Comesa Final

8/4/2019 Comesa Final

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Gaitri Loke(39)Ajinkya Mahajan(41)

Bhavika Nagar(47)Jitendra Shinde(75)

Pritima Singh(77)Shishir Tiwari(84)


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o COMESA was signed on- 5th November 1993 in Kampala, Uganda- And was ratified a year later in Lilongwe, Malawi on 8th

December 1994.

o COMESA was established 'as an organisation of freeindependent sovereign states which have agreed to co-

operate in developing their natural and human resourcesfor the good of all their people.


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o Its main focus is on the formation- of a large economic and trading unit that is capable of

overcoming some of the barriers that are faced byindividual states.

o By the year 2000, all internal trade tariffs and barriers willbe removed.


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o After 4 years that COMESA will have introduced- a common external tariff structure to deal with all third

party trade- and will have considerably simplified all procedures.

o It has a wide-ranging series of other objectives- promotion of peace

- security in the region.


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Significant and sustained increases in productivity inindustry, manufacturing, processing and agro-industries toprovide competitive goods as the basis for cross-bordertrade.

Increase agricultural production, with special emphasis onthe joint development of lake and river basins so as toreduce dependence on rain-fed agriculture.

New programmes on food security at the provincial ordistrict levels, national and regional levels.


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Development of transport and communications

infrastructures and services with special emphasis.

New programmes for trade promotion, trade expansionand trade facilitation especially geared to the private

sector.


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Development of comprehensive, reliable and up to date

information data bases covering all sectors of the economyto form the basis for sound investment decisions andmacro-economic policy formulation and programming.


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Equality and inter-independence

Solidarity and collective self-reliance

Inter-State co-operation, harmonisation of policiesand integration of programmes .

Non-aggression.


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Recognition, promotion and protection of human andpeople's right.

Accountability, economic justice and popular participationin development.

The recognition and observance of the rule of law.


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Promotion and sustenance of a democratic system

of governance .

Maintenance of regional peace and stability

Peaceful settlement of disputes .


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objectives of COMESA- to remove structural and institutional weaknesses in

the member States- pooling their resources together in order to sustain

their development efforts either individually orcollectively.


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To attain sustainable growth and development of the

member.

To promote joint development in all fields ofeconomic activity and programmes.

To raise the standard of living of its peoples, and tofoster closer relations among its member States.


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To co-operate in the creation of an enabling environmentfor foreign, cross-border and domestic investment.

To co-operate in the promotion of peace, security and

stability.

To co-operate in strengthening the relations between the

Common Market and the rest of the world

To contribute towards the establishment, progress and

the realisation of the objectives of the African Economic

Community.


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Supply and Demand Surveys Buyers/ Sellers meetings Enterprise-specific assistance

Trade Fairs and marketing missions Strengthening individual chambers of commerce Trade Information Network (TINET) Seminars on Doing Business in COMESA Analysis of production and investment

opportunities


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Zero tariffs on goods from COMESA Countries.

Goods from non-COMESA dutiable at full national

tariff rates.

No NTBs on COMESA goods.

Application of COMESA Rules of Origin.


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Objective:

To establish a monetary union so as to have a zoneof monetary stability in order to facilitate the

integration efforts:

Phased Monetary and Fiscal Policies HarmonisationProgramme towards a common currency issued by

a common central bank in 2025.

Regional Payments System; Africa commerceexchange.


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Up-dating of information on trade and investmentlaws in COMESA;

Harmonising investment codes;

Developing Investor Roadmaps

Providing information on investment opportunities

Developing and promoting COMESA as a Common

Investment Area;

Promoting development growth poles.


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A. Air Transport Programme

(1) Liberalization of Air Transport Services

(2) Air Transport Facilitation

(3) Safe Skies Programme(CNS/ATM System)

B. Road Transport and Traffic Facilitation

C. Telecommunications Interconnectivity


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Intra-COMESA trade has increased from US$

734 Million in 1985 to US$ 5.5 billion in 2003;

Transport facilitation measures has cuttransport costs by approximately 25%.

Supply/demand surveys carried out, and

buyer/seller meetings & trade fairs organised have

generated transactions worth about US $ 1 billion


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COMESA has re-defined its medium-termstrategy as being the promotion of regionalintegration through trade and investment.

COMESA is now concentrating its efforts onconsolidating and expanding the FTA andestablishing a Customs Union, while accelerating

investment promotion.


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Harare PRESIDENT Mugabe has urged the

Common Market for Eastern and Southern Africa

to broaden its Free Trade Area to take on boardother regional blocs and move away fromexporting primary products in favor of processedgoods.


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Services contribute between 15 percent and 65

percent of National Gross Domestic Products.

Services such as tourism, telecommunications,finance, construction, transport, whether land, airor maritime, and educational and healthservices, can significantly raise economic activity

and the well-being of our people.


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Comesa Final

Documents

Transcript of Comesa Final