Addressing the Summit, EAC Secretary General Hon. (Dr.) Peter Mathuki, said that the admission of DRC into the EAC comes with increased GDP and expanded market size making EAC a home to about 300 million people, which would be mutually beneficial to the people of both EAC and DRC by providing employment and investment opportunities that come along with this new development. “The EAC now spans from the Indian Ocean to the Atlantic Ocean making the region competitive and easy to access the larger African Continental Free Trade Area (AfCFTA),” said Dr. Mathuki.
“With lower tariffs on goods and the removal of trading restrictions among Partner States, we anticipate that goods and services will move more freely. With a larger market, manufacturers in the EAC, whether large, or SMEs, will benefit from economies of scale, making them increasingly efficient and competitive,” he added.
The Secretary General invited the Private Sector to work closely with the Public Sector to tap the benefits of the entry of the central African nation into the bloc.
Further, Dr. Mathuki said that DRC’s entry also requires integrating the EAC’s trade infrastructure, intermodal connectivity, One-Stop Border Posts (OSBPs), and trade systems to reduce trade time and costs, adding that enhancing trade facilitation will enable formal and informal cross-border trade along the region’s transport corridors.
Upon ascension to The Treaty establishing the East African Community and depositing of the instrument of acceptance with the Secretary-General, DRC will join EAC’s cooperation in all the sectors, programmes and activities that promote the four pillars of EAC Integration. Collaboration in these areas will help us achieve the Community’s objectives as set out in Article 5 of the EAC Treaty
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