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Improving the Investment Climate in the East African Community

Improving the Investment Climate in the East African Community. EAC Investment Climate Program Investment Climate Advisory Services, World Bank Group. The East African Community. Common Market with 5 members established in 2010: Burundi, Kenya, Rwanda, Tanzania, Uganda

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Improving the Investment Climate in the East African Community

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  1. Improving the Investment Climate in the East African Community EAC Investment Climate Program Investment Climate Advisory Services, World Bank Group

  2. The East African Community • Common Market with 5 members established in 2010: Burundi, Kenya, Rwanda, Tanzania, Uganda • Freedom of movement of goods, persons and labor, services, capital, right of establishment and residence. • EAC Customs Union: Established 2005, with a Common External Tariff. • Intra regional trade doubled from approx. $2.1bn to $4bn (2005 to 2010). • Population of 133m, combined GDP of $79bn. • Treaty establishing the EAC (1999) has created a number of institutions including an East African Legislative Assembly and an East African Court of Justice.

  3. Overview of EAC Investment Climate Program Impact:Increased trade and investment opportunities leading to faster growth and higher poverty reduction. Outcome:Improvement of the legal and regulatory framework for trade and investment in the EAC. Activity 3: Common Market Scorecard. Activity 1: Harmonization of Commercial Laws. Activity 6: EAC Business Registry. • Activity 4: • Network of Reformers. Activity 2: Tax Harmonization and Simplification. • Activity 7: Regulatory Capacity Building of the EAC Secretariat. • Activity 5: • Annual EAC Doing Business Reports. Pillar Two: Benchmarking and Peer-to-peer Networks Pillar One: Streamlining and Harmonization of Commercial Laws Pillar Three: Regulatory Management and Transparency

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