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(a). Discuss the gainers and losers following the removal of all barriers to trade in East Africa Community in the areas of; (i) Manufacturing [2

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(a). Discuss the gainers and losers following the removal of all barriers to trade in East Africa Community in the areas of; (i) Manufacturing [2 Marks] (ii) Financial services [2 Marks] (iii) Agricultural sector [2 Marks] (b). Trade between developed and developing economies is trade between unequal partners. Critically evaluate some of the policy measures that may be put in place to regulate the quality and quantity of trade between and among these trading partners [5 Marks] (c). "A customs union may or may not increase welfare of its member countries". Discuss with reference to the theory of second best [4 Marks] END

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