Decline in trade levels was partly attributed to drop in aggregate demand levels

Ministers, Principal/Permanent Secretaries from EAC States alongside EAC Officials who met in Arusha during the just concluded Extra-Ordinary council on Trade, Industry, Finance and Investment..

Countries making up the East African Community (EAC) have raised the red flag following the release of Trade and Investment Performance Report.

The report indicates that total trade declined by 19.5 per cent from $55.4 billion (Sh5.56 trillion) in 2015 to $44.6 billion (Sh4.46 trillion) in 2016.