The Vision of COMESA COMESA Member States The Numbers

What is COMESA
What COMESA Offers
COMESA stands for the Common Market for Eastern and Southern Africa.
COMESA offers its members and partners a wide range of benefits which include:
COMESA is a regional economic community comprising of 19 African States that
came together to promote regional integration through trade and the development of
natural and human resources for the mutual benefit of all people in the region
*
*
*
*
*
*
The Vision of COMESA
The vision of COMESA is to be a fully integrated economic community that is
prosperous, internationally competitive, and ready to merge into the African Economic
Community.
COMESA Member States
Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia,
Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland,
Uganda, Zambia and Zimbabwe.
The Numbers
•
•
•
•
Member States - 19
Population – 482 million
Gross Domestic Product - $667 billion
Landmass - 11.6 million Km2
A wider, harmonised and more competitive market
Greater industrial productivity and competitiveness
More harmonised monetary, banking and financial policies
Increased agricultural production and food security
A more rational exploitation of natural resources
More reliable transport and communications infrastructure
COMESA programmes
•
Trade liberalization: establishment of a Free Trade Area that includes removal of
Non-Tariff Barriers (NTB’s) including foreign exchange restrictions, removal of taxes
on foreign exchange, import and export quotas, road blocks, easing of Customs
formalities, extending times border posts are open, creation of “one stop border
posts”, among others
• Trade facilitation: development of trade facilitation instruments
• Investment Promotion and Private Sector Development
• Infrastructure development: covering roads, railway, telecommunications, Information
Communication Technology, energy, air and maritime transport
• Governance, Peace and Security
• Gender and social affairs
• Climate change
•Agriculture
COMESA Institutions
The PTA Bank
COMESA Clearing House
COMESA Monetary Institute
African Trade Insurance Agency
COMESA Competition Commission
PTA Reinsurance Company (ZEP-RE)
COMESA Regional Investment Agency
COMESA Leather and Leather Products Institute
Federation of National Associations of Women in Business
Specialized agencies
•
•
Alliance for Commodity Trade in Eastern and Southern Africa (ACTESA)
COMESA Business Council (CBC)
Judicial arm
COMESA Court of Justice
Decision making structure
•
•
•
•
•
•
Authority of Heads of State & Government – (The Summit)
Council of Ministers
Inter-Governmental Committee
Committee of Governors of Central banks
Technical Committees
The Secretariat
COMOROS
Common Market for Eastern and Southern Africa (COMESA) Secretariat
Ben Bella Road
P O Box 30051, Lusaka, ZAMBIA
Tel +260 221 229725/32
Fax +260 221 225107
Email: [email protected]
http://www.comesa.int
A publication of the PR Unit supported by the
European Union under the Regional Integration Support Programme
COMESA
“Growing Together, for Prosperity”