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Topic: COMESA


In the News (Tue 22 Dec 09)

  
  Common Market for Eastern and Southern Africa - Wikipedia, the free encyclopedia
The Common Market for Eastern and Southern Africa, is a free trade area with twenty one member states stretching from Egypt to Namibia.
COMESA formed in December 1994, replacing a Preferential Trade Area which had existed since 1981.
 Libya - admitted as a full member at the 10th Summit of COMESA in June 2005.
en.wikipedia.org /wiki/COMESA   (111 words)

  
 Impediments to Economic Integration in Africa: The Case of COMESA   (Site not responding. Last check: 2007-10-11)
Second, COMESA is the largest regional grouping in Africa, in terms of the number of member states— it claims 22 members, almost half the total number of countries in Africa.
COMESA is home to 10 of the poorest countries in the world: Angola, Burundi, Ethiopia, Malawi, Mozambique, Rwanda, Somalia, Sudan, Zaire and Zambia.
According to the COMESA Brief of 1994, member states have recognized that unless a large enough economic space can be created to attract and give guarantees to domestic, cross-border and foreign direct investment, the transformation of these economies from extreme dependence to self-reliance cannot be realized within the foreseeable future.
www.rh.edu /jbdn/jbdnv203.htm   (3031 words)

  
 Common Market of Eastern and Southern Africa, COMESA
COMESA is to establish a Free Trade Area (FTA) by the year 2000 and all countries are supposed to have reduced tariffs by 80% as at October 1996.
The COMESA region (excluding South Africa) is not yet in a position to attract FDI and portfolio funds at a level which would result in a significant economic impact, because of the real and perceived risks associated with investment in the region, and because of the perception that returns on investment in Africa are low.
Most COMESA countries are individually too small to achieve economies of scale in the production and marketing of their products and need to work together as a region if they are to achieve significant levels of economic growth and compete in a world market which is becoming increasingly dominated by large trading blocs.
www.itcilo.it /english/actrav/telearn/global/ilo/blokit/comesa.htm   (6232 words)

  
 Al-Ahram Weekly | COMESA | Economic, and moral, imperatives   (Site not responding. Last check: 2007-10-11)
COMESA's Kenyan-born secretary-general, Dr Erasmus Mwencha, is confident that his organisation can, despite several serious challenges, successfully function as a magnet for attracting foreign funds.
COMESA covers 21 member states which individually face many challenges, chief among which is their low level of development.
The challenge for COMESA is to ensure, through regional integration, that the domestic growth and competitiveness of small economies is strengthened, powers of domestically entrenched special-interest groups and rent-seekers weakened, and policy stability and credibility enhanced, thus making it easier to attract investment.
weekly.ahram.org.eg /2000/471/comesa3.htm   (2052 words)

  
 COMESA Highlights Effective Public Procurement to Fight Corruption
COMESA had announced the establishment of Public Procurement Reform Project in Abidjan, Cote d’Ivoire, in December 1998 with the aim of addressing weaknesses such as deficiencies in procurement policies, restrictions against fair competitions, and revenue loss through non-transparent procurement practices.
COMESA needs to jointly fight impropriety, wastefulness and corruption, according to Getachew Gebre, as all these were a scourage and evil.
COMESA could not live with these because at the end of he day, it is the people who then suffer when they are denied essential goods and services.
www.addistribune.com /Archives/2003/02/14-02-02/COMESA.htm   (600 words)

  
 Comesa experts confront food security problem
According to the experts, the idea of a revolving fund was to enable member states finance the purchase of food crops from farmers and thereby prevent the commodities from going to waste due to lack of markets.
Comesa Secretary General Erastus Mwencha told the Comesa countries to consider decentralising grain storage and suggested border points as being ideal.
The experts recommended that Comesa member states involve the private sector in the development of irrigation and investment in the irrigation sector.
www.eastandard.net /archives/cl/print/news.php?articleid=3441   (667 words)

