COMESA Virtual Trade Facilitation System (CVTFS) is a software application that integrates all trade facilitation instruments, including the Yellow Card and the COMESA Regional Customs Guarantee (RCTG) Scheme, otherwise known as the CARNET, under one online platform. Now that more States are relaxing the visa rules we are optimistic that the signing and ratification of the Protocol will pick pace. At the launching of the FTA, intra- COMESA trade stood at US$2.3 billion and by 2014 it had dramatically grown to US$22.3 billion. Zlatan Vs England, For example the People’s Republic of China is a member of the PTA Bank. Brics Summit 2017, The MoU established a framework for cooperation covering mineral and petroleum resources, agriculture, vocational training and capacity building. COMESA, the Common Market for Eastern and Southern Africa, was established on 8 December 1994 as the successor to the Preferential Trade Area (PTA). Given the resource endowment of the COMESA region, average annual growth rates of 6.5 % are likely to be the norm, rather than the exception. The Common Market for Eastern and Southern Africa (COMESA) is the largest regional economic organization in Africa, with 19 member states and a population of about 390 million. The Mission of COMESA is to achieve increased co-operation and integration in all fields of development, particularly in trade, customs and monetary affairs; in transport, communications and information; in technology, industry and energy; in agriculture, environment and natural 302 | Opposite CMC Compound | Addis Ababa, Ethiopia. comesa achievements October 8, 2020. Measures have been adopted to improve on infrastructure among member states 4. She said a COMESA that was fit for purpose, must additionally have headquarters that match its high profile. Objectives of COMESA COMESA was established in 1994 to replace the Preferential Trade Area for Eastern and Southern Africa (PTA), which had been in existence since 1981. Foreign direct investment has increased, with official statistics stating that inflows were at US$51.5 billion ($67.2 billion) in 2011, the most recent available year, and a … The system provides real time information on the location of goods and means of transport and integrates all customs and trade related documentation under a single sign-on. Critics say that the COMESA Yellow Card motor vehicle insurance scheme, which is valid in all the member states, has a far fledged ambition of covering “third-party liabilities and medical expenses for the driver of the vehicle and his passengers should they suffer any bodily injury as a result of an accident to an insured vehicle.” Has the implementation been as ambitious as the initiative? There is lack of inter-ministerial consultation channels coupled with lack of follow-up progress that hinders the implementation process of the visa protocol. The strides taken by the EAC to have a Customs Union Protocol in force and a Community Law – the Customs Management Act — made it attractive to other countries such Rwanda and Burundi to accede the Treaty in 2006. 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. Convergence achievements: Met = 1, Not Met = 0, Slightly Missed = 2. National Competition Authorities & the Commission, Guide to anti-competitive business practices, Competition and Consumer Protection Commission Zambia, Competition and Tarrif Commission Zimbabwe. Sun King Menu, It is on cooperation in mining and related fields of development. Third, the implementation of natural resource based industrialization, including labor intensive industries will contribute to structural changes in the COMESA economy that will witness backwards and forward linkages and participation in the regional and global value chains. In Short the implementation of the Yellow Card Scheme has indeed exceeded our expectations. Currently, intra-COMESA trade is at 12 percent and with the TFTA it is projected that upon launch, intra-Tripartite trade will be at 18 percent. According to Fayol, commanding as a managerial function concerned the personal supervision of subordinates and involved inspiring them to put forth unified effort to achieve objectives. Sindiso Ndema Ngwenya is the fifth Secretary-General of the Common Market for Eastern and Southern Africa (COMESA) since it was transformed from the PTA in 1994. However COMESA has come up with innovative methods of resource mobilization. It also allows customs authorities to pre-clear cargo and the freight forwarders and transport operators to efficiently manage the logistic supply chain thus reducing the cost of doing business and enhancing competitiveness. I would say confidently that all COMESA Institutions are doing very well within their specific areas of expertise and contributing in a big way to social and economic development. Sam Nzima, The Yellow Card Scheme, which is a regional third party motor insurance cover is, another success story of the COMESA Trade Facilitation Instruments in the region. It will result in increased employment, government revenue and savings on foreign exchange. This demonstrates the confidence that the African continent and the world at large have with COMESA institutions. Led to liberalization among member states making easier for members to trade with one another 2. The organisation faces many future challenges, however, including ... (COMESA), and both participate in the Regional Integration Facilitation Forum (RIFF). For almost all member countries in COMESA and SADC, revenue from trade taxes is at least 10 percent of total government revenue. DEVELOPMENTS IN AFRICA, MIDDLE EAST AND ASIA. Legacy Of The First Blade New Abilities, A number of African countries belong to more than one regional economic community, which poses a hindrance to deeper economic integration. The rationale for GATT was based on the Most Favored Nation (MFN) clause, which, when assigned to one country by another, gives the selected country privileged trading rights. But let me hasten to say this would be a short term phenomenon. Excerpts: Addis Standard – It’s been 20 years since the establishment