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East African Community

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East African Community

Economic alliance established by Kenya, Tanzania, and Uganda in November 2000. It has the goal of forming a Customs Union by 2004, with no internal tariffs, common external tariffs, and free movement of goods, labour, and capital. The aim is to encourage foreign investment in the region. As Kenya had a more established industrial base, Tanzania and Uganda were given a period of adjustment.

At the first meeting in January 2001, EAC members expressed the hope that Burundi and Rwanda would join the alliance.



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? Mentioned in ? References in periodicals archive
 
The regional leaders are in Arusha attending the 11th Summit of Heads of State of the East African Community and which also coincides with the 10th Anniversary since the re-establishment of the regional body.
Kenya: East African bloc sign common market treaty by TendersInfo
It is anticipated that the ratification process will be smooth since most of the outstanding issues have been ironed out after protracted negotiations by partner states," Kenya's ministry of East African Community said this week.
East African bloc to sign common market treaty by AFP / AFP Global Edition
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.
Three African trading blocs--the Southern African Development ... by Gajewski, Karen Ann / The Humanist
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