our latest news
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Steps to Implement the COMESA Common Market Levy
Washington DC, October 17, 2019: In a move to entrench financial independence and sustainable implementation of regional integration agenda in COMESA, a Joint Committee of Ministers of Finance and Central Bank Governors have decided to set up a technical working group to assess and come up with modalities for the operationalization of the COMESA Common
October 19, 2019 -
Experts Propose Policy Reforms to Expand STR Products Range
The range of goods traded under the COMESA Simplified Trade Regime (STR) is set to expand following policy recommendations made last week by trade experts. Meeting in Kenya during a Policy Dialogue on STR Implementation, 8 – 9 October 2019, the experts proposed that imports from countries participating in the COMESA Free Trade Area (FTA),
October 14, 2019 -
Investing More in Research and Development will Boost Regional Trade
Governments of COMESA Member States ought to increase public expenditure on research and development to boost innovation and hence trade and also put in place favorable policy through proper institutional framework. According to a research conducted recently by two researchers on the relationship between innovation and trade growth, there is a strong linkage between the
October 14, 2019 -
Regional Central Banks Staff Trained on Managing International Reserves
Lusaka, Sunday, October 13, 2019: Central Banks of 10 COMESA Member States namely: Djibouti, Egypt, Eswatini, Eritrea, Libya, Rwanda, Sudan, Uganda, Zambia and Zimbabwe have benefited from a capacity building initiative on the management of international reserves. This is through training conducted in Cairo, Egypt from 15th to 19th September 2019, under the theme: ‘Active
October 13, 2019
thematic areas
NON-TARIFF BARRIERS
By 2018, 98% of NTBs reported since 2008 had been resolved. These covered: liberalisation of import licensing, removal of foreign exchange restrictions, import and export quotas, easing of customs formalities, creation of one-stop border posts etc
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FREE TRADE AREA
COMESA established a Free Trade Area in 2000, setting the stage for the reduction of tariffs amongst Member States. Hence, intra-COMESA trade has grown at an average of 7% with higher inceases reflected between intra-Free trade Area States.
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VIRTUAL TRADE FACILITATION
COMESA CVTFS is an online system that integrates other COMESA trade facilitation instruments in one platform. It also helps to monitor consignments along different transport corridors across the region.
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