Effects of regional trade agreement (EAC) on Kenya exports: the case of agrifood products
Abstract
The classical economists gave some serious thought to the benefits of trade, although
economics of Regional Integration was still a future idea for them. Modern economic
analysis has laid considerable emphasis not only on the complex problems of
international trade, but also on maximization of trade benefits through regional
integration resulting from regional trade agreements. However, the literature on this
subject has produced very mixed results as far as benefits to member states are
concerned. Winners and losers appear to be in equal strength. This study focuses on
Kenya’s exports of agrifood products in the event of EAC-RTA using a gravity
model, the results show that the formation of the EAC-RTA has enhanced increased
Kenya’s exports to the region and especially for agrifood products. The study also
points to chances for higher such trade following modernization of Mombasa and
Lamu ports in the near future
Citation
Degree in Master of Arts in EconomicsPublisher
University of Nairobi