  
 AGOA paying off for COMESA   (Site not responding. Last check: 2007-10-11)
Appel called on all COMESA countries to take full advantage of the extension of AGOA to 2015 and the extension of the indemnity from the “third country fabric” rule from 2004 to 2007.
While COMESA countries have managed to attract investment to the tune of US3.9 billion since 2000, Angola and Sudan have attracted a disproportionate amount of this investment with US2.8 billion going to these two countries - most of which is aimed at the petroleum industry.
COMESA secretary general Erustus Mwencha echoed his sentiments, saying that an increase in the production of goods and services for both intra-COMESA and extra-COMESA trade required an injection of capital from investors.
www.tralac.org /scripts/content.php?id=3160&print=1   (360 words)

  
 Al-Ahram Weekly | Economy | Showcasing COMESA   (Site not responding. Last check: 2007-10-11)
COMESA 2000 aims at increasing international awareness of this African economic grouping and identifying investment opportunities in its region.
The COMESA countries are richly endowed with natural resources, yet because of the generally poor level of economic development many of the resources remain untapped.
COMESA mineral wealth includes an estimated 300 billion metric tonnes of phosphates, 105 billion tonnes of iron ore and 2,000 billion tonnes of petroleum.
weekly.ahram.org.eg /2000/470/ec1.htm   (2121 words)

  
 COMESA signs TIFA with USA   (Site not responding. Last check: 2007-10-11)
The TIFA was signed by secretary general of COMESA, Mr Erastus Mwencha and the United States Trade Representative, ambassador Robert Zoellick at the end of the first Africa Growth and Opportunity Act US-sub-Saharan Africa trade and economic co-operation forum in Washington DC.
The agreement provides for the convening of a council on trade and investment which is to consist of representatives from COMESA and the Office of the United States Trade Representative on specific trade and investment related issues.
COMESA also claims close ties to US departments of agriculture, transport, energy, treasury, commerce as well as the Overseas Private Investment Co-operation, and he Export and Import Bank of the US.
www.economist.com.na /2001/161101/story11.htm   (585 words)

  
 South Bulletin - COMESA - Africa's First Free Trade Area
COMESA aims to achieve integration and co-operation in all fields of development between its members, particularly in the areas of trade, customs, monetary affairs, transport, communication, information, technology, industry,...etc. In other words, COMESA's goals are to improve the living standards of its people and to develop their overall economies through integration of trade and investment.
The arrangements taken by COMESA are in conformity with the regional trade arrangements recognized by the WTO.
In brief, COMESA has tremendous opportunities to develop the economies of its member states by working collectively and rationally vis- a- vis the challenges that face such a grouping of developing countries.
www.southcentre.org /info/southbulletin/bulletin03/bulletin03.htm   (966 words)

  
 COMESA -SEATINI bulletin
The Common Market for Eastern and Southern Africa (COMESA) is the principal agency for facilitating the negotiations for an Economic Partnership Agreement (EPA) between the twenty-five members of the European Union (EU) and sixteen countries in the eastern and southern African region (ESA).
One suggestion is for COMESA and the 16 countries to recognise that African countries (and ACP generally) are put on the defensive by Europe.
Secondly, COMESA and the sixteen countries should demand that they need to carry out proper studies on a number of issues that are crying out for clarification and analysis.
www.seatini.org /bulletins/7.09.php   (3276 words)

  
 Business moves more freely in COMESA
COMESA -- expected to establish a free trade area by the year 2000 and a customs union by 2004 -- has made substantial progress in simplifying, modernizing and harmonizing customs and transit procedures, thus facilitating and improving transport and trade.
COMESA's annual growth of trade with third parties averaged 7.1 per cent and economic growth reached 4.5 per cent in 1997, the highest recorded over the last 10 years.
COMESA Assistant Secretary-General for Programmes Sindiso Ngwenya emphasizes that harmonization is essential for the creation of a single and liberalized market.
www.un.org /ecosocdev/geninfo/afrec/subjindx/121trad.htm   (937 words)

  
 COMESA
Consequently, COMESA and SADC are in the process of establishing a framework that will lead to complementarity and co-operation in their activities.
COMESA succeeded the PTA in 1994 with the aim of strengthening the process of regional economic integration that had been initiated under the PTA, in order to help member states achieve sustainable economic growth.
COMESA's main priority is the establishment of a free trade area by October 2000.
www.mfd.mu /cross/comesa.htm   (450 words)

