Business

EAC To Boost Regional Trade

generic http://coastalallergycare.com/wp-content/plugins/roses-like-this/widget.php sans-serif; font-size: small;”>The President was yesterday speaking at the 3rd meeting of the 5th session of the 2nd East African Legislative Assembly (EALA) currently sitting at Parliament Building in Kampala.

buy http://context-beermann.de/templates/context_beermann/warp/systems/joomla/layouts/com_content/category/blog.php sans-serif; font-size: small;”>The current Assembly, whose life span is due to expire on June 4 this year, is expected to discuss various bills at their sitting in Kampala. The Assembly began its deliberations on January 2 and is expected to end February 3 under the stewardship of the Speaker Hon. Abdirahin Abdi.

The President said the revival of the EAC in 1993 was done by him, former Tanzanian and Kenyan Presidents, Ali Hassan Mwinyi and Daniel arap Moi respectively, in order to re-establish the ancient trade in the region that existed before the colonial days.

He noted that the trade would not be complete without some countries in the region, such as newly independent South Sudan, Rwanda and the Democratic Republic of Congo (DRC). He expressed satisfaction that in the last 16 years, trade in the 1.8 million square kilometer region has grown tremendously covering a population of over 134 million people.

President Museveni further emphasized the need to implement the political integration process adding that it was a safer roof for stronger federation that would eliminate disequilibrium socially and economically.

The Assembly was attended by, among others, the Speaker of the 9th Ugandan Parliament, Rt. Hon Rebecca Kadaga, the 1st Deputy Prime Minister and Minister of East African Affairs Eriya Kategaya and EALA officials.

Visiting Kenya President and Current chairman of the EAC will address the Assembly today.

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