Tax disputes, trade wars headache for new EABC board

EAC partners are squabbling over trade rules. PHOTO | SHUTTERSTOCK

The East African Business Council (EABC), which last week elected a new executive committee, says it will expedite the formation of a trade remedy committee to deal with disputes and cut disruptions in the East African Community (EAC) Common Market.

The team, elected on the sidelines of the Commonwealth Heads of Government Meeting in Kigali, comes at a crucial time when the EAC partners are squabbling over trade rules, and Rwanda and the Democratic Republic of Congo have all but closed borders to trade over security concerns in the face of violence blamed on the resurgence of the M23 rebel group.