Common Market for East and Southern Africa
The Ugandan Cabinet has approved the ratification of the EAC-COMESA-SADC Tripartite Free Area Agreement (FTA), paving way for the implementation of the Agreement.
The Tripartite Free Trade Area will comprise 28 countries, cover approximately 18.3 million square kilometers and hold about 61 percent of the continent’s population.
Various steps have been taken by the Indian Government to enhance trade and commercial relations with African countries.
The agreement brings together three regional economic communities – COMESA, EAC and SADC – into a single free trade area covering 57% of Africa’s population with a combined GDP of US$1.3 trillion as of 2015
Nineteen countries have now signed the agreement. For benefits to actually be realized, it must be ratified by at least 14 of the 26 member countries. Only Egypt has ratified it.
Ministers from 26 African countries are meeting in Kampala in another attempt to see through overdue negotiations on the Tripartite Free Trade Area (TFTA).
A paltry eight African have so far ratified the Tripartite Free Trade Area (TFTA) more than two years after it was launched in Egypt, raising fears of a failed continental effort to create an expanded trade barrier free market.
Plans to establish a single market for the 26 African countries in the Eastern and Southern African region – known as the tripartite free trade area (TFTA) – could be overly ambitious.
The 10th EAC-COMESA-SADC Tripartite meeting opened in Nairobi to resolve issues that remain outstanding before the implementation of the Tripartite Free Trade Area.
African policy makers have for a long time taken keen interest in the promotion of intra-regional trade in order to bring about development in the continent.
The inaugural Tripartite Regional Dialogue will ensure inclusive participation of the private sector in the Tripartite Free Trade Area (TFTA) negotiations.
26 African countries signed the Tripartite Free Trade Area (TFTA) agreement. However, only three of Africa’s eight regional economic communities are participating in the TFTA.
The Common Market for Eastern and Southern Africa (COMESA) Council of Ministers has appreciated the progress made so far in the negotiating process that include finalising the outstanding work in Phase 1 of the Tripartite Free Trade Area Agreement (TFTA).
Kenya has been granted a one-year extension of sugar import limits from the regional trade bloc Common Market for Eastern and Southern Africa (COMESA) to revamp its ailing sugar industry.
The Common Market for Eastern and Southern Africa (COMESA) has launched a roadmap that will address differences in standards and regulations that hinder regional trade in maize.
The European Union has signed €85m in grants to facilitate regional integration through removal of internal trade barriers.
The continent of Africa is being unified economically and politically under an EU-style continental regime beyond the reach of citizens. And the entire integration agenda is, in fact, being supported by powers that do not have the interests of Africans in mind.
TFTA states that its aims include harmonisation and improvement of regional trading arrangements, enhancement of trade facilitation.
In a bid to eliminate possible problems associated with sugar trade in Africa’s new trade agreement, the Tripartite Free Trade Area (TFTA), sugar industries of the bloc have resolved to speak in one unified voice.
The Common Market for Eastern and Southern Africa (COMESA) has conducted training workshops for stakeholders in transit trade in preparation for the implementation of regional trade facilitation instruments.