East African Community

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East African Community

(EAC), organization of E African nations established to promote regional economic and political cooperation. Its headquarters are in Arusha, Tanzania. It was first founded in 1967 by the former British colonies of Kenya, Uganda, and Tanzania, but political and economic conflicts led to the EAC's dissolution a decade later. In 1999 the three countries signed a treaty to revive the EAC, and it was reestablished in 2001.

The EAC encourages cooperation in such areas as trade, immigration, business, transportation, and communications. A customs union came into effect in 2005. Rwanda and Burundi were admitted to the EAC in 2007, and they joined the customs union in 2009. In 2010 a common market was established, and participating countries opened their borders to the free movement of goods, services, and citizens. The EAC also has plans for a single currency for its member states. In 2016 South Sudan was admitted to the EAC.

References in periodicals archive ?
The post EAC won't be privatised appeared first on Cyprus Mail .
Although the beleaguered IMF chief Christine Lagarde recently warned the bloc not to rush into a currency union, pointing to the issues faced in Europe while implying that the convergence benchmarks were slightly too ambitious, the EAC is already better positioned than the Eurozone countries were back in 1999 to form such a union.
It is of paramount importance to compare EAC results with indices such as current and projected cost variance, schedule variance, Cost Performance Index (CPI), Schedule Performance Index (SPI) and Variance at Completion (VAC).
Following exposure of the EAC via a retroauricular approach, the inferior wall of the EAC was found to be destroyed by the cholesteatoma.
The EAC decided to form a committee on evaluating the national accounts and GDP growth data.
Respondents in countries with lower GDPs -- including relatively new EAC members Rwanda and Burundi -- who said they had heard of the EAC were more likely to say their respective country is most likely going to gain from the union.
The EAC should consist of three to five scientists with expertise appropriate for the Center's research focus, plus one representative from a community-based organization involved in community-based research.
The EAC is a group of practicing professionals that hold positions in various capacities in our industry.
The EAC, which was founded in 1970, the year the first Earth Day was celebrated, has been presenting "Green Star Awards" since 1981.