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Tuesday, 04 May 2010

States blocking trade in the region to face punishment

The East African Community Council of Ministers has agreed on the principle of invoking sanctions against member states that are not doing enough to eliminate non-tariff barriers. Regular assessments of partner states will be conducted and sanctions will be slapped on those that fail or refuse to downsize NTBs soon after the Summit gives its greenlight to the proposal. Last week, at the 3rd EAC Investment Conference in Kampala, there was intensive lobbying by the East African Business Council and senior officials from Uganda, Tanzania and Burundi to have the proposal endorsed.“We shall create something like a matrix under which each country’s NTBs will be identified and registered. And after we have carried out other assessments and those NTBs have not been eliminated, action must be taken,” said Aston Kajara, Uganda’s Investment Minister.

Source The East African

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