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

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References in periodicals archive ?
The project will enhance advocacy and dialogue on transport and logistics, trade facilitation, customs and tax, standards, and NTBs in a bid to increase trade and investments in the EAC.
Marwin Taywan and Jethro Mendoza starred in EAC's triumph as they scored 21 points each, with the latter delivering the winning basket - a layup with 1.5 seconds left.
EAC was on a groove to start the match, with Coach Topex Robinson's starters struggling to find any offensive rhythm.
'Qualifiers for the scholarship may apply for any course or program at EAC except medicine programs,' said Abante during the signing of the memorandum.
In an interview with The East African on Thursday last week, South Sudan's Minister for Trade, Industry and EAC Affairs, Paul Mayom Akec, said South Sudan is fully committed to paying what it owes the regional body.
The EAC decided to pay the money into a special fund until the court decision.
EAC has been cited as an example because it has made fleeting progress but with the direction towards single market and monetary union being in the long term plans.
National Cancer Institute estimates, only 20 per cent of patients diagnosed with EAC survive five years.
Protesting the government's decision, later two members of the council stood down from the EAC.
Officials at the finance ministry have sought to downplay Sherani's resignation, saying that he had said in the first meeting of EAC that it wouldn't be possible for him to continue as member for too long because he was already working as a consultant.
While Sherani cited personal reasons for his resignation, well-placed sources said it was resentment over the government's overlooking of the EAC while presenting the mini-budget.