The Re-establishment of the East African Community
The East African Community is identified as an intergovernmental institution which is composed of the United Republic of Tanzania, Uganda, Kenya, the Republic of Burundi, and the Republic of Rwanda. The headquarters for this community are located in Arusha, a city in Tanzania. The treaty that saw the East African Community being established was signed in the year 1999 on 30th November. Later in the year 2000, on 7th July, the treaty was established after being ratified by the existing partner states. The original partner states were Tanzania, Kenya, and Uganda. The other republics, Burundi and Rwanda, assented to the treaty in the year 2007 on 18th June where they assumed full membership of the community in the same year on 1st July.
Although the East African Community (EAC) appears to be a new regional community, it is in principle a “reincarnation” of the old East African Community that was exited between 1967 and 1977. This union had led to a rapid economic growth in the region. Unfortunately, the community collapsed due to political and ideological differences. The current East African Community aims at ensuring that the region is stable, secure, and competitive enough to attract investors and encourage inter-country trade. Accordingly, the community will be able to increase the trade levels in the region. Equally important, their markets will become competitive and investments and trade opportunities in the region will increase. The research paper will aim at identifying if the new East African Community will achieve its desired objectives and measures that it can implement to ensure that all countries realize the benefits of working under a single trade union.
De Melo, J., & Regolo, J. (2014). The African Economic Partnership Agreements with the EU: Reflections inspired by the case of the East African Community. Journal Of African Trade, 1(1), 15-24. http://dx.doi.org/10.1016/j.joat.2014.09.001
- The article will address the policies of trade among the members’ states of the East African community.
Drummond, P., Wajid, S. K., & Williams, O. (2015). The East African Community. Washington: International Monetary Fund.
- The book will address the advantages associated with the unity of the East African community.
Davoodi, H. R., Dixit, S. V. S., Pintér, G., & International Monetary Fund. (2013). Monetary transmission mechanism in the East African Community: An empirical investigation. Washington, D.C.: International Monetary Fund.
- The book will be useful as it will address the monetary systems that influence output and inflation rates in East Africa.
Human Rights Law in Africa, E. (2004). EAST AFRICAN COMMUNITY (EAC). Human Rights Law In Africa Online, 1(1), 632-639. http://dx.doi.org/10.1163/221160604×00404
- The article will look into the challenges that face the unity of the East African community.
McAuliffe, C., Saxena, S. C., Yaraba, M., & International Monetary Fund. (2012). The East African Community: Prospects for sustained growth. Washington, D.C.: International Monetary Fund.
- The book looks into the prospects of sustaining growth in East Africa.
Najam, A., & Thrasher, R. (2012). The future of south-south economic relations. London: Zed Books.
- The book will address the future plans that the East African community has for the wellbeing of its people.
Wang, Y. D., & International Monetary Fund. (2010). Measuring financial barriers among East African community countries. Washington, D.C.: International Monetary Fund.
- The book will address the financial barriers that the East African face.