EAC: Rhetoric and reality 07-11

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EAC: Rhetoric and reality 07-11

  1. 1. EAC: Rhetoric and reality For members of Economist Corporate Network July 2011
  2. 2. Economic integration: a global phenomenon       Economic and monetary union Economic union Customs and monetary union Common market Customs union Multilateral free trade area
  3. 3. Context: a tangled web … SACU SADC COMESA ECCAS CEMAC EAC IGAD CEN-SAD UMA ECOWAS MRU WAMZ UEMOA LGA AFRICAN UNION CEPOL
  4. 4. … With a shared agenda African Economic Community SACU SADC COMESA ECCAS CEMAC IGAD CEN-SAD UMA ECOWAS MRU WAMZ UEMOA LGA AFRICAN UNION CEPOL EAC Abuja Treaty 1994 1999 2007 2017 2019 2023 2028 2034 Create missing blocs Strengthen intra-REC integration & harmonisation FTA & CU in each bloc Continental FTA & CU Continental Common Market Continental EMU & Parliament
  5. 5. EAC: pulling out the stops Abuja Treaty 1994 1999 2005 2007 2015 2023 2028 2034 Create missing blocs Strengthen intra-REC integration & harmonisation FTA & CU in each bloc Continental FTA & CU Continental Common Market Continental EMU & Parliament Kenya, Uganda, Tanzania sign EAC Treaty EAC Customs Union established Rwanda, Burundi join EAC 2010 EAC Common Market Protocol 2012 EAC Monetary Union? EAC Political Union?
  6. 6. To be, or NTB? Trains, ports & automobiles Core training Rules & regulations Honest is as honest does
  7. 7. Trains: grinding to a halt Required investment: RVR Required investment: TRL GDP per 100km 2 (millions) <10 10-100 100-1000 1000-5000 >5000 www.infrastructureafrica.org Railroad (millions of transport units/year) Not operating <0.5 0.5-1 1-2 >2
  8. 8. (Air and) Sea Ports
  9. 9. Air (and Sea) Ports 2001 2007
  10. 10. Roads
  11. 11. Roads A B C D E What counts: Eight 1,056 km $377m 23 16 17 37 E 57 6 36 45 D 84 9 48 44 C 94 11 36 40 B 97 13 34 50 A Paved Poor Fair Good Type (%) Condition (%)
  12. 12. Finding the corkscrew <ul><ul><li>22 high priority projects </li></ul></ul><ul><ul><li>Overseen by TradeMark East Africa </li></ul></ul><ul><ul><li>Capacity building and systems development </li></ul></ul>
  13. 13. Economist Corporate Network is the membership-based briefing and networking service from The Economist for senior executives seeking insight into economic and business trends across markets and regions. It has regional business groups in Central and Eastern Europe, Middle East and Africa, and Asia Pacific. Independent, fact-based and thought-provoking, Economist Corporate Network provides knowledge and understanding of business issues in these regions. This service builds on the resources of The Economist Intelligence Unit, a sister business to The Economist . Economist Corporate Network Boulevard des Tranchees 16 1206 Geneva, Switzerland Telephone: (43) (0) 5574 21 479 www.corporatenetwork.com Copyright © 2011 The Economist Intelligence Unit Limited . All rights reserved. Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission of The Economist Intelligence Unit Limited.

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