Three EAC leaders meeting in Uganda, agree to remove all non-trade - TopicsExpress



          

Three EAC leaders meeting in Uganda, agree to remove all non-trade barriers to enhance integration. Entebbe, Uganda, June 25, 2013 PPS Three East African leaders meeting in Entebbe, Uganda, today made key decisions which will significantly enhance trade and integration in this region. President Uhuru Kenyatta, Paul Kagame of Rwanda and their host Yoweri Museveni held trilateral talks in Entebbe State House where they noted that non-tariff barriers including movement of labour continue to hamper intra- EAC trade and full implementation of the Common Market. In a joint communiqué read by the Ugandan Foreign minister immediately after the talks, the three leaders noted that delays in the clearing of goods at Mombasa Port and Malaba have also contributed to the slow growth of trade within the region. In this regard the leaders agreed to take immediate measures to improve management of the port and expedite clearance at the border points. Noting that infrastructure development, energy and trade are key to the growth of the economy of EAC region, the three leaders agreed to revamp the existing railway network and also construct new standard gauge railway line from Mombasa Kenya to Uganda and extend the same to Rwanda. The leaders noted that the new standard gauge railway line is part of the northern corridor stretching from Mombasa in Kenya through Uganda to Rwanda. The leaders also agreed to develop two oil pipelines one for finished products from Eldoret to Kampala and extend the same to Rwanda while the other for crude oil from Uganda to Kenya linking South Sudan. In the same vein, the three leaders agreed to explore the possibility of EAC partner States of investing in the oil refinery to be constructed in Uganda. On electricity, the three Presidents agreed to enhance electricity generation and distribution by exploring and utilizing the resources within each partner state, including exploring other alternatives sources like renewable energy, nuclear and geothermal. Other issues which were agreed upon during the trilateral meeting include strengthening the single customs territory and implementation all the provisions therein where taxes will be collected at the entry points like Mombasa, Mpondwe, Oluhura, fast tracking political federation, issuing EAC e-identity cards for the citizens of the member states and also the EAC single tourist visa. The three nations were each assigned projects to implement under certain time limits including the three leaders holding meetings after every two months. The trilateral meeting will take place in Nairobi Kenya on August this year.
Posted on: Tue, 25 Jun 2013 20:01:02 +0000

Trending Topics



Recently Viewed Topics




© 2015