East African Community ( EAC )
The East African Community (Burundi, Kenya, Rwanda, Tanzania, and Uganda) finalised the negotiations for an Economic Partnership Agreement (EPA) with the EU on 16 October 2014. Kenya and Rwanda signed the EPA in September 2016, and Kenya has ratified it.
What trade bloc is Kenya in?
Kenya and
the WTO
Kenya
has been a WTO member since 1 January 1995 and a member of GATT since 5 February 1964.
Which of the following is the most popular form of regional economic integration accounting for almost 90 percent of regional agreements?
Free trade agreements
are the most popular form of regional economic integration, accounting for almost 90 percent of regional agreements.
Which preferential trade group is made up of Kenya Uganda Tanzania Rwanda and Burundi?
Rwanda, Kenya, Uganda and Burundi are all members of
COMESA
. The Southern African Development Community (SADC), established in 1992, and is now composed of 15 member states among which is Tanzania – the only EAC state that also belongs to the SADC bloc.
Why is
the European Council
said to be the ultimate controlling authority within the EU? Draft legislation from the commission can become EU law only if the council agrees.
What 5 important animals can be found in Kenya?
- African buffalo. The African buffalo (Cape buffalo) is one of the Big Five game animals in Kenya. …
- Crocodile. The African Nile crocodile predominant in Kenya is the largest freshwater predator in Africa. …
- Giraffe. …
- Genet. …
- Lesser kudu. …
- Wildebeest. …
- Elephant. …
- Lion.
What is Kenya’s largest export?
Overview. Agriculture dominates the Kenyan economy, accounting for 40% of the overall workforce (70% of the rural workforce) and about 25% of the annual workforce. The country’s major agricultural exports are tea, coffee, cut flowers, and vegetables. Kenya is the world’s leading exporter of
black tea and cut flowers
.
Which is the most enduring free trade area in the world?
The most enduring free trade area in the world, which focuses on free trade in industrial goods and currently includes
Norway, Iceland, Liechenstein and Switzerland
. A group of countries committed to eliminating trade barriers and adopting a common external trade policy.
Where has the movement toward regional economic integration been most successful?
The movement toward regional economic integration been most successful in
Asia
.
What are two potential problems with an economic union?
What are two potential problems with an economic union?
There is a surrender of some national sovereignty
. It requires a coordinating bureaucracy.
What are the types of trade?
- Internal Trade. Wholesale Trade. Retail Trade.
- External trade.
- Export Trade.
- Import Trade.
- Entrepot Trade.
What are the main exports of East Africa today?
Exports to the EU from East African Community are mainly
coffee, cut flowers, tea, tobacco, fish and vegetables
. Imports from the EU into the region are dominated by machinery and mechanical appliances, equipment and parts, vehicles and pharmaceutical products.
What is a free trade country?
A free trade area is
a group of countries that have few or no barriers to trade in the form of tariffs or quotas between each other
. Free trade areas tend to increase the volume of international trade among member countries and allow them to increase their specialization in their respective comparative advantages.
Which of the following is the most frequently aired objection to free trade in Africa?
Which of the following is the most frequently aired objection to free trade in Africa?
These economies are too small for free trade to exist
. These countries are not ready for a full-fledged political union with a common currency. They need to be “protected” by tariff barriers from unfair foreign competition.
Is responsible for proposing EU legislation implementing it?
The European Parliament
is responsible for proposing European Union (EU) legislation, implementing it, and monitoring compliance with EU laws by member-states.
What has no barriers to trade between countries?
A common market
has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members. … An economic union entails even closer economic integration and cooperation than a common market.
