Business news By Leo Odera Omolo
February 8th, 2009
Ugandan business people are most optimistic investors in the East African Community(EAC) region followed by Kelly are Rwandese while Tanzanian and Burundians trail the list according to a new report.
It shows the overall treasure climate index across the region tell to 44 in 2008 from 5 in 2007 according to the Business Climate Index 2008 just released.
Started in 2008, the index tracks the status of identified no tariff barriers in the region associating the business confidence and documenting exportations of the business community in regard to trade climate in the future.
A majority of business leaders singled out access to affordable and reliable telecommunications as most important followed by access the water and security.
Transport and energy were cited as business factors affecting trade in the region. According to East African Business Council when conducted the study, the private sector in the region collect grown and become globally competitive should the current business environment change.
“As the EAC progresses to the fourth and final round of tariff reduction in 2009,it is imperative that non tariff benefits ar eliminated as far as possible to ensure that we progress to a fully fledged customs union by 2010,the benefits of the implementation are fully realized by the business community, the EABC’s executive director Charles Mbogori said.
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