Africa: EAC signs trade pact to remove barriers
NAIROBI – East African countries have signed an agreement with regional commodity dealers that will enable them participate more in policy-making and facilitation of trade.
The agreement signed in Nairobi late Wednesday will also remove non tariff barriers and allow free movement of food and trade in the region.
The agreement was signed between East African Community (EAC) and the Eastern Africa Grain Council (EAGC), Africa Cotton and Textile Industries Federation and the Eastern and South African Dairy Association.
Some countries have either imposed bans or increased tax citing protection of their domestic markets from increased competition.