EAC Bilateral Trade & Investment Negations Open in Uganda

A regional East African Community symposium on the ongoing bilateral trade and investment negations has opened at Entebbe,Uganda with a call on EAC governments to “trade carefully” when negotiating.

Trade experts, Members of Parliament and Civil Society Organisation leaders from Burundi, Kenya, Tanzania Rwanda and Uganda are attending the two day meeting geared towards harmonizing trade negotiations among the five EAC partner states.

With the stalling of the 2005 Doha Round, developed countries have changed their strategy of achieving free trade through multilateral negotiations.

The US and the European Union are all looking at African nations as the sole source of trade leading to mushrooming bilateral trade and investment agreements which are being championed by developed nations to advance their economic objectives.

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