{{Representatives of the East African Community member states are in a two-day meeting in Arusha, Tanzania to review the plan for a single customs union in the region.}}<\/p>\n
In September 2011 a study was conducted with a primary purpose of developing options and modalities for the attainment of a Single Customs Territory. <\/p>\n
The study would also recommend an appropriate SCT model suitable for the EAC and determine the most suitable institutional and legal framework for the execution of the Single Customs Territory. <\/p>\n
Over the two-day period stakeholders, drawn from Partner States\u2019 Ministries including Trade, EAC Affairs and Finance; and Government agencies responsible for Customs\/Revenue Authorities, as well as representatives from the private sector will consider recommendations and provide inputs to enrich the final report for the proposed Single Customs Territory. <\/p>\n
The EAC Director General for Customs and Trade, Peter Kiguta said, transformation of the EAC into a Single Customs Territory is what is required to spur liberalized trade as goods would circulate freely through the Territory.<\/p>\n
\u201cWe still have internal controls. Goods are not circulating freely,\u201d Kiguta remarked, adding: \u201cAs a Customs Union we are supposed to be one Customs territory.\u201d<\/p>\n
Meanwhile, the East African Community Secretary General, ambassador Richard Sezibera announced that the bloc will have to wait much longer before it establishes a single currency. <\/p>\n
The announcement was made during the conference themed \u201cEAC after 10 Years\u201d.<\/p>\n
\u201cThe only significant achievement that the EAC will record this year would be the signing of the Monetary Union Protocol. This would set the tone for channels through which a single currency could be formulated.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
{{Representatives of the East African Community member states are in a two-day meeting in Arusha, Tanzania to review the plan for a single customs union in the region.}} In September 2011 a study was conducted with a primary purpose of developing options and modalities for the attainment of a Single Customs Territory. The study would […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[277],"hashtag":[],"class_list":["post-1956","post","type-post","status-publish","format-standard","hentry","category-business","tag-homenews","byline-igihe-com-reporter"],"bylines":[{"id":277,"name":"IGIHE.com Reporter","slug":"igihe-com-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":277,"name":"IGIHE.com Reporter","slug":"igihe-com-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/1956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=1956"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/1956\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=1956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=1956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=1956"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=1956"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=1956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}