A boost for intra-African trade?
By Timothy Cox
Wednesday, December 2, 2009
The formation of the EAC common market brings new hope for boosting intra-African trade.
An agreement to establish a common market with the East African Community has recently been signed to promote trade among East Africa’s economies: Burundi, Kenya, Rwanda, Tanzania and Uganda. While this new deal contains some of the pitfalls that have plagued other attempts to stimulate the currently pathetically low levels of intra-African trade, there is room for hope that this time it will be different.