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"Breaking Economic Barriers in East Africa"

Uganda's second Deputy Prime Minister and Minister for East African Affairs, Eriya Kategaya launches the East African Community common market of about 130 million people in Kampala, July 1, 2010.
AP Photo

"Breaking Economic Barriers in East Africa"

Op-Ed, Trade Finance

July 22, 2010

Author: Calestous Juma, Professor of the Practice of International Development; Director, Science, Technology, and Globalization Project; Principal Investigator, Agricultural Innovation in Africa

Belfer Center Programs or Projects: Science, Technology, and Globalization; Science, Technology, and Public Policy

 

This month five governments in East Africa changed Africa's economic landscape by launching the East African Community (EAC) Common Market. This economic cooperative will break barriers and allow the free movement of goods, labor, services and capital among the member countries.

The five member countries (Burundi, Kenya, Rwanda, Tanzania and Uganda) have established an inter-governmental economic cooperative with a combined GDP of $73 billion.

As the economic crisis was shaking economies around the world, East African governments have reinforced their commitment to deepen their economic integration. This will enable them to compete favorably in global markets.

Through a process that began with the establishment of the EAC Customs Union, the Common Market is the second stage in a four-phase roadmap to make the EAC the strongest economic, social, cultural and political partnership in Africa. The EAC plans...

Continue reading: http://www.tradefinancemagazine.com/Article/2636301/Regions/23000/Comment-Breaking-economic-barriers-in-East-Africa.html

 

For more information about this publication please contact the Belfer Center Communications Office at 617-495-9858.

Full text of this publication is available at:
http://www.tradefinancemagazine.com/Article/2636301/Regions/23000/Comment-Breaki
ng-economic-barriers-in-East-Africa.html

For Academic Citation:

Juma, Calestous. "Breaking Economic Barriers in East Africa." Trade Finance, July 22, 2010.

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