Besides heightening competitiveness in tourism, wildlife conservation and emerging among the top ‘Doing business Reformers, Rwanda is most attractive destination for workers from the East African Community (EAC) compared to the 4 member states of the bloc, a new study has shown.
According to the study, conducted by M.A Consulting Group, Rwanda has the highest labour market efficiency, the survey carried out in 2009 to assess the impact of the EAC Common Market protocol on an economic comparative study in terms of conduciveness to the labour force.
The other significant aspect is the attractive professional remunerations and timely payment by the Rwandan employers in both public and private institutions compared to the other member states where demoralized workers repeatedly demand for arrears in vian.
According to the Minister in charge of East African Affairs Monique Mukaruriza, The findings in the report will enable government to initiate development strategies to guide negotiations on the regional market protocol.
The minister said this while making keynote at the validation meeting of the final report where she emphasized the need to prepare the Rwandan labour market for competition against their counterparts from neighboring states.
“Workers in the services sector should become innovative and tap the better skills from the other EAC partner countries,” Mukaruliza observed.
The study highlighted the impact of the Common Market Protocol on other sectors, especially free movement of goods, services, capital within the regional five member states, a bloc that analysts believe has a serious socio-economic development potential.
The report also indicates that EAC trade regime has a net positive welfare effect on the Rwandan economy compared to the other members.
The Minister in charge of Trade and Industry Francois Kanimba who is former Governor of Central Bank said that much emphasis should focus on diversifying domestic production to widen export base as member countries advocate for free movement of goods and services.
The Common Market Protocol was signed by the EAC Heads of State on 20 November 2009 but economic pundits believe the common market protocol is taking snail’s pace to due to unnecessary bureaucracy.
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