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.

References in periodicals archive ?
Ruto noted that there was need to further improve the trade relations between Kenya and the EU and the wider East African Community (EAC).
Zuma is most likely referring to the African Free Trade Zone (AFTZ), created by the heads of the South African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC).
Murindwa-Rutanga (political science, Makerere U., Uganda) examines the political, religious, and power relations in the seven countries surrounding the Great Lakes in east Africa, all but Sudan members of the East African Community. In particular, he shows how rivalry and cooperation between the European powers Belgium, Germany, and Britain during colonial times were translated into physical and social realities that continue to the present day.
The plant itself is classed as a vegetable and can be bought openly in cities where there is a large east African community.
Synopsis: The East African Community's next goal -- creating a common currency by 2012 -- gets mixed support in the economic union's five partner states.
The North-South Corridor project is being driven by three of Africa's main regional economic communities - the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and Southern African Development Community (SADC).
The East African Community has agreed to start a single tourist visa for the region, the tourism minister, Serapio Rukundo, has said.
Three African trading blocs--the Southern African Development Community, the East African Community, and the Common Market for Eastern and Southern Africa--have formally agreed to a free trade zone of twenty-six countries with a GDP of approximately $624 billion.
With a high Latino population that the district wanted to serve and a volatile East African community, "we just got in a room and started talking about what we need[ed]," says Corker-Curry.
An earlier East African community in the 1960s, which included a single currency, fell apart.
Prior to the AACB meetings, the National Bank of Rwanda will also host the East African Community Central Bank Governors' Monetary Affairs Committee (MAC) meeting on 30th July 2019.

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