| East African Community Council urges business community to exploit bigger markets |
| Emerging Markets Business News |
| Tuesday, 08 December 2009 13:02 |
|
Kampala, Uganda - The Chairperson of the East African Community Council of Ministers and Minister of the East African Cooperation of Tanzania, Diodorus Kamala has urged the business community in the region to vie for the bigger EAC market rather than concentrating on internal markets which are limited and at times not economically viable .
According to a release from the community headquarters on Tuesday, the minister made the call on Monday in Bujumbura, Burundi where he opened a Trade, Business and Investment Forum on Monday 7 December 2009 at the Novotel, in Bujumbura, Burundi.
Kamala, who was leading a high powered Business Mission to the EAC Partner States from November 29 to December 7, told the Forum that EAC market must be nurtured first and foremost by the private sector. He pointed out that the respective governments in the Partner States have created the enabling environment for the private sector to flourish and hence they should take the opportunity now to expand their businesses. "The governments have played their parts and it is now you, as the engine of growth, to reciprocate," he said. The Tanzanian Business Mission to the EAC Partner States was meant to create a forum for exchange of information on Trade and Investments opportunities through business matching in view of the coming into force of a fully fledged Customs Union in January 2010 and operationalization of the EAC Common Market Protocol in July 2010. The Tanzanian Mission visited Kenya, Uganda, Rwanda and were in thier final leg in Bujumbura, Burundi. -APA |
