GOOD NEWS
It is projected that each of the five member states will create 500,000 jobs, or 2.5 million every year, according to Gaggawala. "Traders will no longer have to suffer moving their products across the countries as some of the restrictions will be relaxed," Gaggawala said.
The cost of doing business will reduce, following the development of efficient communication infrastructure through high-speed internet connectivity across the region, he said. The community plans to have a common energy network, through which member countries will share electricity supply.
The chairperson of the parliamentary committee on tourism, trade and industry, John Bosco Lubayayi, said the common market will provide enormous opportunities. "East Africans will be able to freely visit or cross into other East African Countries for social, academic and business related purposes," Lubayayi said.
Consumers, according to lubyayi, would get access to a variety of cheaper and better quality products and services, thanks to the competitive environment.
Pade Brian
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