What are achievements of COMESA?

What are achievements of COMESA?

COMESA established a Free Trade Area in 2000, setting the stage for the reduction of tariffs amongst Member States. Hence, intra COMESA trade has grown at an average of seven per cent with higher increases reflected between intra-Free Trade Area States. By 2018, 98% of NTBs reported since 2008 had been resolved.

What is the current strategy of COMESA?

COMESA is developing a regional Statistics Strategy covering the period 2021-2025. Its main focus will be to strengthen the collection and dissemination of statistical information in the region with the overall objective of supporting regional integration. The current Statistics Strategy covered the period 2017-2020.

What is the purpose of COMESA and SADC?

The objective of the COMESA-EAC-SADC Tripartite group is to strengthen economic integration of the southern and eastern Africa region through joint planning, design, coordination, and implementation of policies and programmes across the three blocs.

What are the achievements of East African Community?

EAC Achievements

• Harmonization of Monetary and Fiscal Policies.
• Transport and Communications.
• Education and skilled Labour.
• Joint Tourism Promotion Initiatives.

What is regional integration and cooperation?

Regional Cooperation and Integration (RCI) is defined as the process by which countries coordinate, collaborate and invest in order to strengthen integration of their economies, to mitigate shared risks and avoid conflict, to assist their neighbors in fragile situations, and to preserve common resources.

What is the structure of COMESA?

The COMESA decision making structure is as follows: The Authority of Heads of State and Government: This is the supreme organ of the Common Market and is composed of the Heads of State and Government of all the 21 Member States.

Why was COMESA established?

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 …

What are the objectives of East African Community?

The EAC aims to achieve prosperity, competitiveness, security, stability and political unification in East Africa. The partner countries – Kenya, Uganda, Tanzania, Rwanda and Burundi – aim to create a political federation that would expand and reinforce economic, political, social and cultural integration.

What is the main problem facing trade in eastern Africa?

The challenges facing intra-regional trade include persistent trade disputes, inadequate value addition to the agricultural sector, NTBs and a restrictive trade regime.

What are the objectives of regional integration?

Regional integration allows countries to overcome these costly divisions integrating goods, services and factors’ markets, thus facilitating the flow of trade, capital, energy, people and ideas. Regional integration can be promoted through common physical and institutional infrastructure.

In which two ways does COMESA benefit its Member States?

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.

What are the two organs of COMESA?

According to the treaties, the following organs have decision-making power:

• The COMESA Authority, composes of Heads of States or Government and is COMESA’s supreme policy-making organ.
• The COMESA Council of Ministers.
• The COMESA Court of Justice decisions have precedence over any decisions of national courts.

Is COMESA a customs union?

COMESA has a free trade area, with 19 member states, and launched a customs union in 2009.

What is the importance of COMESA?

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.

What is COMESA role?

The Common Market for Eastern and Southern Africa (COMESA) comprises 21 African Member States that came together with the aim of promoting regional integration through trade and the development of natural and human resources for the mutual benefit of all people in the region.