Common Market for East and Southern Africa
The Southern African Development Community (SADC) has okayed Tanzania’s multi-regional block membership, thus paying the way for the east African country to remain in SADC with its East African Community affiliation.
The transformation of the Common Market for Eastern and Southern Africa (Comesa) Free Trade Area (FTA) into a Customs Union in the next two years will open up bigger markets for exporters, an industrialist has said.
The World Economic Forum on the Middle East concluded in Egypt last month with the drawing up of a list of objectives aimed at driving the growth of the regional economy. In the wake of these talks one thing is clear; business in many sectors is booming and Egypt’s manufacturing industry is reaping the rewards of the Arab Free Trade Agreement (AFTA).
East African countries have been implored to pull out their individual membership from the Common Markets for Eastern and Southern Africa (COMESA) and South Africa Development Community (SADC) and choose the suitable one to re-join it as an EAC bloc.
President Kagame, who was officially opening the 21st Common Market for Eastern and Southern Africa (COMESA) Council of Ministers meeting at Hotel Intercontinental, said that while Africa is keenly negotiating for a fairer international trade system, it had done little to open up its markets with conducive investment climates and policies.
Comoros and Libya have joined the Free Trade Area (FTA) of the Common Market for Eastern and Southern Africa (COMESA), the continent’s largest economic group.
Uganda will join the Common Market for East and South Africa (Comesa) Free Trade Area within three weeks. Mr Nathan Nabeta, State Minister for Trade disclosed.
The challenges of overlapping memberships of regional groupings are coming to the fore as African, Caribbean and Pacific (ACP) countries seek a new economic partnership with the European Union (EU).
Ugandan manufacturers are bitter with the government over its delay to sign the Free Trade Agreement.
Uganda is losing business in the Sudanese market because of its failure to ratify the Free Trade Area of the Common Market for East and Southern Africa (Comesa).
RELEGATION of the trade ministry to peripheral roles in anticipation that the private sector will drive development has made Uganda fail to benefit from regional and bilateral trade associations.
Kenya and Sudan have sorted out differences over the compliance of Comesa rules of origin.
ZANIS-Vice President Lupando Mwape has advised the Common Market for Eastern and Southern Africa (COMESA) to take into account the global, regional and local developments in all its endeavours.
Common Market for Eastern and Southern Africa (COMESA) countries have differed with the European Commission (EC) on the development agenda of the Economic Partnership Agreement (EPA) currently under negotiations.
Mauritius and India are expected to sign a preferential trade agreement (PTA) next week to boost the island’s exports and provide India with the opportunity to tap into African markets.
Regional trade integration bodies must stand together and prevent outside forces like the European Union (EU) from promoting divisions to suit their varied agendas, especially when dealing with African member states, a Government minister has urged.
The proposed East and South Africa economic block will not replace the Common Market for Eastern and Southern Africa (Comesa).
The Common Market for Eastern and Southern Africa (COMESA) Secretary General Erastus Mwencha said his organization is looking forward to strengthening its relations with China, particularly in the area of trade and investment. He declined to elaborate on details of the trade agreement, but implied that it will be something like the Economic Partnership Agreement being negotiated by COMESA with the European Union or the Africa Growth Opportunity Act of the United States.
The Common Market for Eastern and Southern Africa (COMESA) said it wants changes to the current intellectual property right system to protect the interests of developing countries. It will accordingly conduct an audit and formulate a negotiating position for COMESA member countries in their negotiations with the European Union for the Economic Partnership Agreements due to start in December 2005.
A comprehensive report on research undertaken by a London-based consultancy firm has revealed tremendous export opportunities for export of Zambian products into selected countries of the Common Market for Eastern and Southern Africa (COMESA) Free Trade Area.