“The five dimensions are in respect to free movement of people; infrastructure integration; macroeconomic integration; productive integration; and trade integration,” EAC said in a communique.
“The EAC Secretariat is highly pleased with this evaluation,” said EAC Secretary General Liberate Mfumukeko.
“This is a clear indication that we are truly on course to the community’s intended objective of transforming the region into a single market for all factors of production for enhanced welfare and economic prosperity of the people of East Africa.”
Experts say regional integration expands markets and trade, enhances co-operation, mitigates risk, and fosters socio-cultural co-operation and regional stability.
It has also been shown to maximise the benefits of globalisation while countering its negative effects, and stimulate development in least-developed countries by improving productive capacity and encouraging investments in infrastructure projects that hold the most economic potential.
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