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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.
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 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.
Kenya is the only member state to not have any standing debt while all other member states have significant arrears of some kind; As of November 2024, the DRC owes US$20 million, Burundi US$17 million, South Sudan US$15.6 million, Somalia US$7 million, Rwanda $5.2 million and Uganda US$3.4 million. [88]
Transcontinental countries in Europe and Africa, classified as Southern European countries by the United Nations Statistics Division: Italy (Pantelleria and the Pelagie Islands), Malta, Portugal (Madeira [including the Savage Islands]), and Spain (Canary Islands, Ceuta, Melilla, Alboran Island, and Spain's plazas de soberanía).
Added new members Tunisia and Somalia: 16:23, 10 May 2017: 1,000 × 1,000 (188 KB) Ydecreux: Reverted to version as of 02:08, 24 July 2011 (UTC): not a member, only admitted to COMESA RCTG: 23:53, 16 January 2017: 1,000 × 1,000 (188 KB) Nobelium: Reverted and recoloured South Sudan via the CSS-part of the file in the very same green as the ...
CEN-SAD was established in February 1998 by six countries, but since then its membership has grown to 29. One of its main goals is to achieve economic unity through the implementation of the free movement of people and goods in order to make the area occupied by member states a free trade area.