ISDS Case Map
EAC
If one takes a look at the real big winners in this project, it will soon be realized that multinational corporations mostly from Europe, North America and to some extent Asia which have set up base in Cairo, Johannesburg and Nairobi will be real winners.
German Chancellor Angela Merkel’s Africa Commissioner, Günter Nooke issued harsh criticism of the EU’s joint free trade deal with multiple African countries, claiming the EPA counteracts Europe’s development policy efforts.
The Tripartite Free Trade Area (FTA) by the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC) and the Southern African Development Community (SADC) will be launched in mid-December, 2014.
Three of Africa’s regional economic communities have agreed to launch the long-awaited Tripartite Free Trade Area at a joint summit of leaders from the regional groups scheduled for December in Egypt, APA learnt here Monday.
The issues that had remained in contention until last week are critical for Kenya and EAC's future development, but we capitulated.
Negotiators from the EU and the East African Community finalised today a new comprehensive Economic Partnership Agreement between both regions.
The EU-EAC Economic Partnership Agreement was signed in Brussels on Tuesday but must still be ratified by the five members of the East African Community – Kenya, Tanzania, Uganda, Rwanda and Burundi – and by the European Parliament.
Political blockages in the trade talks between the East African Community and the EU continue.
"The EAC and the EU will set a new date to finalize the trade talks," an EU official told a news conference in Nairobi on Friday.
East African states are yet to strike a trade deal on the Economic Partnership Agreement after the European Union said the proposals made by the council of ministers were inadequate.
