L-R Leo Kizito Ojara Commissioner MEACA, Joseph Bukenya Programme Officer SEATINI UG, Faith Lumonya Programme Officer SEATINI UG & Anette Kenganzi Namara Assistant Commissioner, MEACA launching the policy brief & study during the meeting.
SEATINI, in partnership with the East African Trade & Investment Hub and the Ministry of East African Community Affairs (MEACA) organized the EAC Common Market Implementation meeting to disseminate and validate policy briefs and a company case study. The meeting provided an update on the progress of implementation of key trade and investment facilitating commitments that the Partner States made in respect to the EAC Common Market Protocol.
The meeting also aimed at generating recommendations on the required strategic reforms that will help accelerate implementation of the protocol in Uganda and in the rest of the EAC Partner States. Two key documents developed by SEATINI Uganda and the East African Trade and Investment Hub were disseminated:
- Implementation of the EAC Rules of Origin: A case of A.K Oils and Fats Ltd
- Implementation of the EAC Common Market Protocol: Proposals for Review of Investment Related Policies, Laws and Regulations
During the meeting, Golooba Rodney a consultant on the study while validating a policy brief “Assessment of the coherence between Uganda’s tax laws and policies and the EAC common Market Protocol: Policy proposals for reform”, said the objective is to highlight issues to facilitate the smooth implementation of the Common Market Protocol. Harmonization of the tax settings in the common market i.e VAT & income tax rates to create a competitive environment which ensures all member countries have equal rates. The issue of the many non-tariff barriers in the region needs to be addressed.