Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 496598,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/496598/?format=api",
    "text_counter": 105,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Nyamunga",
    "speaker_title": "",
    "speaker": {
        "id": 738,
        "legal_name": "Rose Nyamunga Ogendo",
        "slug": "rose-nyamunga-ogendo"
    },
    "content": "together. In all these things, we had an opportunity to invite experts to talk to us and most of the concerns we raised were ironed out. If we look at the benefits that we are going to get as East Africa, it has already been mentioned by most of my colleagues that there will benefits from trade, taxes, and trade across East Africa. Therefore, we may not understand the whole lot of it, but in the long-run, Kenya stands to benefit. When it comes to trade and manufacturing, we are going to have a very large market for our goods, because we are ahead in the East African region in monetary and trade issues.In Kenya, there is a lot of trade restriction and our taxes are more compared to those of other East African countries. Therefore, if we put our currency at par with others across East Africa, we will reduce the taxes that we struggle with here in Kenya. Hon. Speaker, I know most people think that the issue of EACMU is being hurried. But, if you look at other two unions that we have gone through, we are not even half way. We still have ten years and I believe, during the ten years, we will be able to understand the structures and benefits more in order to take everybody on board, mostly traders across the borders. Hon. Speaker, if you look at the monetary union of the European Union, the United Kingdom (UK) chose to remain out of it. They had their own reasons. Some of us felt that, maybe, we become the giants; since we are the giants in East Africa, it will also be fair if we opt to be like UK and remain outside, that is we do not join the monetary union. But, after a lot of discussions and research, we realized that Kenya stands to benefit a lot from this union."
}