Enhancing Economic Cooperation: Discussions on Customs, Trade Agreements, and Investment Facilitation in East Africa

In a recent meeting, Mr. Abubakar Hassan, PS Investment Promotion, engaged in discussions with Ms. Annette Ssemuwemba Mutaawe, the Deputy Secretary General of Customs, Trade, and Monetary Affairs at the East African Community (EAC). The meeting centered on several key topics aimed at enhancing economic cooperation and investment facilitation within the region.

The key points discussed during the meeting included:

    1. Customs Regime under EAC Customs Union

    2. Kenya-UK EPA (Economic Partnership Agreement)

The role and effectiveness of the EAC Investment Protocol in promoting and facilitating investments in the region were a focal point of the discussion. The Investment Protocol likely outlines the guidelines and incentives for investors operating within EAC member states.

Addressing Bottlenecks in the Revised CET (Common External Tariff): The conversation extended to the challenges presented by the revised Common External Tariff (CET) within the EAC. They discussed strategies to overcome bottlenecks and obstacles, including non-tariff barriers, which can hinder the smooth flow of goods and services across borders.

Furthermore, it was agreed during the meeting that collaboration between Mr. Abubakar Hassan, Ms. Annette Ssemuwemba Mutaawe, the EAC Secretariat, and partner states would be essential in addressing and resolving these issues effectively. This collaborative approach underscores the commitment to fostering economic growth, trade facilitation, and investment promotion within the East African Community.