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.
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References in periodicals archive ?
The EABC is a key convenor of high-level regional Public-Private Sector Dialogue forums with an 'Observer Status' at the EAC level will lead the coalition-implementing partners of the project.
San Beda coach Boyet Fernandez is aware of what EAC is capable of.
Each EAC member state is required to pay $8 million annually.
As the employer, the EAC pays 5.9 per cent on the workers' salaries into the fund on top of 1.85 per cent for the Gesy.
COMMON MARKETI have always argued that the best possible version of the EAC would be the culmination into a single market.
In the new study, Guda and colleagues collected 397 biopsy specimens to find common mechanisms that underlie EAC tumour progression.
Following suit, London-based economist Dr Imran Rasul quit the council, saying, 'With a heavy heart, I have resigned from the EAC this morning.'
Sources say that Sherani has stepped down in protest against the government move to bypass the EAC in the preparation of the Finance Supplementary (Second Amendment) Bill, 2019, and five-year macroeconomic framework and midterm budgetary framework.
On September 6, Dr Asim Ijaz Khwaja had announced resigning from the EAC. 'I have resigned from EAC.
Dr Imran Rasul, a professor of economics at UniverAsity College, London, was the last EAC member based outside Pakistan.
However, the EAC was informed that a technical assistance team of the IMF would visit Pakistan next month to advise Islamabad on improving data standards.