Deputy President Ruto in Egypt for Regional Business Summit

Deputy President William Ruto is in Egypt to attend an inter-governmental business summit.

Ruto will join Heads of States and governments during the Third Tripartite Summit of the Common Market for Eastern and Southern Africa (Comesa), East African Community (EAC) and Southern African Development Community (SADC) in Sharm El Sheikh.

The Deputy President will be representing President Uhuru Kenyatta in the meeting, whose aim is to make it easier for movement of goods, people and services among African countries.

The meeting will witness the signing of Tripartite Free Trade Area agreement that will bring together member countries to promote economic and social development in the region by creating a single market with free movement of goods and services.

The agreement will require member states to among other things expedite the process towards operationalization of the COMESA-EAC-SADC Tripartite Free trade Area by removing bottlenecks to trade.

Member countries will also be required to finalise outstanding issues and commence phase two negotiations covering trade in services, cooperation in trade and development, competition policy, intellectual property rights and cross border movements.

The countries will be asked to cooperate on customs matters and implement trade facilitation measures.

Ethiopian Prime Minister Haillemariam Desalegn will take over as chairperson of the Tripartite Summit, a seat currently held by President Robert Mugabe of Zimbabwe.

Source : Capital FM