East African Community

(redirected from EAC)
Also found in: Dictionary, Medical, Financial, Acronyms, Wikipedia.

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. The EAC has had more success than most regional African free-trade agreements in reducing barriers to trade.

References in periodicals archive ?
We believe that the cause of this defect was an insufficient amount of full-thickness skin graft to cover the EAC defect.
The EAC discussed a number of issues concerning the national economy, including proposals for the new budget, value-added tax and other taxation issues, public sector expenditure, expenses on the war on terror and documenting the national economy.
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.
As the editorial staff seeks authors for the various articles, monographs or columns it will publish, it looks to the EAC for ideas and input on who might be the best expert or the appropriate author to support the editorial agenda that has been established.
The object of the EAC Monetary Institute Bill, 2017, is to provide for the establishment of the East African Monetary Institute (EAMI) as an institution of the Community responsible for preparatory work for the EAC Monetary Union.
The four main EAC unions argue that during the March 30 meeting with the EAC board, President Nicos Anastasiades instructed that the informal position of acting general manager be extended for the time being, but also that down the line the board must move to hire a general manager proper.
South Sudan's admission to the EAC ends several years of waiting to join the regional bloc, comprising Uganda, Kenya, Tanzania, Burundi and Rwanda.
Filiberto Ceriani Sebregondi, the EU Ambassador to Tanzania and the EAC inked a deal with EAC Secretary General, Dr.
Speaking late Tuesday in the capital of Africa's youngest nation, Juba, Sezibera said the EAC secretariat was committed to working closely with the Government of South Sudan "to ensure a smooth negotiation process" but the process "calls for a lot of diplomacy".
21 March 2014 - US provider of product development technology and services EAC Product Development Solutions said today it had acquired the Arbortext business unit of local content management software company TerraXML.