EAC boss lauds TFTA deal

EAC Secretary General Ambassador Richard Sezibera

TFTA IS THE REAL DEAL: EAC Secretary General Ambassador Richard Sezibera

The Secretary General of the East African Community, Dr. Richard Sezibera has the establishment of the Tripartite Free Trade Area (TFTA) will bolster intra-regional trade by creating a wider market, as well as increasing investment flows in the trading bloc.

He said TFTA enhances competitiveness and encourages regional infrastructure development that will propel integration on the continent.

Sezibera made the remarks while bidding farewell to the Danish Ambassador to Tanzania, Johnny Flento, at EAC headquarters this week.

Flento, who has represented his country in Tanzania since 2012, has been posted to Mozambique.

Sezibera briefed the outgoing diplomat onn the latest developments in the regional integration process including the launch of the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC) and Southern African Development Community (SADC) Tripartite Free Trade Area (TFTA).

The trade deal was signed by the COMESA, EAC and SADC Heads of State and Government on 10 June, 2015 in Sharm El Sheikh, Egypt.

Sezibera says TFTA represents an integrated market of 26 countries with a combined population of 632 million people, or 57 percent of Africa’s population. It also provides a total Gross Domestic Product (GDP) of $ 1.3 Trillion (2014), contributing to 58 percent of Africa’s GDP.

The Danish Ambassador recognized the great strides the EAC has taken as far as economic integration is concerned.