East African states have made considerable efforts in recent years to reduce the cost of doing business and boost intra-regional trade.
Sourced through Scoop.it from: globserver.cn
The transport costs in East Africa are on average still about 60% higher than in the US and Europe. Landlocked nations like Rwanda, Uganda, South Sudan and DRC can’t export much because the costs are just so high. The high trade cost is holding back these economies. We aim to solve these challenges through initiatives that increase physical access to markets, enhance the trade environment, and improve business competitiveness.