EAC Secretary General @pmathuki during the EAC-US Trade and Investment Framework Agreement (TIFA) Council Meeting with the US Trade Rep @AmbassadorTai and Members of the EAC Council of Ministers.
The meeting aims to deepen commercial and economic ties between EAC and the US.
After a strong rebound in 2021, global foreign direct investment fell by 12% in 2022 to $1.3 trillion, due mainly to overlapping global crises.
But there is also good news: greenfield investment project announcements were up 15% in 2022.
Read the report➡️https://t.co/InWDciEaNW
I will be doing a research on Assessing the effects of unharmonized excise duties and discriminative taxes in the EAC region.Exploring the consequences on trade, economic growth,regional integration and uncover the potential benefits for a harmonized tax system in East Africa!
Trade Policy a Day.
Blockchain and Trade Policy
#Blockchain technology has the potential to improve the efficiency, transparency, and security of the trade process, and facilitate the implementation of trade policies.
blockchain can help to ensure that trade policies are implemented correctly and consistently.
v. Dispute Resolution: Blockchain can also be used to facilitate the resolution of trade disputes by providing a secure and transparent platform for recording and verifying trade
Trade Policy a Day.
#AfCFTA Rules of Origin.
On the two main criteria that ROO are based
i. The Product’s “wholly obtained “ status means that the product is entirely produced or grown within a single AfCFTA member country without any input from non/member countries
ii. The products “substantial transformation” which means that the product has undergone a significant change in it’s nature,form,or content through processing or manufacturing in an AfCFTA member country.