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With Countries in East African Community - EAC

The East African Community (EAC) is a customs union in East Africa, consisting of Kenya, Uganda and Tanzania. It was founded in January 2001 at a ceremony held in the Tanzanian city of Arusha, which is also its headquarters, reviving an earlier effort abandoned in 1977. This new EAC treaty paved the way for an economic and, ultimately, political union of the three countries. A further treaty signed in March 2004 set up a customs union, which commenced on 1 January 2005. Under the terms of the treaty, Kenya, the richest of the three countries, will pay duty on its goods entering Uganda and Tanzania until 2010. A common system of tariffs will apply to other countries supplying the three countries with goods.

Note: Burundi and Rwanda are set to join the EAC in 2006.

EAC is one of the pillars of the African Economic Community.

By the Courtesy of  Wikipedia 

 

 

 


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