EAC Treaty and EAMU Protocol

E537391

The EAC Treaty and EAMU Protocol form the core legal instruments establishing and governing the East African Community’s process toward a single regional currency and deeper economic integration.

All labels observed (2)

Label Occurrences
EAC Treaty 3
EAC Treaty and EAMU Protocol canonical 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf East African Community legal instruments ⓘ
monetary union legal framework ⓘ
regional economic integration legal framework ⓘ
adoptedBy East African Community Partner States ⓘ
aimsTo enhance macroeconomic stability in the East African Community ⓘ
facilitate free movement of goods, persons, services and capital in the EAC ⓘ
reduce transaction costs associated with multiple currencies in the EAC ⓘ
strengthen regional economic policy coordination in East Africa ⓘ
alignedWith EAC Vision of political federation ⓘ
appliesTo East African Community Partner States ⓘ
basedOnPrinciple gradual and sequential economic integration ⓘ
sovereign commitment of Partner States to pool aspects of monetary sovereignty ⓘ
bindingOn EAC Partner States that have ratified the instruments ⓘ
contributesTo increased intra-EAC trade and investment ⓘ
integration of East African economies into the global economy ⓘ
regional economic stability in East Africa ⓘ
definesInstitutionalFrameworkFor East African Community monetary institutions ⓘ
future East African Community central monetary authority ⓘ
governsProcess coordination of economic and financial policies among EAC Partner States ⓘ
phased implementation of the East African Monetary Union ⓘ
transition toward a single East African Community currency ⓘ
hasComponent Protocol on the Establishment of the East African Monetary Union ⓘ
Treaty for the Establishment of the East African Community ⓘ
hasPurpose establish a single regional currency in the East African Community ⓘ
promote deeper economic integration in the East African Community ⓘ
implementedThrough EAC organs and institutions ⓘ
influencedBy experiences of other regional monetary unions ⓘ
legalBasisFor East African Community monetary integration ⓘ
East African Community single currency project ⓘ
establishment of East African Community common market and monetary union ⓘ
harmonisation of monetary and exchange rate policies in the EAC ⓘ
macroeconomic convergence criteria in the EAC ⓘ
operatesWithin framework of international economic law ⓘ
partOf East African Community legal regime ⓘ
providesFor coordination of financial sector regulation in the EAC ⓘ
development of regional payment and settlement systems ⓘ
establishment of surveillance and enforcement mechanisms for macroeconomic convergence ⓘ
negotiation of timelines for the introduction of a single regional currency ⓘ
recognises importance of safeguarding financial stability during transition to a single currency ⓘ
need for capacity building of national institutions for monetary integration ⓘ
requires adherence to agreed macroeconomic convergence criteria ⓘ
harmonisation of fiscal policies among EAC Partner States ⓘ
harmonisation of monetary and exchange rate policies among EAC Partner States ⓘ
subjectTo ratification by EAC Partner States ⓘ
supportsObjectiveOf creation of a single East African market ⓘ
promotion of balanced and sustainable economic development in the EAC ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

East African Monetary Union → legalFramework → EAC Treaty and EAMU Protocol ⓘ
Treaty for the Establishment of the East African Community → shortName → EAC Treaty ⓘ
linked to: EAC Treaty and EAMU Protocol
Treaty for the Establishment of the East African Community (1999) → shortName → EAC Treaty ⓘ
linked to: EAC Treaty and EAMU Protocol
Customs Union Protocol of the East African Community → linkedTo → EAC Treaty ⓘ
linked to: EAC Treaty and EAMU Protocol