comesa final
TRANSCRIPT
-
8/4/2019 Comesa Final
1/24
Gaitri Loke(39)Ajinkya Mahajan(41)
Bhavika Nagar(47)Jitendra Shinde(75)
Pritima Singh(77)Shishir Tiwari(84)
-
8/4/2019 Comesa Final
2/24
o COMESA was signed on- 5th November 1993 in Kampala, Uganda- And was ratified a year later in Lilongwe, Malawi on 8th
December 1994.
o COMESA was established 'as an organisation of freeindependent sovereign states which have agreed to co-
operate in developing their natural and human resourcesfor the good of all their people.
-
8/4/2019 Comesa Final
3/24
-
8/4/2019 Comesa Final
4/24
o 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 byindividual states.
o By the year 2000, all internal trade tariffs and barriers willbe removed.
-
8/4/2019 Comesa Final
5/24
o After 4 years that COMESA will have introduced- a common external tariff structure to deal with all third
party trade- and will have considerably simplified all procedures.
o It has a wide-ranging series of other objectives- promotion of peace
- security in the region.
-
8/4/2019 Comesa Final
6/24
Significant and sustained increases in productivity inindustry, manufacturing, processing and agro-industries toprovide competitive goods as the basis for cross-bordertrade.
Increase agricultural production, with special emphasis onthe joint development of lake and river basins so as toreduce dependence on rain-fed agriculture.
New programmes on food security at the provincial ordistrict levels, national and regional levels.
-
8/4/2019 Comesa Final
7/24
Development of transport and communications
infrastructures and services with special emphasis.
New programmes for trade promotion, trade expansionand trade facilitation especially geared to the private
sector.
-
8/4/2019 Comesa Final
8/24
Development of comprehensive, reliable and up to date
information data bases covering all sectors of the economyto form the basis for sound investment decisions andmacro-economic policy formulation and programming.
-
8/4/2019 Comesa Final
9/24
Equality and inter-independence
Solidarity and collective self-reliance
Inter-State co-operation, harmonisation of policiesand integration of programmes .
Non-aggression.
-
8/4/2019 Comesa Final
10/24
Recognition, promotion and protection of human andpeople's right.
Accountability, economic justice and popular participationin development.
The recognition and observance of the rule of law.
-
8/4/2019 Comesa Final
11/24
Promotion and sustenance of a democratic system
of governance .
Maintenance of regional peace and stability
Peaceful settlement of disputes .
-
8/4/2019 Comesa Final
12/24
objectives of COMESA- to remove structural and institutional weaknesses in
the member States- pooling their resources together in order to sustain
their development efforts either individually orcollectively.
-
8/4/2019 Comesa Final
13/24
To attain sustainable growth and development of the
member.
To promote joint development in all fields ofeconomic activity and programmes.
To raise the standard of living of its peoples, and tofoster closer relations among its member States.
-
8/4/2019 Comesa Final
14/24
To co-operate in the creation of an enabling environmentfor foreign, cross-border and domestic investment.
To co-operate in the promotion of peace, security and
stability.
To co-operate in strengthening the relations between the
Common Market and the rest of the world
To contribute towards the establishment, progress and
the realisation of the objectives of the African Economic
Community.
-
8/4/2019 Comesa Final
15/24
Supply and Demand Surveys Buyers/ Sellers meetings Enterprise-specific assistance
Trade Fairs and marketing missions Strengthening individual chambers of commerce Trade Information Network (TINET) Seminars on Doing Business in COMESA Analysis of production and investment
opportunities
-
8/4/2019 Comesa Final
16/24
Zero tariffs on goods from COMESA Countries.
Goods from non-COMESA dutiable at full national
tariff rates.
No NTBs on COMESA goods.
Application of COMESA Rules of Origin.
-
8/4/2019 Comesa Final
17/24
Objective:
To establish a monetary union so as to have a zoneof monetary stability in order to facilitate the
integration efforts:
Phased Monetary and Fiscal Policies HarmonisationProgramme towards a common currency issued by
a common central bank in 2025.
Regional Payments System; Africa commerceexchange.
-
8/4/2019 Comesa Final
18/24
Up-dating of information on trade and investmentlaws in COMESA;
Harmonising investment codes;
Developing Investor Roadmaps
Providing information on investment opportunities
Developing and promoting COMESA as a Common
Investment Area;
Promoting development growth poles.
-
8/4/2019 Comesa Final
19/24
A. Air Transport Programme
(1) Liberalization of Air Transport Services
(2) Air Transport Facilitation
(3) Safe Skies Programme(CNS/ATM System)
B. Road Transport and Traffic Facilitation
C. Telecommunications Interconnectivity
-
8/4/2019 Comesa Final
20/24
Intra-COMESA trade has increased from US$
734 Million in 1985 to US$ 5.5 billion in 2003;
Transport facilitation measures has cuttransport costs by approximately 25%.
Supply/demand surveys carried out, and
buyer/seller meetings & trade fairs organised have
generated transactions worth about US $ 1 billion
-
8/4/2019 Comesa Final
21/24
COMESA has re-defined its medium-termstrategy as being the promotion of regionalintegration through trade and investment.
COMESA is now concentrating its efforts onconsolidating and expanding the FTA andestablishing a Customs Union, while accelerating
investment promotion.
-
8/4/2019 Comesa Final
22/24
Harare PRESIDENT Mugabe has urged the
Common Market for Eastern and Southern Africa
to broaden its Free Trade Area to take on boardother regional blocs and move away fromexporting primary products in favor of processedgoods.
-
8/4/2019 Comesa Final
23/24
Services contribute between 15 percent and 65
percent of National Gross Domestic Products.
Services such as tourism, telecommunications,finance, construction, transport, whether land, airor maritime, and educational and healthservices, can significantly raise economic activity
and the well-being of our people.
-
8/4/2019 Comesa Final
24/24