• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, February 25, 2026
  • Login
  • Register
thehopper.news
  • Home
    • Home
    • About
  • Analysis
  • Regions
    • Discussion
    • Africa
    • Asia-Pacific
    • Europe & NATO
    • Americas
    • Russia & Eurasia
    • Middle East & North Africa
  • Themes
  • Intel & Security
  • Foreign Affairs
  • Geopolitics
  • News
    • All
    • Politics
    • World
    Rebel spokesperson killed in DR Congo – media

    Rebel spokesperson killed in DR Congo – media

    Trump’s State of the Union: Key highlights

    Trump’s State of the Union: Key highlights

    India eyes Su-30MKI aircraft upgrade – media

    India eyes Su-30MKI aircraft upgrade – media

    The swamp strikes back: Here’s what the US Supreme Court’s tariff move lays bare

    The swamp strikes back: Here’s what the US Supreme Court’s tariff move lays bare

    Trump delivers State of the Union address: WATCH LIVE

    F-16 fighter jet crashes in Türkiye (VIDEOS)

    Moscow warns against plot to arm Kiev with nukes

    Moscow warns against plot to arm Kiev with nukes

    Why an Iran crisis hits China first

    Why an Iran crisis hits China first

    CIA hunting for Iranian informants

    CIA hunting for Iranian informants

    Israeli troops fired 900+ rounds at Gaza medics – report

    Israeli troops fired 900+ rounds at Gaza medics – report

No Result
View All Result
thehopper.news
No Result
View All Result
Home News

East African trade bloc expands

by Admin
December 18, 2023
in News, Politics, World
0
East African trade bloc expands
27
SHARES
109
VIEWS
Share on FacebookShare on Twitter

Published: December 18, 2023 10:49 am
Author: RT

Somalia has joined the regional trade community

Somalia has officially become the eighth member of the East African Community (EAC) after more than a decade of lobbying to be admitted into the regional trade bloc that operates a single market and allows free movement of goods and people among member states.

The country’s leader, Hassan Sheikh Mohamud, signed the Treaty of Accession with South Sudan President Salva Kiir, who is the current chair of the EAC, in the Ugandan city of Entebbe on Friday, three weeks after Somalia’s membership was accepted. The signing ceremony was witnessed by Ugandan President Yoweri Museveni, the bloc said in a statement.

Somalia has been crippled by conflict since 1991, when its government collapsed following the rise of the jihadist group al-Shabab.

The Horn of Africa country’s economy, which is heavily reliant on livestock and agriculture, has been exacerbated by prolonged droughts and recent heavy floods, dragging it into a hunger crisis. Russia recently shipped 25,000 tons of humanitarian wheat to the food-insecure country, while the UN food program estimates that 4.1 million of its citizens will face acute hunger by the end of the year.

President Mohamud has hailed Somalia’s accession to the regional trade bloc as a chance to achieve “prosperity.”

The EAC was created in 2000, with one of its primary goals being to facilitate cross-border trade by eliminating customs duties between its member countries. It established a common market in 2010.

Somalia has been pushing to join the group since 2011, when former president Sharif Sheikh Ahmed initiated an application process, but some member states have been reported to be hesitant about allowing it.

As part of the criteria for admission to the EAC, new countries must demonstrate principles of good governance, democracy, the rule of law, human rights, and social justice.

However, Somalia was named the world’s most corrupt country in the 2022 Corruption Perceptions Index (CPI), published earlier this year by Transparency International. With three decades of violence and political instability, the African country has consistently ranked as one of the least peaceful in the world, leaving many Somalis in dire humanitarian conditions, according to the organization.

President Mohamud, who took office in May of last year and dissolved two anti-corruption bodies, has been accused of ignoring concerns about the country’s “rampant” corruption.

Read more

RT
Somalia receives free wheat from Moscow

Critics have claimed that Somalia was not prepared to join the EAC, initially made up of Burundi, Kenya, Rwanda, Tanzania, South Sudan, Uganda, and the Democratic Republic of the Congo (DRC), which joined in 2022.

Somalia began negotiations with the EAC in August, with President Mohamud assuring the bloc that his country was working relentlessly to address concerns with the support of member states.

On Friday, the Somali leader welcomed his country’s membership in the trade bloc as a “moment of immense pride.”

“We are united in our pursuit of shared objectives and committed to strengthening economic, social and political ties for the accelerated development of our region,” he wrote on X (formerly Twitter).

Full Article

Tags: Russia Today
Share11Tweet7
Previous Post

Indian foreign minister planning visit to Moscow – media

Next Post

West trying to impose ‘immorality’ on Uganda – activist

Admin

Admin

Next Post
West trying to impose ‘immorality’ on Uganda – activist

West trying to impose ‘immorality’ on Uganda – activist

thehopper.news

Copyright © 2023 The Hopper New

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home
    • About
  • Analysis
  • Regions
    • Discussion
    • Africa
    • Asia-Pacific
    • Europe & NATO
    • Americas
    • Russia & Eurasia
    • Middle East & North Africa
  • Themes
  • Intel & Security
  • Foreign Affairs
  • Geopolitics
  • News

Copyright © 2023 The Hopper New

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.