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The European Union has reaffirmed its commitment and support to COMESA’s regional integration agenda as evidenced by the allocation of 1.3 billion Euros to the Eastern, Southern and Indian Ocean (EA-SA-IO) regions for economic integration, Peace and security and management of Natural Resources. The funds cover the period 2014-2020.

European Commission Head of Delegation and Representative to COMESA Ambassador Alessandro Mariani said in Lusaka that the EU attaches great importance to the long-lasting partnership with COMESA which he described as a testimony of the continued strong commitment to support the regional economic integration process in the COMESA region.

“The EU will continue to support the economic integration in the region based on your own priorities and the commitments at all levels, including at the level of the COMESA Member States that are indeed responsible for the domestication of the regional agenda,” said Ambassador Mariani during the opening of the 37th Intergovernmental Committee meeting in Lusaka on 30th October 2017.

He added that the EU firmly believes in the great benefits of regional economic integration: it creates bigger markets, attracts investments, facilitates trade flows and reduces production costs and prices for consumers.
The 1.3 billion Euros was allocated to the same regions in 2014 under the 11th European Development Fund (EDF). This support, entirely in the form of grants is complimentary to the support provided by the EU at country level through national envelopes in many different sectors such as infrastructure, trade, private sector development, good governance, fight against climate change among others. These combined efforts are greatly contributing to make the region more integrated and a stronger partner.
A midterm review exercise of the 11th EDF has been conducted in close cooperation with different regional organization in order to take stock of the partnership and adapt to the rapidly changing environment.

Ambassador Mariani added that the European Commission will be proposing to the EU member states that the exercise leads to a net increase of the financial allocation made available to the ES-SA-IO region to promote regional integration. There will also be stronger focus on growth, investment and job creation with allocation for the implementation for the EU external Investment Plan.
The theme for this year’s policy organs meeting is ‘Towards Digital Economic Integration’
The EU commended the theme as relevant to the strategic priorities.
The European Union has reaffirmed its commitment and support to COMESA’s regional integration agenda as evidenced by the allocation of 1.3 billion Euros to the Eastern, Southern and Indian Ocean (EA-SA-IO) regions for economic integration, Peace and security and management of Natural Resources. The funds cover the period 2014-2020.

European Commission Head of Delegation and Representative to COMESA Ambassador Alessandro Mariani said in Lusaka that the EU attaches great importance to the long-lasting partnership with COMESA which he described as a testimony of the continued strong commitment to support the regional economic integration process in the COMESA region.

“The EU will continue to support the economic integration in the region based on your own priorities and the commitments at all levels, including at the level of the COMESA Member States that are indeed responsible for the domestication of the regional agenda,” said Ambassador Mariani during the opening of the 37th Intergovernmental Committee meeting in Lusaka on 30th October 2017.

He added that the EU firmly believes in the great benefits of regional economic integration: it creates bigger markets, attracts investments, facilitates trade flows and reduces production costs and prices for consumers.
The 1.3 billion Euros was allocated to the same regions in 2014 under the 11th European Development Fund (EDF). This support, entirely in the form of grants is complimentary to the support provided by the EU at country level through national envelopes in many different sectors such as infrastructure, trade, private sector development, good governance, fight against climate change among others. These combined efforts are greatly contributing to make the region more integrated and a stronger partner.
A midterm review exercise of the 11th EDF has been conducted in close cooperation with different regional organization in order to take stock of the partnership and adapt to the rapidly changing environment.

Ambassador Mariani added that the European Commission will be proposing to the EU member states that the exercise leads to a net increase of the financial allocation made available to the ES-SA-IO region to promote regional integration. There will also be stronger focus on growth, investment and job creation with allocation for the implementation for the EU external Investment Plan.
The theme for this year’s policy organs meeting is ‘Towards Digital Economic Integration’
The EU commended the theme as relevant to the strategic priorities.