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  • COMOROS set to benefit from integration support funds

    COMOROS set to benefit from integration support funds

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    Moroni, Monday February 13, 2017: The Performance Assessment Framework (PAR) indicators for the implementation of the Regional Integration Support Mechanism (RISM) projects for Comoros needs to be reviewed for the country to access European Union funded programme under the current call to countries to submit proposals.

    These indicators are; the Customs Code, the COMESA Tariff Nomenclature (Classification), the list of commitments for the three additional sectors, the Harmonized Consumer Price Index, and the International Trade Statistics, Standards and Application texts.

    Speaking during the National Workshop on the Evaluation of the Regional Integration Indicators of the COMESA in Preparation of the 8th Call for Proposals, the COMESA RISM Coordinator Mrs. Hope Situmbeko emphasized the need for COMOROS to fast track the review of the indicators as the 8th Call shall be launched in June 2017. The workshop took place on Monday 13th February 2017 in Moroni, Comoros.

    She said: “I know that Comoros has been one of the COMESA countries that have benefited from the fund and I wish to inform you that the COMESA fund meeting held in December 2016 approved the launch of the 8th Call and you need to meet these obligations if you are to benefit from the fund.”.

    She said the performance of these indicators for the 8th Call for Proposals, will allow the Union of the Comoros to be assessed at 100% and benefit fully from a nominal allocation of 623 000 Euros.

    Director General of Economy and Foreign Trade, Mr Mohamed Djounaid Soilihi said his country was committed to continue the programs implemented for regional integration since 2012.

    “It has become essential to use support mechanisms to mitigate the effects of transposition and adjustment costs. This will enable economical movement of goods and services and make them affordable by the citizens,” he said.

    The main objectives include promoting economic development and integrating regional economies with the aim of promoting food self-sufficiency at the regional level and promoting endogenous self-sustaining development, coordinating and harmonizing policies within diverse communities’ Economic prospects

    Since 2013, the Union of the Comoros has benefited from funds allocated to various programs amounting to € 2.6 million for various activities including budget support, the security of the interconnection between Customs and companies, and the migration to the Automated System for Customs Data (ASYCUDA).

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