East Africa Community will have to fight corruption, create a data law and guard against currency volatilty to strike a trade balance with the EU
Member states of the east African trade bloc will have to do better in a number of areas if they are to take full advantage of the European Union’s 447 million-person market.
That was the conclusion of discussions about a scoping report presented at a workshop held on May 25 in Kigali, Rwanda by the Stockholm Environment Institute (SEI) and the East African Science and Technology Commission.
The report determined that though the bloc is making progress, it’s struggling to create jobs, tame corruption, prepare for the effects of climate change, innovate, develop its infrastructure, attract foreign direct investment, and control currency volatility. If it doesn’t do better, local businesses might suffer from reduced trade with the EU.
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