According to a recent regional trade analysis, authorities have agreed on important policies but postponed their implementation. Based on the East African Business Council's (EABC) Intra-EAC Trade Brief Analysis report, trade between EAC member states decreased by more than 33 percent ($1.8 billion), to $3.6 billion in 2022 from $5.4 billion in 2021. Sorghum and rice commerce fell, however maize exports surged by 63%, from $114.6 million to $187.1 million. While imported finished goods are subject to a 35% import charge, regionally accessible intermediate products are subject to a 25% tariff. From August 31 to September 1, the EABC will hold a forum in Kampala to promote regional integration and greater intra-EAC commerce.

Source: The North Africa Journal July 31, 2023 08:15 UTC