The President of the Republic of Zambia; and The President of the Republic of Zimbabwe: Conscious of the overriding need to establish a Common Market for Eastern and Southern Africa; Bearing in mind the establishment among their respective States of the Preferential Trade Area for Eastern and Southern African States as a first step towards the Foreign direct investment has increased, with official statistics stating that inflows were at US$51.5 billion ($67.2 billion) in 2011, the most recent available year, and … AUTO SUBTITLE. The formation of the East African Community (EAC) in 1999 by the United Republic of Tanzania, the Republic of Kenya and the Republic of Uganda was the achievement of the trio’s cooperation since the collapse of the original EAC in 1977. Two other states namely Burundi and Rwanda joined the list of COMESA on 1st January 2004. It covers the activities of the COMESA Organs and the COMESA-EAC-SADC Mr. Dieterich, as managing director, is a member of the board of GM (K), which is presently chaired by Mr. Bernard Hinga. COMESA has a free trade area, with 19 member states, and launched a customs union in 2009. To widen and deepen Economic, Political, Social and Culture integration in order to improve the quality of life of the people of East Africa through increased competitiveness, value added production, … August 2012. WE have had a good year with solid achievements and we can look to the future with great optimism and determination, says COMESA secretary general Chileshe Kapwepwe. The Report highlights achievements of COMESA in 2011 and reviews the impact of world trade on Africa in general, and the COMESA region in particular, as well as its influence on our regional integration agenda. COMESA, the Common Market for Eastern and Southern Africa, was established on 8 December 1994 as the successor to the Preferential Trade Area (PTA). Macro-Economic Convergence Achievements Export. Industry and Energy. Leaders attending the 20th COMESA Summit have congratulated the new Secretary General of COMESA Ms. Chileshe Kapwepwe on her appointment to lead the largest economic community in Africa. The main goals of COMESA are to eliminate the structural and institutional weaknesses of member states and to … Among the accomplishments of ARICEA since its launch in January 2003, are: • Adoption of a 5-year business plan framework and some basic rules and procedures; • Contribution to the implementation of the Network on Capacity Building in collaboration with Led to liberalization among member states making easier for membersto trade with one another2. The PTA was established within the framework of the OAU's Lagos Plan of Action (LPA) and the Final Act of Lagos (FAL). AUTO. In Sharm ElShiekh, Egypt, 2015 the member states of three major African regional economic blocks: COMESA, SADC and EAC, agreed on establishing a common free trade area called COMESA-EAC-SADC TFTA. Establishing this FTA is considered as a major step towards Africa’s Continental trade integration which is one of the main objectives of Africa 2063 Agenda. Objectives of COMESA COMESA was established in 1994 to replace the Preferential Trade Area for Eastern and Southern Africa (PTA), which had been in existence since 1981. 43 of Notice No 2 of 2004. Remarkable achievements have been made especially in trade liberalization and facilitation through reduction and elimination of trade and non-trade barriers between member states, which enabled intra COMESA trade to increase substantially. close. COMESA has also established a Committee of Elders to better pursue the objectives. Achievements of COMESA1. DEVELOPMENTS IN AFRICA, MIDDLE EAST AND ASIA. The COMESA Competition Commission (“the Commission”) is an international organization established by COMESA Competition Regulations which were issued in the COMESA Official Gazette Vol. African countries have created many regional trade agreements with the economic objectives of reducing trade barriers and encouraging economic growth. Vision. One of such intra road network currently been built by the ECOWAS is the Lagos-Abidjan highway that starts from Ivory Coast (Elubo) passes through Alflao and terminates in Lagos. Measures have been adopted to improve on infrastructure amongmember states4. The enthusiasm of the EAC to facilitate trade among its members is enshrined in Article 5 (2) of the Treaty establishing … Advantages And Disadvantages Of Comesa Advantages of Total Quality Management (TQM) Improves Reputation - TQM programs have the advantage of improving corporate as well as product reputations in the marketplace, because errors and defective products are discovered much more rapidly than under a non-TQM system, and often before they are ever sent to market or found in the hands of … Sindiso Ndema Ngwenya is the fifth Secretary-General of the Common Market for Eastern and Southern Africa (COMESA) since it was transformed from the PTA in 1994. 9 No.2 as Decision No. Empty. Achievements In promoting sustained economic development of the West African region through the implementation of the Community work programme, ECOWAS has laboured to bring about greater entrenchment of democratic culture, enhanced efficiency in dealing with conflicts, crisis prevention and resolution as witnessed in the restoration of stability to Member States caught in conflict over the years. Egypt has acquired 32 percent of the number of investment projects which have been carried out at the Common Market for Eastern and Southern African (COMESA) member states since the beginning of the year and till July 2020, according to a recent report issued by COMESA. Home Dashboards Made in COMESA Tools Resource Center COVID-19. The tariff barriers were eliminated among the member states, and launched a customs union 2009..., with 19 member states benefit from cooperation in the economic integration of the in. 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