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Thursday, 01 September 2016

East Africa: EU Commends Rwanda's Stand On EU-EAC Trade Deal

Amb. Michael Ryan, the head of European Union Delegation to Rwanda has commended Rwanda's commitment to sign the Economic Partnership Agreement (EPA) between the EU and East African Community member states. "I am very much encouraged by the approach of Rwanda. The approach of Trade Minister Francois Kanimba is very much in favour of the EPA and we would see no EAC country lose the ratification of the EPA with EU," , Amb. Ryan told journalists yesterday after his visit to Speaker Donatille Mukabalisa at the Parliament buildings in Kigali. Rwanda and Kenya are still committed to sign the deal while Tanzania and Uganda decided to delay the signing because of the Britain's vote (Brexit) to leave the EU bloc in the referendum of June 23. The EPA signing was expected on July 18 but was postponed until October 1st because the EAC states are divided on whether the deal will benefit the infant local manufactures or will see the big European investors dominate the EAC market. However, Minister Kanimba warned of the possible cracks in the region if the deal is not signed and urged the EAC politicians to consider the region's collective gains ahead of individual state's interests and sign the EU-EAC deal, according to The East African.

Source: allafrica.com