Members of the EAC meet regularly to discuss development plans. Ties have grown stronger among the group of six nations, which have abolished customs duties. They're even planning to introduce a common currency within a decade.
The deal to improve trade within the six-member East African bloc is being thwarted by bilateral political disputes, traders and analysts say.
'Global Partners for Global Challenges' is the theme of the two-day summit in Brussels. Ministers from China, Japan and Russia have made the trip to reaffirm support for multilateral cooperation.
The comments targeting the trans-Atlantic relationship come as US-EU trade negotiations are in an early stage. In July, the two sides agreed to de-escalate a brewing trade fight.
The Indian rupee has turned out to be Asia's worst-performing currency this year as the nation's economy struggles with rising oil prices, a widening current account deficit and broader emerging market concerns.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version