• EIMA Delegation
    EIMA Delegation
    A Delegation of EAEA Members involved in Agribusiness at the Italian Embassy in Kampala. They were sent off by H.E. Domenico Fornara
  • EAC Intellectual Property Workshop
    EAC Intellectual Property Workshop
    Workshop to Validate the Draft Report for the EAC Regional Policy for Science Technology and Innovation and Intellectual Property on 24th-25th September 2018 at Kenya School of Monetary Studies, Nairobi, Kenya
  • Uganda-DRC Business Forum
    Uganda-DRC Business Forum
    The 7th Session of Uganda-DRC Joint Permanent Commission Senior officials meeting at Speke Resort Munyonyo, Meera conference hall. Strengthen cooperation between Uganda and DRC.
  • COMESA Competition Commission Training
    COMESA Competition Commission Training
    Sensitization And Training Of District Commercial Officers And Private Sector Umbrella Organizations On Competition Law And Practices At Ridar Hotel-Uganda 27th -28th September 2018
  • EAEA agri-business Members who attended the National Ploughing Championship, Dublin, Ireland 2018
  • Members of EAEA at a press meeting at the Irish Embassy in Kampala
  • A Delegation of EAEA Members at the Irish Embassy Kampala, before they set off to Ireland to attend the National Ploughing Championship
  • Ensuring that Entrepreneurs’ Interactions with national, regional & international organizations are mutually beneficial (Win-Win strategy).
  • Enhancing Skilled Human Capacity Development
  • We work to support the EAC economic, political, social and cultural integration
  • Promotion and development of markets both locally, regionally and internationally
  • Advocating for the rights of Entrepreneurs at all relevant national & regional fora, this includes but not be limited to: i) Government Ministries, departments and Authorities ii) Non-governmental organizations. iii) Councils and Municipalities iv) Any other relevant local, regional and international fora.
  • Encouraging the development of infrastructure (factory shells, incubation centers e.t.c) for the promotion of Entrepreneurs activities
Home / EAC News / EAC STRIKES NEW TRADE AGREEMENT WITH USA

EAC STRIKES NEW TRADE AGREEMENT WITH USA

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A new Trade and Investment partnership has been forged between the Arusha-based East African Community (EAC) and the United States of America. An official statement from the EAC Secretariat said the new Co-operation in trade between the US and EAC has been realized following a meeting on Thursday 14th June 2012 on the sidelines of the AGOA Forum between the United States and the EAC partner states in Washington, D.C.The new agreement was signed in the presence of trade ministers from the five EAC member states as well as senior officials from the EAC’s Arusha secretariat. The official signing was graced by among other officials, the trade representative from the United States and the EAC Secretary General.

The Ministers’ statement’s recognized the importance of strengthening the economic links between the United States and East Africa and that the EAC governments jointly resolve to pursue a new trade and investment partnership between the United States and the EAC. The new partnership will be built on the foundations of the existing trade and investment relationship, including the African Growth and Opportunity Act (AGOA) and the United States-EAC Trade and Investment Framework Agreement (TIFA).

Under this new partnership the two parties are expected to work together to provide new business opportunities to US and EAC firms by reducing trade barriers, improving the business environment, encouraging open investment regimes and enhancing our two-way trade.

In the initial items,  the EAC has  agreed to explore under this new umbrella partnership include a regional investment treaty, a trade facilitation agreement, continued trade capacity building assistance and a commercial dialogue the statement added. When these agreements and other activities are pursued, they will help to promote EAC regional integration, economic growth and expand and diversify US-EAC trade and investment. They could also serve as building blocks towards a more comprehensive trade agreement over the long term.

The ministers in-charge have already directed their respective technical teams led by the EAC to engage as soon as possible to begin consultations on each of the areas they agreed upon. They have full confidence that together, they can build a stronger US-EAC trade and investment partnership for the benefit of the American and East African people.

 

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