News
EA businesses still in the dark over how to benefit from the US market
By FRANCIS AYIEKO
(email the author)
Posted Monday, July 6 2009 at 00:00
Posted Monday, July 6 2009 at 00:00
Mr Mbogori further said that Aid for Trade should be implemented as quickly as possible so that the EAC countries can improve their productive capacity and expand exports to the US market while the AGOA preferences last.
“The EAC member states cannot take full advantage of the trade opportunities created by the AGOA unless their productive capacities are improved and diversified so that they are capable of producing goods and services competitively and addressing the needs of their external markets,” he said.
He added: “Elimination of supply-side constraints and the adjustment costs need to be financed.”
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