East African Community

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East African Community

An international organization that seeks economic and political integration for member states. Originally established in 1967, it fell apart some years later and was re-established in 2000. It became a free trade zone for members. In 2010, it founded a common market for all goods and services across the borders of member states. It is in the process of establishing a single currency as well. Its members are Burundi, Kenya, Rwanda, Tanzania and Uganda.
References in periodicals archive ?
The chapter in the bailout memorandum signed between Cyprus and its creditors regarding the EAC has been moved from "privatisation" to "energy", he added, making the governments intentions crystal clear.
The project will support the EAC Secretariat-Health Department, to implement its common market protocols including among others, free labour mobility.
The term for EAC members runs for three years (with an option for a second term of the same duration) and begins January 1, 2016.
Senior Vice President of Contracts and Procurement at Qatar Airways, Mohsen Alyafei, presented the cheque to EAC representatives in a ceremony held at the World Innovation Summit for Education in Doha.
Should a currency union within the EAC come to fruition, trade will be fuelled by a reduction, albeit limited, in transaction costs, the elimination of exchange rate risk and region-wide price harmonisation - all of which will undoubtedly be underpinned by policy incentives.
Used as a leading indicator, an EAC provides a PM an opportunity to make proactive decisions.
Malignant diseases associated with EAC include myelomatosis, Hodgkin's lymphoma, acute leukemia, prostatic adenocarcinoma, nasopharyngeal carcinoma and histiocytosis (4).
At the beginning of the ceremony, a short documentary that showed some exciting moments at the EAC was screened.
The Electricity Authority of Cyprus (EAC) will decide by the end of July on its strategic partner for the terminal for liquefied natural gas, an EAC press release issued here on Wednesday said.
Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh while chairing the meeting of the EAC said, "The government takes the suggestions made by the EAC members very seriously and these ideas would be reflected in our economic policies.