  
 Winne.com - Report on Kenya, Changes his ways
COMESA was established in 1994 through the transformation of the Preferential Trade Area for eastern and Southern Africa (PTA).
The fourth Summit of COMESA Authority held in Nairobi agreed that COMESA should be active in promoting peace and stability in line with the provisions of the Treaty since peace and security are pre-requisite to the achievement of the regional integration objectives of the group.
COMESA countries total exports to the region have risen from 38.l% in 1997 to 44.0% in 1998.
www.winne.com /kenya/to20.html   (2341 words)

  
 AEGiS-AFP News: COMESA-AU-Ethiopia: COMESA must play decisive role in creating African Union: Ethiopia - June 5, 2002
COMESA held a summit meeting held last week to promote its free trade area (FTA), which, although launched in October 2000, still comprises just nine member states.
At last week's summit meeting, other COMESA member states were strongly encouraged to join the FTA, within which goods and services produced in one country are traded on a zero-tariff basis in any other.
COMESA comprises a potential market of 340 inhabitants and a total GDP of 170 billion dollars (185 billion euros).
www.aegis.com /NEWS/AFP/2002/AF020613.html   (482 words)

  
 COMESA LAUNCH HERALDS NEW ERA FOR AFRICA
COMESA comprises 20 countries, nine of which agreed to eliminate duties, tariffs and trade barriers in order to stimulate economic development and integration among themselves.
COMESA has to grapple also with all sorts of non-tariff barriers and the simplification of COMESA’s rules of origin.
Conflicts in COMESA are unsustainable and may dent the future viability of the new dawn in the sub-region.
www.queensu.ca /samp/migdocs/comesa.htm   (1285 words)

  
 Common Market of Eastern and Southern Africa (COMESA)
COMESA formally succeeded the PTA on 8 December 1994.
The establishment of COMESA was a fulfilment of the requirements of the PTA Treaty, which provided for the transformation of the PTA into a common market ten years after the entry into force of the PTA Treaty.
COMESA is the largest regional economic community in Africa.
www.dfa.gov.za /foreign/Multilateral/africa/comesa.htm   (302 words)

  
 comesa
COMESA was established in 1994 to replace the Preferential Trade Area for Eastern and Southern Africa (PTA), which has been in existence since 1981.
The COMESA Treaty envisions a fully integrated, internationally competitive regional economic community; a community within which there is economic prosperity as evidenced by high standards of living for its people, political and social stability and peace, and a community within which goods, services, capital and labour are free to move across national borders.
COMESA's goals are to improve the living standards of its people and to develop their overall economies through integration of trade and investment.
www.djiboutinvest.dj /fr/opports/comesa.htm   (4260 words)

  
 World Economic Forum Knowledge Navigator - Regional Integration in COMESA and Building Economic Ties With SADC   (Site not responding. Last check: 2007-10-11)
He indicated that in October 2000 COMESA would be a free trade area.
He also alluded to the problem that there would be increased tension between COMESA and SADC in the future.
He also recommended that joint commissions be established between SADC and COMESA to investigate and address specific issues.
www.weforum.org /site/knowledgenavigator.nsf/Content/_S2613?open   (542 words)

  
 Trade Tour - COMESA [ Biz/ed Virtual Developing Country ]
In 1978 a meeting of the regions government ministers recommended the creation of a regional trade bloc, beginning with a preferential trade area which would be gradually upgraded over a ten-year period to a common market until the community had been established.
The member countries hope that the development of COMESA as a free trade area by the beginning of the year 2000 and the future prospect of evolution into a common market and an economic union will lead to sustainable economic development and political stability in the region.
In the short term the success of COMESA following this new outward oriented approach might be measured in the extent to which trade within the trading bloc is increased.
www.bized.ac.uk /virtual/dc/trade/comesa/issue1.htm   (559 words)

  
 Agriculture, Peace, And Expansion Dominate COMESA Heads of State Summit
The FTA was launched in October 2000 with the nine COMESA states of Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe participating (see BRIDGES Weekly, 29 May 2001).
The larger 20- member COMESA community also includes Angola, Burundi, Democratic Republic of Congo, Ethiopia, Eritrea, Namibia, Uganda, Rwanda, the Seychelles, Swaziland and the Union of the Comoros.
One resolution adopted at the Summit, which aims to increase trade and investment in the bloc, was a protocol to launch a fund from which member states can recoup revenue losses resulting from participating in the free trade area.
www.ictsd.org /weekly/02-05-28/story2.htm   (698 words)

