Intergovernmental authority, Trade bloc

Nairobi, Sep 16 The Intergovernmental Authority on Development (IGAD), an East Africa bloc, has launched a trade policy in order to boost regional integration.Fatuma Adan, Head of Mission for Kenya at IGAD, told journalists in Nairobi, the capital of Kenya on Thursday that the IGAD trade policy is designed to create an open and unified regional economic space that will boost intra-IGAD trade by creating the necessary environment and removing obstacles to trade for goods and services.Adan said the IGAD trade policy will provide a mechanism for expanding intra-regional exports of both consumer goods and capital goods through the development of regional value chains, Xinhua news agency reported.IGAD member states include Djibouti, Ethiopia, Kenya, Somalia, Sudan, Uganda, Eritrea and South Sudan.He added that the trade policy will coordinate policies and regulatory trade framework to ensure that measures undertaken across IGAD member states are not contradictory, adding that the policy will also enhance regional integration by assisting its members in the domestication and implementation of the African Continental Free Trade Area (AfCFTA).Adan noted that the trade policy provides a roadmap for implementing trade in a way that maximises the benefits of liberalisation for the IGAD region while limiting the consequences for government revenues that might be caused by the reduction of relatively high tariffs."The policy also identifies measures to strengthen both customs administration procedures and institutional capacity building for cross-border trade facilitation among the IGAD member states," she said.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Intergovernmental AuthorityFOLLOW

Intergovernmental authority, Latest News

Politics :IGAD calls on Sudanese warring parties to sign ceasefire agreement

Addis Ababa, July 11 The Intergovernmental Authority on Development (IGAD), an East African bloc, has called on warring ... ...

Politics :Int'l community calls for Sudanese warring factions to respect ceasefire

Addis Ababa, April 29 The Trilateral Mechanism on Sudan, which brings together the African Union, the Intergovernmental Authority ... ...

Politics :East African leaders call for immediate ceasefire as fighting rages in Sudan

Nairobi, April 17 East African leaders have called for an immediate end to the ongoing fighting in Sudan ... ...

Politics :East Africa's bloc launches trade policy to boost integration

Nairobi, Sep 16 The Intergovernmental Authority on Development (IGAD), an East Africa bloc, has launched a trade policy ... ...