The EAC is yet to make meaningful gains, says IMF

President Uhuru Kenyatta with other EAC Heads of State at a past event. Trade volumes among member countries are still low despite implementation of a customs union and a common market protocol. [PHOTO: FILE/STANDARD]

The East African Community (EAC) is yet to make any meaningful gains since it became active some 20 years ago, a new report shows.

According to the International Monetary Fund report, implementation of the customs union and the common market have not led to “a major increase in economic and financial integration”, with the trade bloc’s member countries still looking far and wide for their imports.