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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]
العربية; Aragonés; Azərbaycanca; বাংলা; Башҡортса; Беларуская (тарашкевіца) भोजपुरी; Буряад
Rank Country (or dependent territory) July 1, 2015 projection [1] % of pop. Average relative annual growth (%) [2] Average absolute annual growth [3]Estimated doubling time
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.
Permanent members include Chile, Colombia, Mexico, and Peru. The Pacific Pumas, a political and economic grouping of countries along Latin America's Pacific coast that includes Chile, Colombia, Mexico and Peru. The term references the four larger Pacific Latin American emerging markets that share common trends of positive growth, stable ...
The most recent members to join were the Francophone African nations of Gabon and Togo on 29 June 2022, who along with Mozambique and Rwanda are unique in not having a historical constitutional relationship with the United Kingdom or other Commonwealth states. Currently, fifteen of the member states are Commonwealth realms, with the Head of the ...
The Regional Economic Communities (RECs) in Africa group together individual countries in subregions for the purposes of achieving greater economic integration. They are described as the "building blocks" of the African Union and are also central to the strategy for implementing the African Development Development Agency (AUDA-NEPAD).
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 ]