Common Market For Eastern And Southern Africa

Common Market for Eastern and Southern Africa in Global Commerce Policy

In this regard, common market for eastern and southern africa is: COMESA. The treaty establishing COMESA was signed at Kampala on 5 November 1993. The entries on trade policy are here. It is the successor to the Preferential Trade Area for Eastern and Southern African States (PTA). The entries on trade policy are here. Its members are Angola, Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Namibia, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and Zimbabwe. The aims of COMESA are (a) to attain sustainable growth and development of member states by promoting a more balanced and harmonious development of its production and marketing structures, (b) to promote joint development in all fields of economic activity and the joint adoption of macro-economic policies and programs to raise the standard of its peoples and to foster closer relations among members states, (c) to cooperate in the creation of an enabling environment for foreign, cross-border and domestic investment, including the joint promotion of research and adaptation of science and technology for development, (d) to cooperate in the promotion of peace, security and stability among the member states in order to enhance economic development in the region, (e) to cooperate in strengthening the relations between the Common Market and the rest of the world and the adoption of common positions in international fora, and (f) to contribute towards the establishment, progress and the realization of the objectives of the African Economic Community. The entries on trade policy are here. In trade liberalization and customs cooperation, members undertake to (i) establish a customs union, abolish all non- tariff barriers to trade among themselves, establish a common external tariff, and cooperate in customs procedures and activities, (ii) adopt a common customs bond guarantee scheme, (iii) simplify and harmonize their trade documents and procedures, (iv) establish conditions regulating the re-export of goods from third countries within the Common Market, and (v) grant a temporary exemption to Lesotho, Namibia and Swaziland from the full application of some the provisions. COMESA’s secretariat is located at Lusaka.[1]

Common Market for Eastern and Southern Africain the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

Dictionary of Trade Policy, “Common Market for Eastern and Southern Africa” entry (OAS)