The Quest for Regional Integration in the East African Community

Books, January 12, 2015

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Canonical URL: The Quest for Regional Integration in the East African Community

The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa.
The book focuses on regional integration in the EAC and argues that:
- Establishing a time table for eliminating the sensitive-products list is an important reform to foster regional integration.
- Establishing a supranational legal framework for resolving trade disputes is an important reform to foster regional integration.
The EAC countries are making significant progress toward financial integration, including:
- Harmonization of supervisory arrangements and practices.
- Modernization of monetary policy frameworks.

Economic growth context:
- EAC countries are characterized as among the fastest growing economies in sub-Saharan Africa.
Financial integration progress:
- Harmonization of supervisory arrangements and practices is underway.
- Modernization of monetary policy frameworks is occurring across EAC members.
Trade integration priorities:
- Elimination of the sensitive-products list (with a time table) is highlighted as a priority.
- Creation of a supranational legal framework for trade-dispute resolution is highlighted as a priority.

Implement a time table for eliminating the sensitive-products list to advance regional trade integration.
Establish a supranational legal framework for resolving trade disputes to support deeper integration.
Continue harmonizing supervisory arrangements and practices across EAC banking and financial systems.
Continue modernizing monetary policy frameworks to support integrated financial markets.