were selected for scoping as they are foundational for the operation of the common market.
The scorecard notably identifies at least 63 non-conforming measures in the trade of services and 51 non-tariff barriers affecting trade in goods while in the area of capital.
Only two of the 20 operations covered by the Common Market Protocol are free of restrictions in all of the EAC Partner States.
– CAJ News
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