Regional economic integration can play an important role in fostering sustainable economic growth and development. The integration process presents a number of opportunities for the EAC partner states as it envisions increased intra-regional trade given a combined population of about 150 million people and combined GDP of $74.5 billion; increased efficiency from economies of scale, increased competitiveness and lower costs resulting into higher profits; availability of cheaper products from more efficient providers of products and increased choice of products. In order to widen and deepen regional economic integration, the EAC adopted the Customs Union protocol in 2009 and the CMP in 2010. The EAC common market protocol provides for the free movement of goods, free movement of capital, free movement of workers, free movement of services, rights of entry and the right of establishment by any member of the 5 EAC Partner States in any partner state.
The successful implementation of the EAC CMP rests within partner states’ national laws, policies and regulations. However the full implementation of the protocol has been impeded by factors, among others the existence of non-conforming measures in the partner states’ national laws and policies to the EAC CMP. Partner states are required to harmonize their national laws and policies to the EAC CMP to effect the implementation of the protocol. However, this has been impeded by the increasing desire by partner states to maintain and secure their sovereignty; coupled with the limited capacity of key stakeholders like government technocrats in various ministries, departments and agencies and the private sector to identify and effectively influence reform processes. The existing non-conforming measures are majorly related to the free movement of goods in the areas of Tariffs and equivalent measures on intra-regional trade, Non-tariff barriers, Application of Sanitary and Phyto-Sanitary measures and technical barriers to trade; free movement of services in the areas of professional services, road transport, distribution (retail and wholesale) and telecommunication legislation; and free movement of capital in the areas of securities, direct investments, credit operations, and personal capital operations. What we aim for
The project aims to promote coherence between Uganda's policies, laws and regulations and the Common Market Protocol for increased intra EAC trade and investment flows. In this context the project aims to:
- Identifying the non-conforming measures to the CMP and their implications on intra EAC trade and investment flows and on private sector operations.
- Mobilizing stakeholders' inputs in the policy making, review and monitoring of the implementation of the policy reforms
- Enhancing effective communication and feedback mechanisms between the public and private sector.