TANZANIA: MARKETS/DAILY NEWS/21/6/18 SABANews 1
DAR ES SALAAM – The EAST AFRICAN COMMUNITY, EAC, has this week been scheduled to launch a scheme under which member countries can access foreign markets.
The group has received support under the EUROPEAN Development Fund to set up the EU-EAC Market Access Upgrade Program, which has been dubbed the MARKUP.
The DAILY NEWS says fruit and vegetable growers in TANZANIA and the other FIVE nations of the block will now be able to export their products overseas profitably.
It says farmers in TANZANIA, also a SADC country, KENYA, RWANDA, UGANDA, BURUNDI, and SOUTH-SUDAN, the latest member, stand to benefit if they meet the required standards.
EAC Principal Communication Officer OWORA RICHARD OTHIENO says MARKUP will help small and medium-sized traders across the region to access the EU markets and increase inter-regional trade.
He says it supports producers of a variety of crops, including avocado, cocoa, coffee, horticulture, spices and tea.
Interventions will focus on identification and elimination of barriers to trade; improving competitiveness; and value addition for selected priority sectors.
They will also centre on ensuring compliance with international regulations; providing access to trade finance ventures; and supporting the identification of opportunities for trade and foreign direct investments.
The program will be implemented by the EAC in collaboration with the GERMANY International Development Agency.
The EAC Secretariat and member states will oversee the project implementation by the GERMAN group, mainly focusing on support to the coordination of its Implementation and to the harmonisation of EAC standards.
The DAILY NEWS says the aim is to enhance capacity to exploit fully trade-driven growth potential and strengthen regional integration; amid reports saying the EAC economic growth is consistently surpassing most other AFRICAN regions./Sabanews/cam