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COMESA is one of the pillars of the African Economic Community. In 2008, COMESA agreed to an expanded free-trade zone including members of two other African trade blocs, the East African Community (EAC) and the Southern Africa Development Community (SADC). COMESA is also considering a common visa scheme to boost tourism. [5]
The SADC is the largest of the AFTZ member trade blocks and covers a population of some 248 million people and a zone whose cumulative GDP is $379bn in 2006. COMESA was established in 1994 as a replacement for the Preferential Trade Area. It includes 20 nations, with a combined GDP of US$286.7bn in 2006.
The 29 tripartite member/partner countries represent 53% of the African Union's membership, more than 60% of continental GDP ($1.88 trillion), and a combined population of 800 million. [ 2 ] Negotiations between the three trade blocs first began in June 2011. [ 1 ]
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency (see African Monetary Union) thus establishing an economic and monetary union.
According to the rules in place for the General Debate, the statements should be in one of the United Nations official languages (Arabic, Chinese, English, French, Russian or Spanish) and will be translated and interpreted by United Nations translators and interpreters. Each speaker is requested to provide 20 advance copies of their statements ...
The Eastern and Southern African Trade and Development Bank, also known as TDB, was established on 6 November 1985 under Chapter Nine of the Treaty for the Establishment of the Preferential Trade Area for Eastern and Southern African States, which entered into effect on 2 September 1982 and was subsequently replaced by the Treaty for the Establishment of the Common Market for Eastern and ...
The East African Community (EAC) is an intergovernmental organisation in East Africa.The EAC's membership consists of eight states: Democratic Republic of the Congo, the Federal Republic of Somalia, the Republics of Burundi, Kenya, Rwanda, South Sudan, Uganda, and Tanzania. [5]
also member of SADC and COMESA Djibouti: 2000– 23,200 also member of IGAD and COMESA Egypt: 2001– 1,010,408 also member of COMESA, candidate to AMU/UMA Eritrea: 1999– 117,600 also member of IGAD and COMESA Gambia: 2000– 10,689 also member of ECOWAS/CEDEAO and WAMZ Ghana: 2005– 239,567 also member of ECOWAS/CEDEAO and WAMZ Guinea: 2007 ...