What is COMESA

COMESA INSTITUTIONS 

An integral component of the COMESA success narrative has been its
institutions. These are needs-based and respond to very specific niches in
the region. In addition to providing expertise in specific areas, the institutions
are involved in skills development and extensive market research that allows
them to link evidence to their decision-making processes. To support the
integration program, COMESA has established financial institutions to provide
not just the much needed credit (the Trade and Development Bank), but also
to provide insurance for non-commercial risks (the African Trade Insurance
Agency), re-insurance (ZEP-Re (PTA) Reinsurance Company) and to facilitate
international payments (the Regional Payment and Settlement System), and
to underpin competition in the region (the COMESA Competition Commission).

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COMESA Objectives and Priorities

The history of COMESA began in December 1994 when it was formed to replace the former Preferential Trade Area (PTA) which had existed from the earlier days of 1981. COMESA (as defined by its Treaty) was established ‘as an organisation of free independent sovereign states which have agreed to co-operate in developing their natural and human resources for the good of all their people’ and as such it has a wide-ranging series of objectives which necessarily include in its priorities the promotion of peace and security in the region.

However, due to COMESA’s economic history and background its main focus is on the formation of a large economic and trading unit that is capable of overcoming some of the barriers that are faced by individual states..

COMESA’s current strategy can thus be summed up in the phrase ‘economic prosperity through regional integration’. With its 19 (now 21 since 18 July 2018) Member States, population of over 540 million and global trade in goods worth US$ 235 billion COMESA forms a major market place for both internal and external trading. Its area is impressive on the map of the African Continent covering a geographical area of 12 Million (sq km). Its achievements to date have been significant. (Newest Member States: Tunisia and Somalia not included)

What COMESA Offers

COMESA offers its members and partners a wide range of benefits which include:
1. A wider, harmonised and more competitive market
2. Greater industrial productivity and competitiveness
3. Increased agricultural production and food security
4. A more rational exploitation of natural resources
5. More harmonised monetary, banking and financial policies
6. More reliable transport and communications infrastructure

COMESA Priority Areas

A Free Trade Area

The FTA was achieved on 31st October, 2000 when nine of the member States namely Djibouti, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe eliminated their tariffs on COMESA originating products, in accordance with the tariff reduction schedule adopted in 1992.This followed a trade liberalisation programme that commenced in 1984 on reduction and eventual elimination of tariff and non-tariff barriers to intra- regional trade. Burundi and Rwanda joined the FTA on 1st January 2004. These eleven FTA members have not only eliminated customs tariffs but are working on the eventual elimination of quantitative restrictions and other non-tariff barriers.

Customs Union

A Customs Union maybe defined as a merger of two or more customs territories into a single customs territory, in which customs duties and other measures that restrict trade are eliminated for substantially all trade between the merged territories. The territories, in turn apply the same duties and measures in their trade with third parties. In preparation for a Customs Union the Eleventh Meeting of the Council of Ministers held in Cairo, Egypt adopted a Road Map that outlined programmes and activities whose implementation was necessary before the launching of the Union. It is expected that the launch will be achieved by the year 2008

Trade Promotion 

Other objectives which will be met to assist in the achievement of trade promotion include:
1. Trade liberalisation and Customs
    co-operation, including the introduction        of a unified computerised Customs         
    network across the region.
2. Improving the administration of     
    transport and communications to ease 
    the movement of goods services and     
    people between the countries.
3. Creating an enabling environment and     
    legal framework which will encourage the
    growth of the private sector, the
    establishment of a secure investment
    environment, and the adoption of
    common sets of standards.
4. The harmonisation of macro-economic
   and monetary policies throughout the
    region.

COMESA Core Values 

These core values have been forged through over 20 years of existence. As a Regional Economic Community (REC), our commitment to these core values starts with our diversity in staff drawn from the 21 Member States and runs through the organization. Our core values are:
1. We believe in satisfying our customers
2. We take pride in our reputation for delivering services with professionalism,
    integrity and innovation.
3. We believe in quality leadership, teamwork and respect for each other in an
    enabling environment.
4. Our people care for our environment and uphold its social responsibility

Our Partners/Donors