East African Cooperation
East African Cooperation: EAC. A mechanism within the Common Market for Eastern and Southern Africa established in 1996. It aims to promote faster trade and investment liberalization. Its longer-term objectives are the establishment of a customs union and an East African Federation. Main areas for economic cooperation are harmonization of fiscal and monetary policies, trade and industry, transport and communications, energy, agriculture and animal husbandry, environment and natural resources, and tourism and wildlife conservation. Cooperation is also proceeding in political matters, immigration, law and justice, and security. EAC also seeks to encourage interest from the private sector. The three partners making up the EAC are Kenya, Tanzania and Uganda.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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