Free trade still a pipedream: Non-tariff barriers push up cost of doing business in the region
Saturday January 5 2013
Business executives said that non-tariff barriers were hurting trade among EAC countries. Nation Media Group
Rather than do away with non-tariff barriers by December 2012 in accordance with the EAC plans, some countries have even introduced fresh ones — about 10 — while 35 remained unresolved.
Differences over elimination of the barriers have deepened, denying the region larger markets, economies of scale, and promotion of local, regional, and global trade — the benefits envisaged with free trade among the nations.