Somalia Joins East African Trade Bloc

1 min read
Source: Al Jazeera English
Somalia Joins East African Trade Bloc
Photo: Al Jazeera English
TL;DR Summary

Somalia has officially become the eighth member of the East African Community (EAC), a regional trade bloc, after seeking membership since 2012. The admission of Somalia, with a population of 17 million, expands the EAC market to over 300 million people. The EAC aims to promote free trade by eliminating customs duties among member states and established a common market in 2010. However, Somalia's inclusion may pose security challenges due to its ongoing struggle against the al-Shabab group. Despite concerns about governance and human rights, Somalia's entry is seen as a significant step in the EAC's expansion across East Africa.

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