  
 Project on International Courts and Tribunals
Under the COMESA Treaty, member States are called to cooperate in all areas of economic activity, including trade promotion, monetary and financial cooperation, development of agriculture, investment, and improvement of transport and communications.
To oversee the implementation of the COMESA agreement, the Treaty established a Court of Justice, modeled along the lines of the Court of Justice of the European Communities.
Hence, the COMESA Court adjudicates on disputes between member States against one another, or on references by the COMESA Council or the Secretary General against a member State for infringement of or failure to fulfill a Treaty provision.
www.pict-pcti.org /courts/COMESA.html   (305 words)

  
 Remarks at the COMESA Plenary
The Secretary General has reported that trade growth within the COMESA Free Trade Area has now reached 20 percent a year, and that it has increased from some $1 billion in the year 2000 to over $5 billion last year.
COMESA exports under AGOA were up 227% to $2.3 billion, and the non-oil exports of that amount were up 48% to $1 billion.
So we need to work with COMESA to help your countries and the others of Sub-Saharan Africa to look beyond Europe and the United States, to look worldwide, because there are opportunities, but there is also competition.
www.state.gov /s/d/rem/47886.htm   (1968 words)

  
 Namibia pulls out of Comesa   (Site not responding. Last check: 2007-10-11)
The Deputy Foreign Minister said Namibia was not part of Comesa's free trade area, which allows countries trading within the bloc to pay lower import taxes, or none at all.
In order to join Comesa but not its free trade area, Namibia has obtained a special derogation which meant it did not have to ratify the treaty, the Deputy Minister explained.
Comesa and SADC had competing aims, and it made no sense to try to be part of both.
www.namibian.com.na /2003/march/marketplace/03CF027B5F.html   (627 words)

  
 "); NewWindow.document.write("IRINnews"); NewWindow.document.write("   (Site not responding. Last check: 2007-10-11)
COMESA took an important step in 2000 towards regional economic integration when nine of its members - Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe - reduced their customs tariffs on COMESA-originating goods to zero.
COMESA sees the creation of the Free Trade Area as the first step towards full regional integration and the adoption of a common currency by the year 2025.
COMESA is also trying to eliminate barriers to the free movement of people within its vast geographical zone, which extends from Egypt in the north to Zimbabwe in the south, but does not include South Africa.
irinnews.org /report.asp?ReportID=42670&SelectRegion=Southern_Africa...   (615 words)

  
 COMESA's role in information technology and telecoms
A general e-mail address on which to contact the COMESA Secretariat by e-mail is - comesa@comesa.int Individual e-mail addresses for employees at the Secretariat may be obtained using the same address.
COMESA aims to further utilise the website as a tool for more efficient news gathering and dissemination by having up-to-date news and press releases as and when they come out.
As a means of contributing to the improvement of telecommunications in the region, COMESA is currently promoting the establishment of a regional telecommunications network through COMTEL Communications Ltd which is a private limited liability company.
www.itu.int /africainternet2000/Documents/doc50_e.htm   (1313 words)

  
 COMESA Bankers Association
The COMESA Bankers' Association is one of the official organs of the COMESA (Common Market for Eastern and Southern Africa).
COMESA Bankers' Association has worked to promote and strengthen links between banks in the sub-region.
The COMESA Bankers' Association was created in recognition of the pivotal role banks play in this development process.
www.comesabankers.org   (205 words)

  
 "); NewWindow.document.write("IRINnews"); NewWindow.document.write("   (Site not responding. Last check: 2007-10-11)
COMESA, whose headquarters are in the Zambian capital Lusaka, is made up of 20 African countries which have signed up to closer integration and trade.
But, it stressed, that COMESA had taken important steps to resolve the many wars affecting the continent.
The statement also said COMESA had a key role to play in the formation of the African Union which will replace the Organisation of African Unity (OAU) next month.
irinnews.org /report.asp?ReportID=28171&SelectRegion=Horn_of_Africa&...   (371 words)

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