Europe is in crisis, and yet countries in East Africa are ready to sign on a poorly understood trade agreement with the EU whose overall impact will be disastrous for years to come. The good thing for Tanzania is that there are three months for debate.
Tanzania will lose $865 million in revenue during the 25 years of implementing the Economic Partnership Agreement (EPA) should the East African Community sign the pact with the European Union: Zitto Kabwe.
Divisions in the EAC over the EU EPA highlights problems in the bloc and competing developmental strategies; if the EAC cannot act as one, can it survive?
The EPA issue has once again re-emerged when Tanzania informed EAC Members and the EU that it would not be able to sign the Economic Partnership Agreement (EPA) between EU and the six EAC Member States.
Uganda is prepared to delay the signing of the Economic Partnership Agreement (EPA) after Tanzania, one of the East Africa Community (EAC) partner states, raised the red flag.