Private sector keen on EAC trade
13 March 2012
New Vision - March 13, 2012
WITH the current hindrances to the flow of trade within the East African Community (EAC), there is a need to strengthen partnerships between private and public sectors to improve the region’s investment climate, a regional forum has observed.
A two-day investment forum held last week at Silver Springs Hotel in Kampala to define a regional framework for investment incentives for the EAC, attributed the persistent barriers to trade to the absence of a strong public-private partnership in trade promotion initiatives.
The chairman of the Uganda Allied Chamber of Commerce, Industry and Agriculture (UACCIA), Chris Kyereere, told a press conference that the forum resolved to lobby EAC governments to promote the presence of the private sector arm in dealing with issues of trade facilitation.
Facilitating trade is about streamlining and simplifying international trade procedures to allow easier flow of goods national and international levels.