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 ?
Objective and scope: To strengthen sustainable development in the East African Community (EAC), Republics of Burundi, Kenya, Rwanda, Uganda and the United Republic of Tanzania through the reinforcement of the capacities of officials of legislative, executive and judiciary organs.
They say the different rates cause headaches and confusion across the East African Community.
The Monetary Affairs Committee (MAC) of the East African Community (EAC) has said high interest rate spreads and budget deficits are posing a challenge for all of East Africa's five central banks.
Noting the movement towards "harmonised customs policies" and the success of sub-regional economic blocs--of which the South African Customs Union is an example and the advanced state of the East African Community is another--the governors arrived at the target year of 2021 for Africa's single currency.
Director, Africa Division 2 responsible for the Japan International Cooperation Agency (JICA) Tanzania programm, Africa Department, Hajime Iwama made the commitment when he met with the East African Community (EAC) Deputy Secretary General in charge of Planning and Infrastructure, Dr.
But there is now a real danger that it might split into two, with a weaker northern section overlapping yet another organisation, the revived East African Community, which is currently setting up its own Secretariat in Arusha.
The Second Lake Victoria Environmental Management Project for Eastern Africa development objectives are to: (i) improve collaborative management of the transboundary natural resources of Lake Victoria basin (LVB) for the shared benefits of the East African Community (EAC) partner states; and (ii) reduce environmental stress in targeted pollution hotspots and selected degraded sub catchments to improve the livelihoods of communities, who depend on the natural resources of LVB.
February 25, 2018 (JUBA)- South Sudan President Salva Kiir asked members of the East African Community (EAC) to be intimated to external pressure and implement the U.
He will be sworn in at the East African Community presidential summit in Kampala, according to State House Spokesman Manoah Esipisu.
While other countries, particularly in the East African Community, have been indifferent over the deal arguing that it does not offer enough protection for local industries against goods imported from Europe.
The East African Community (EAC), which includes the countries of Tanzania, Kenya, Rwanda, Burundi and South Sudan, ratified the three economic bloc agreements (COMESA, SADC, East Africa) for the first quarter of this year.
The meeting will give the Ministers from the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC), and Southern African Development Community (SADC) an opportunity to get an update on the progress achieved in the Tripartite Free Trade Area (TFTA) negotiations.

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