Advanced Advertising Across National |
|
|
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 |
|
|
---|