Common Market for East and Southern Africa
To many sugarcane-dependent families in western Kenya, January 2008 will come with adverse consequences to livelihoods and life itself as Kenya joins more efficient sugar producers in the free market regimes of COMESA and EPA.
With six months remaining for African, Caribbean and Pacific (ACP) countries to sign the Economic Partnership Agreement (EPA), the Common Market for Eastern and Southern Africa (COMESA) says it has intensified discussions with the European Commission (EC) on the rules of origin.
President Mwanawasa alongside other Common Market for Eastern and Southern Africa (COMESA) heads of State endorsed Zambia’s commitment to the launch of the COMESA Customs Union (CU) by December 8 next year during the recently-held COMESA summit in Nairobi, Kenya.
As the latest entrant into the Common Market for Eastern and Southern Africa (COMESA), Libya is a potential trade partner not only for Kenya but the COMESA regional economic bloc which Kenyan President Kibaki currently chairs
The Business Forum has recommended the introduction of penalties to deter Comesa member states from blocking regional trade through non-tariff barriers.
Three African trade blocs from southern and East Africa are moving closer to align and harmonise trade rules for increased integration, a conference resolved on Monday.
The Common Market for Eastern and Southern Africa has urged member states to join the Free Trade Area before the launch of the Customs Union in December to enable the region to fully achieve trade and customs growth.
The just concluded Common Market for Eastern and Southern Africa (Comesa) Heads of States Summit in Nairobi seemed to confirm the existence of an uneven playing field in global trade.
The leaders mandated Kenyan President Mwai Kibaki to convene a joint summit of COMESA, the South Africa Development Community (SADC) and the East African Community (EAC) to discuss the harmonization of the cross-border trading system.
Africa’s largest trade bloc (COMESA) is in the final stages of setting up a customs union after completing work on tariffs to charge on goods imported from outside the group.
Trade among the 19 Comesa member states is currently worth more than Sh420 billion.
The Common Market for Eastern and Southern Africa (Comesa) has signed an agreement that gives member States uninterrupted European Union market access. The new pact, which covers 25 years will become effective in January next year and is aimed at addressing trade disparities between Europe and Comesa countries.
Kenyan manufacturers have rebuffed calls by the International Monetary Fund (IMF) for a reduction of import duty.
Trade Minister Mukhisa Kituyi has said preparations for the 12th COMESA Heads of State and Government Summit are on course.
Heads of government and policy organs of the Common Market for Eastern and Southern Africa (Comesa) will meet in the Kenyan capital Nairobi from May 11-23 to consider the progress made on the Economic Partnership Agreements with the European Union among other things.
Sugar cane farmers have added their voice to demands that Government seeks an extension of the Comesa moratorium, which comes into effect from early next year. The Kenya Sugarcane Grower’s Union officials petitioned President Kibaki to lead the extension campaign to enable local factories and market get ready to compete with the imports from the region.
The future of talks between 16 Eastern and Southern African (ESA) countries and the European Union hangs in the balance after the ESA countries accused the EU of smuggling a document into the agenda at their recent meeting in the Burundi capital, Bujumbura.
Business among Comesa countries has doubled in the past two years, and currently stands at more than $7.8 billion. And the number of countries that have joined the club’s Free Trade Area (FTA) has grown to 13, with others waiting on the sidelines.
Libya is to become the second North African country after Egypt to join the Free Trade Area of the Common Market for Eastern and Southern Africa (Comesa). The implication is that exports from this oil-rich country will now have duty-free access to 13 other Comesa member-states that have so far signed on to the Free Trade Area arrangement.
Swaziland’s private sector has raised concern on which direction the country would take in 2008 when the Common Market for East and Southern Africa (COMESA) assumes a customs union status.