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East African Community

East African Community
East African Community

The East African Community (EAC) is an intergovernmental organisation in East Africa. The EAC's membership consists of eight states: the Democratic Republic of the Congo, the Federal Republic of Somalia, and the Republics of Burundi, Kenya, Rwanda, South Sudan, Uganda, and Tanzania. Yoweri Museveni, the president of Uganda, is the current EAC chairman. The organisation was founded in 1967, collapsed in 1977, and was revived on 7 July 2000. The main objective of the EAC is to foster regional economic integration between the organisation's member states. In 2008, after negotiations with the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA), the EAC agreed to an expanded free trade area including the member states of all three organisations. The EAC is an integral part of the African Economic Community. The EAC is a potential precursor to the establishment of the East African Federation, a proposed federation of its members into a single sovereign state. In 2010, the EAC launched its own common market for goods, labour, and capital within the region, with the goal of creating a common currency and eventually a full political federation with its capital at Arusha, Tanzania. In 2013, a protocol was signed outlining their plans for launching a monetary union within 10 years. In September 2018, a committee was formed to begin the process of drafting a regional constitution.

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Economy of Peru.

Area code 913.

See also

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Text from Wikipedia; plate via Wikimedia Commons. Text CC BY-SA 4.0; plate freely licensed (see Commons). Source record. Images and catalogue data are reproduced from open-access collections.

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