{"id":30081,"date":"2016-11-07T00:46:00","date_gmt":"2016-11-07T00:46:00","guid":{"rendered":"https:\/\/new.igihe.com\/team-faults-eac-eu-epa-deal\/"},"modified":"2016-11-08T11:01:10","modified_gmt":"2016-11-08T11:01:10","slug":"team-faults-eac-eu-epa-deal","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/team-faults-eac-eu-epa-deal\/","title":{"rendered":"Team faults EAC-EU EPA deal"},"content":{"rendered":"<p>{The Economic Partnership Agreement (EPA) between East African Community (EAC) and European Union (EU) is \u2018a raw deal\u2019, a threeman independent team tasked to examine the trade deal has warned.}<\/p>\n<p>Under the terms of the EPA, the EU will liberalise its market for EAC goods by 100 per cent while EAC member states will liberalise their market by 82.6 per cent on a progressive basis over period of 25 years after signature.<\/p>\n<p>If signed and ratified, the team hinted that it \u2018will be a kissing goodbye to the country\u2019s industrialisation vision\u2019.<\/p>\n<p>Speaking yesterday during an awareness seminar for Members of Parliament, a University of Dar es Salaam (UDSM) Lecturer, Professor Palamagamba Kabudi, cautioned that the deal is only meant to under-develop Africa.<\/p>\n<p>He pointed out that the trade deal, which among others, prevents instituting new export duties and taxes, will make the country lose sovereignty right to negotiate on business.<\/p>\n<p>The don said though other countries in the EAC bloc have signed the deal, Tanzania should not rush into endorsing the agreement for it will badly affect the economy. \u201cIt is a bad deal. I don\u2019t advise the country to sign.<\/p>\n<p>Our economy will suffer,\u201d he cautioned, hinting that African products cannot compete with those from Europe. Another expert, Dr John Jingu, analysed that through the agreement, the EAC will have to commit to liberalising close to 82.6 per cent of all its imports for the EU by 2033.<\/p>\n<p>He argued that through this commitment, the dependence on imports of manufactured goods and foreign aid will get more entrenched. Dr Jingu also affirmed that Tanzania\u2019s Foreign Direct Investment (FDI) flows will greatly suffer should the country rush into endorsing the agreement.<\/p>\n<p>\u201cEPA is not a free trade. It will undermine intra-EAC trade with flooding of EU-originating imports,\u201d he noted. He maintained that the deal will throw the country into a serious diversion of trade to EU and will badly undermine the EAC destiny.<\/p>\n<p>Dr Jingu asserted that the document, which favours Europe, is against the spirit of regional and African integration and to a great extent negated the African Union Agenda 2063 vision.<\/p>\n<p>The African Union 2063 vision focuses on integrated, prosperous and peaceful Africa driven by its own citizen and representing a dynamic force in the global arena.<\/p>\n<p>He questioned how could Tanzania\u2019s Small and Medium Enterprises face and compete with the giant EU. Dr Ng\u2019wanza Kamata, also from the University of Dar es Salaam, advised lawmakers to ensure that they stand firm and reject \u2018bad\u2019 conventions which are not for the interest of the country.<\/p>\n<p>He noted that currently, the country imports less from European countries and thus signing the document will give the latter opportunity to dominate the market and flood the country with its products.<\/p>\n<p>A number of MPs who gave their views on the analysis presented by the experts noted that it was high time they safeguarded the interest of the nation.<\/p>\n<p>Reverend Peter Msigwa (Iringa Urban-Chadema) asked the experts to make analysis on both advantages and disadvantages of the deal before making any decision.<\/p>\n<figure class=\"spip-document spip-document-16221 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/eac-heads-of-state.jpg\" alt=\"President Yoweri Kaguta Museveni looks through the dammy E- copy of the East African passport together with other East African Heads of State during the 17th Summit of the EAC on Wednesdsay 2nd March 2016.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{The Economic Partnership Agreement (EPA) between East African Community (EAC) and European Union (EU) is \u2018a raw deal\u2019, a threeman independent team tasked to examine the trade deal has warned.} Under the terms of the EPA, the EU will liberalise its market for EAC goods by 100 per cent while EAC member states will liberalise [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[75],"byline":[2476],"hashtag":[],"class_list":["post-30081","post","type-post","status-publish","format-standard","hentry","category-economy","tag-homenews","byline-daily-news"],"bylines":[{"id":2476,"name":"DAILY NEWS","slug":"daily-news","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":2476,"name":"DAILY NEWS","slug":"daily-news","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\/30081","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=30081"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/30081\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=30081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=30081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=30081"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=30081"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=30081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}