Member Countries: 5
Population: 143.5 million
Total GDP: $110.3 billion
Source: EAC Facts & Figures Report (2014)
Kenya’s membership of regional economic blocs, coupled with its strategic geographic position, make the country the gateway to the huge EAC and COMESA regional markets and a beneficiary of several preferential trade arrangements.
Member Countries: 20
Population: 469 million
Total GDP: USD 636 billion
Source: COMESA (2013)
PREFERENCIAL TRADE TREATMENT
Kenya is a member of several trade arrangements and beneficiary of trade promotion schemes that include the Africa Growth and Opportunity Act (AGOA), World Trade Organisation and EAC-EU Trade Agreement.
There will soon be Tripartite Free Trade Area (FTA) cooperation, a regional bloc of the EAC, COMESA & SADC nations – creating a potential market of over 600 million.
- Market Integration
- Infrastructure development
- Industrial development
- Harmonization and improvement of functionality of regional trade agreements and programs
- Trade promotion
- Joint planning and implementation of infrastructure programs
- Free movement of business persons within the region