News
States blocking trade in the region to face punishment
East Africa Community leaders Zanzibar President Amani Abedi Karume, President Mwai Kibaki of Kenya, Paul Kagame of Rwanda (EAC chairman) and Pierre Nkurunziza of Burundi at a past function. File Photo.
Posted Monday, May 3 2010 at 00:00
For instance, transport costs as a share of value of exports are estimated to be as high as 48 per cent for EAC countries compared with 9 per cent in developed countries and 17 per cent in Zambia. EAC production costs are 5-10 times higher than those of the region’s competitors.
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Litigation arising therefrom is likely to keep Judges of the EA Court busy. Of late they have been complaining of boredom, having little work (cases) to do.
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