East Africa To Boost Cross-Border Trade Laws

Law360, New York (August 20, 2009, 2:43 PM EDT) -- Members of the East African Community trade bloc reportedly plan to adjust their commercial laws in several areas, including banking and insurance, in an effort to increase transparency and raise investors' confidence in cross-border transactions.

The changes to the laws are meant to improve trade bloc integration and help attract more foreign businesses, Reuters reported Thursday, citing the Investment Climate Facility for Africa, a continental investment body.

The revisions will focus on a variety of areas, including banking, business transactions, insurance and reinsurance, procurement and disposal...
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