CHAPTER ELEVEN CO-OPERATION IN TRADE LIBERALISATION AND DEVELOPMENT ARTICLE 74 East African Trade Regime In order to promote the achievement of the objectives of the Community as set out in Article 5 of this Treaty, and in furtherance of Article 2 of this Treaty, the Partner States shall develop and adopt an East African Trade Regime and co-operate in trade liberalisation and development in accordance therewith. ARTICLE 75 Establishment of a Customs Union 1. For purposes of this Chapter, the Partner States agree to establish a Customs Union details of which shall be contained in a Protocol which shall, inter alia, include the following: (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) The application of the principle of asymmetry; The elimination of internal tariffs and other charges of equivalent effect; The elimination of non-tariff barriers; Establishment of a common external tariff; Rules of origin; Dumping; Subsidies and countervailing duties; Security and other restrictions to trade; Competition; Duty drawback, refund and remission of duties and taxes; Customs co-operation; Re-exportation of goods; and Simplification and harmonisation of trade documentation and procedures. 2. The establishment of the Customs Union shall be progressive in the course of a transitional period as shall be determined by the Council. 3. For purposes of this Article, the Council may establish and confer powers and authority upon such institutions as it may deem necessary to administer the 52