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Let Capital Move Freely.

The Nation (Kenya)

| November 27, 2010 | COPYRIGHT 2008 AllAfrica Global Media. (Hide copyright information)Copyright

Just over 10 years since the East African Community (EAC) was re-established, all countries are reaping benefits of having done what was the most commonsensical thing to do.

It made little sense for states to shut their markets to their neighbours where transporting goods involved the least cost.

Over time, the EAC, despite scepticism lingering from the tragic collapse of its predecessor in 1977, has made huge strides and now forms the most important market for many businesses in the bloc.

Notwithstanding a number of non-tariff barriers, at times placed on the path of trade by overzealous bureaucrats, it has been worth it.

Although it has taken …

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