The Protocol on the Establishment of the East African Community (EAC) Common Market entered into force on 1 July 2010, following ratification by all the five Partner States: Burundi, Kenya, Rwanda, Tanzania and Uganda. The Protocol was signed by the Heads of States on 20 November 2009, coinciding with the 10th Anniversary celebrations of the revived Community.
The establishment of the East African Community Common Market is in line with the provisions of the EAC Treaty. It provides for “Four Freedoms”, namely the free movement of goods; labour; services; and capital, which will significantly boost trade and investments and make the region more productive and prosperous.
The Common Market represents the second stage of the regional integration process as defined by the Treaty for the Establishment of the East African Community. The establishment of the Common Market shall be progressive in accordance with the relevant laws of the Community and those of the Partner States.
Objectives of the EAC Common Market:
The overall objective of the EAC Common Market is to widen and deepen cooperation among the Partner States in the economic and social fields for the benefit of the Partner States. The specific objectives of the EAC Common Market are to:
- Accelerate economic growth and development of the Partner States through the attainment of the free movement of goods, persons and labour, the rights of establishment and residence and the free movement of services and capital;
- Strengthen, coordinate and regulate the economic and trade relations among the Partner States in order to promote accelerated, harmonious and balanced development within the Community;
- Sustain the expansion and integration of economic activities within the Community, the benefit of which shall be equitably distributed among the Partner States;
- Promote common understanding and cooperation among the nationals of the Partner States for their economic and social development; and
- Enhance research and technological advancement to accelerate economic and social development.
Principles of the EAC Common Market:
- Fundamental and operational principles of the Community as enshrined in Art. 6 & 7 of the Treaty establishing the EAC;
- Principle of non-discrimination of nationals of other Partner States on grounds of nationality;
- Principle of Most Favored Nation accord to nationals of other Partner States treatment not less favourable than the treatment accorded to third parties;
- Ensure transparency in matters concerning the other Partner States;
- Share information for the implementation of the EAC Common Market Protocol.
There are general provisions in the Protocol that touch on the following: Institutional Framework needed to operationalize the East African Community Common Market; Approximation and Harmonisation of Policies, Laws and Systems; Safeguard Measures; Measures to address imbalances; Monitoring and Evaluation; Regulations, Directives and Decisions; Annexes; Amendment of the Protocol; Settlement of Disputes; Entry into Force; and Depository and Registration.
Common Market Annexes
The implementation of the EAC Common Market Protocol will be guided by the relevant Annexes which are integral parts of the Protocol. So far, 6 Annexes are in place to guide the implementation of the various Articles of the Protocol. The Annexes are:
- Free Movement of Persons
- Free Movement of Workers
- Right of Establishment
- Right of Residence
- Schedule of Commitments on the Progressive Liberalisation of Services
- Schedule on the Removal of Restrictions on the Free Movement of Capital
|EAC Common Market Act.pdf||624 KB||16-02-15 10:35|
|Common_Market_Protocol.pdf||507 KB||16-02-15 10:35|
|Annex_on_the_Right_of_Residence.pdf||185 KB||16-02-15 10:35|
|Annex_on_the_Right_of_Establishment_01.pdf||204 KB||16-02-15 10:35|
|Annex_on_the_Free_Movement_of_Workers.pdf||452 KB||16-02-15 10:35|
|Annex_on_the_Free_Movement_of_Persons.pdf||125 KB||16-02-15 10:35|
|Schedule_on_Trade_in_Services.pdf||919 KB||16-02-15 10:35|
|Schedule_on_the_Free_Movement_of_Capital.pdf||240 KB||16-02-15 10:35|