Comesa

COMESA
- SUSHIL DIXIT ASHISH BAJAJ SACHIN ASHWIN
Common Market for Eastern & Southern Africa
ABOUT comesa
History Vision & Mission
Customs Union A Customs Union maybe defined as a merger of two or more customs territories into a single customs territory, in which customs duties and other measures that restrict trade are eliminated for substantially all trade between the merged territories. The territories, in turn apply the same duties and measures in their trade with third parties. In preparation for a Customs Union the Eleventh Meeting of the Council of Ministers held in Cairo, Egypt adopted a Road Map that outlined programmes and activities whose implementation was necessary before the launching of the Union. It is expected that the launch will be achieved by the year 2008
Free trade area
Customs union Trade promotion Institutions COMESA Offers Decision making Strategy Authority
ABOUT comesa
History
Vision & Mission Free trade area
Vision : COMESAs Vision is to be a fully integrated, internationally competitive regional economic community with high standards of living for all its people ready to merge into an African Economic Community Mission : Its Mission to Endeavour to achieve sustainable economic and social progress in all Member States through increased co-operation and integration in all fields of development particularly in trade, customs and monetary affairs, transport, communication and information, technology, industry and energy, gender, agriculture, environment and natural resources, the Secretariat was guided to develop its specific Mission Statement as follows: To provide excellent technical services to COMESA in order to facilitate the regions sustained development through economic integration.
ABOUT comesa
Free trade area
A Free Trade Area The FTA was achieved on 31st October, 2000 when nine of the member States namely Djibouti, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe eliminated their tariffs on COMESA originating products, in accordance with the tariff reduction schedule adopted in 1992.This followed a trade liberalisation programme that commenced in 1984 on reduction and eventual elimination of tariff and non-tariff barriers to intra- regional trade. Burundi and Rwanda joined the FTA on 1st January 2004. These eleven FTA members have not only eliminated customs tariffs but are working on the eventual elimination of quantitative restrictions and other non-tariff barriers.
ABOUT comesa
HISTORY: The history of COMESA began in
HISTORY
December 1994 when it was formed to replace the former Preferential Trade Area (PTA) which had
Vision & Mission
Free trade area
existed from the earlier days of 1981. COMESA (as

defined by its Treaty) was established 'as an organisation of free independent sovereign states which have agreed to co-operate in developing their natural and human resources for the good of all their people' and as such it has a wide-ranging series of objectives which necessarily include in its
priorities the promotion of peace and security in the

region.
ABOUT comesa
History Vision & Mission Customs union
Trade Promotion Other objectives which will be met to assist in the achievement of trade promotion include: Trade liberalisation and Customs co-operation, including the introduction of a unified computerised Customs network across the region. Improving the administration of transport and communications to ease the movement of goods services and people between the countries. Creating an enabling environment and legal framework which will encourage the growth of the private sector, the establishment of a secure investment environment, and the adoption of common sets of standards. The harmonisation of macro-economic and monetary policies throughout the region.
Free trade area

Trade promotion
Institutions COMESA Offers Decision making Strategy Authority
ABOUT comesa
Several institutions have been created to promote sub-regional co-operation and development. These include: The COMESA Trade and Development Bank in Nairobi, Kenya The COMESA Clearing House in Harare, Zimbabwe The COMESA Association of Commercial Banks in Harare, Zimbabwe The COMESA Leather Institute in Ethiopia The COMESA Re-Insurance Company (ZEP-RE) in Nairobi, Kenya In addition a Court of Justice was also established under the COMESA Treaty and became formally operational in 1998. Further initiatives exist to promote cross border initiatives, form a common industrial policy and introduce a monetary harmonisation programme.
Free trade area
ABOUT comesa
What COMESA Offers COMESA offers its members and partners a wide range of benefits which include: A wider, harmonised and more competitive market Greater industrial productivity and competitiveness Increased agricultural production and food security A more rational exploitation of natural resources More harmonised monetary, banking and financial policies More reliable transport and communications infrastructure
Free trade area
ABOUT comesa
COMESA has evolved a comprehensive decision making structure at the top of which are the Heads of State of the 20 member countries. There is then a Council of Ministers responsible for policy making, 12 technical committees and a series of other advisory bodies (including specific relations with partner countries and the business community). In addition each member state appoints liaison persons in their appropriate ministries who form part of the day-today communication process. Overall co-ordination is achieved through the Secretariat, based in Lusaka, Zambia, who will be happy to deal with all initial communication.
Free trade area
ABOUT comesa
Strategic Options Strategic Choice Programme Structure and Focus Trade Development Investment Development Infrastructure Development Science and Technology (S&T) Development
Free trade area
ABOUT comesa
The COMESA Authority
Free trade area
The COMESA Authority comprises of the Heads of State and Government of the different COMESA Countries; the Authority is COMESA's supreme policy-making organ. It is responsible for the general policy direction and control of the performance of the executive functions of COMESA. It is headed by a Chairman elected for an agreed period. The Authority meets once a year, but may hold an Extraordinary Summit at the request of any member of the Authority, provided that one-third of the members of the Authority support such a request. The last extraordinary Summit was held in 2000 at the official launching of the COMESA FTA. Summits are held in various member States, with the host Government and the COMESA Secretariat bearing joint responsibility for their organization. Usually, the country hosting the Summit assumes the chairmanship of the Authority for the year.
MEMBER STATES
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. Burundi Comoros D.R. Congo Djibouti Egypt Eritrea Ethiopia Kenya Libya Seychelles Madagascar Malawi Mauritius Rwanda Sudan Swaziland Uganda Zambia Zimbabwe
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Thank you for your interest
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Comesa

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COMESA

- SUSHIL DIXIT ASHISH BAJAJ SACHIN ASHWIN

Common Market for Eastern & Southern Africa

Free trade area

Vision & Mission

Free trade area

existed from the earlier days of 1981. COMESA (as

priorities the promotion of peace and security in the

Free trade area

Institutions COMESA Offers Decision making Strategy Authority

Free trade area

Free trade area

Free trade area

Free trade area

History Vision & Mission

Free trade area

Thank you for your interest

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