The scorecard, launched on Wednesday in
The report, that analysed movement of goods, services and capital, shows that all the five partner states still have restrictions on free movement.
On free movement of capital,
The findings also revealed that all the partner states still have restrictions on inward investment from other EAC countries.
It cites the Initial Public Offerings (IPOs) of Bralirwa,
On free movement of services, the scorecard shows that out of 500 key sectoral laws and regulations of the EAC partner state, at least 63 restricted movement of professionals in different fields.
The scorecard recommends amendment of national laws to align them with EAC protocols.
Across the five countries, 75 per cent restrictions were identified in laws, 15 per cent were administrative measures, while 10 were regulatory rules.
While launching the report on Wednesday, countries were urged to create an enabling environment for movement of goods, services and capital in order to spur the integration agenda.
"Domestic laws have to be reformed to allow service providers move freely,"
Though some trade barriers have been removed, the findings show that certificates of origin of goods are still a challenge to traders.
Alfred Ombudo, the lead author of the report, said all the five partner states are yet to fully eliminate non-tariff barriers (NTBs) that affect cross border trade.
Out of 51 reported NTBs, 35 per cent are in
However, he acknowledged that the plan to have all national laws aligned to facilitate free movement of capital, services and goods by 2015 was too ambitious.
"A lot remains to be done and the time remaining is short to meet the deadline," he said.
Most Popular Stories
- High-Tech Home Theaters Undergoing a Revolution
- Amazon Prime Grabs Classic HBO TV Series
- Wellness Programs Grow More Popular With Employers
- Procter & Gamble Income Up on Cost Cutting
- Sales of New Homes Fell 14.5 Percent in March
- Obama Opens Japan Trip with Sushi Stop
- #myNYPD Twitter Campaign Backfires for NYPD
- Google, SunPower Team Up on Solar Power
- FedEx Sued Over Deadly California Bus Crash
- Boeing Flying High With Strong First Quarter