Kenya, neighbours increase economic cooperation
29 October 2013, 10:43
Nairobi - Kenya and regional partners have agreed to eliminate all the remaining trade barriers to create a common market in the area.
The country, together with Rwanda, South Sudan and Uganda jointly launched a Single Custom Territory that will help boost trade by eliminating the remaining Non Tariff Barriers.
In a press release from the third Integration Projects Summit in Kigali, the Rwanda capital, the leaders of the countries, namely Presidents Uhuru Kenyatta (Kenya), Yoweri Museveni (Uganda), Paul Kagame (Rwanda) and Salver Kiir (South Sudan) also pledged to ensure that an electronic transit system for cargo was put in place before January next year.
The leaders said this would ease monitoring of goods and convenience of transportation.
To avoid delays caused by weighbridge procedures, the partners agreed that transit cargo be subjected to weighing only once at the point of entry in each of the members territory.
“Partner States should establish a legal committee to analyze the joint implementation of Axle Load issue,” stated the agreement.
The second infrastructure summit was held in Mombasa where the leaders deliberated on various issues including ways of deepening regional integration and the development of crude oil pipeline project.
The East African community has been pushing for a free trade in the region and even at some point deliberated on the use of a common currency to bolster economic ties.
– CAJ News