of COMESA as a regional bloc that incorporates member states from two regions in Africa. We too, can take this small but vitally important step and agree on a sustainable mechanism for funding our regional integration programs. COMESA was created to serve as an organization of free independent sovereign States that have agreed to cooperate in developing their natural and human resources for the good of all their people. This will make the COMESA region more competitive. Thames Water Contact Email, What was the outcome of this system so far? Despite the COMESA being around for 20 years, free movement of people within member states remains challenging, if not impossible. The achievements of COMESA have been quite significant through the year. In these two decades COMESA has made a giant leap in strengthening and deepening regional integration through institutions that existed when it was established and the creation of new ones as well as robust policy reforms. Can I Put My Electric Bill In Someone Else Name, Mr. Dieterich, as managing director, is a member of the board of GM (K), which is presently chaired by Mr. Bernard Hinga. Address: Leul Taz Building 3rd Floor Off No. Telephone English Pdf, The PTA was established within the framework of the OAU's Lagos Plan of Action (LPA) and the Final Act of Lagos (FAL). A-e-u-i Lyrics, Remarkable achievements have been made especially in trade liberalization and facilitation through reduction and elimination of trade and non-trade barriers between member states, which enabled intra COMESA trade to increase substantially. Most of them have credit ratings from International Credit Rating Agencies and are thus able to raise funds from the international capital markets. Among others these are the COMESA Virtual Trade Facilitation System (CVFTS) and the on-line trading system, known as the COMESA Electronic Market Exchange System (CEMES). The EU also created the Schengen Area, a zone of passport-free, borderless travel that covers over 400 million people.Most EU members are part of Schengen, along with some non-EU countries - namely, Iceland, Norway, Switzerland and Liechtenstein. A levy of 1% on a very limited range of consumer goods (finished products) would constitute a small start by COMESA to finance the region’s economic development from its own resources. There is also need for research and development capacity in the COMESA region to support beneficiation and value addition to mineral products and the development of linkages and clusters in the sector. Elizabeth Grant in 1958 in London, England it was most unusual for women to run companies. Hence, our theme for this year “Inclusive and Sustainable Industrialization”is intended to drive us there. Sindiso Ndema Ngwenya is the fifth Secretary-General of the Common Market for Eastern and Southern Africa (COMESA) since it was transformed from the PTA in 1994. The two countries have promised to ratify the Protocol. Further, TFTA will broaden the market of the 26 Member States and enhance intra-regional trade. Only Burundi has fully ratified it. In 2014 the COMESA has signed an agreement with the government of Australia to help Member States develop mining industry. Required fields are marked *. But many people question whether that was not a bold move given the fact that the well-established regional blocs such as SADC will have a huge advantage over the others. The Common Market for Eastern and Southern Africa (COMESA) is a free trade area with twenty-one member states stretching from Tunisia to Eswatini.COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. A critical factor for social and economic transformation will depend on the overhaul of existing educational curriculum to produce educated and skilled manpower for the economy which can create jobs instead of being job seekers. Achievement of sustainable real growth rate of real GDP of not less than 7 % Reduction of current account deficit (excluding grants) as a % of GDP to sustainable level Achievement and maintenance of domestic investment rate of at least 20 % How much of it is political and what would it take for countries to act quick and effective? The interesting feature of this trade … Only a few overlaps exist in tariff lines and these are being addressed towards harmonization. The latter brings buyers and sellers in a virtual market in real time. The COMESA region in particular and Africa in general will become the locomotive for the growth of the global economy. After 20 years, what do you think describes COMESA the best? AUTO SUBTITLE. Empty. Achievement of COMESA . The Common Market for Eastern and Southern Africa (Comesa) Court of Justice conducted seminar targeting lawyers in Uganda as it also launched its User’s Manual; a simple guide on how to handle legal matters in the Courts of Law. In this exclusive interview with Addis Standard in connection with the 20th year anniversary of the birth of COMESA, Ngwenya describes the journey so far, the challenges and opportunities. “We therefore take great pride in our COMESA Virtual University, a first in Africa; our policy research programme; our Court of Justice which continues to anchor dispute resolution; our system for speedily addressing non-tariff barriers; and the highly technical and professional character of our Secretariat, which we believe to be one of our distinguishing features,” she said. Nine of the member states formed a free trade area in 2000 (Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe), … The country covers an area of 399 757km2 and has a sub-tropical The Organization of African Unity (OAU) also has legal instruments. Smart investment in human capital will be the basis for the qualitative and quantitative leap of the COMESA through regional integration. The WTO replaced GATT as the world's global trading body in 1995, and the current set of governing rules stems from the Uruguay Round of GATT negotiations, which took place throughout 1986-1994. There is a recent move to establish a grand Free Trade Area that also includes SADC and EAC member states as well as those of COMESA. The COMESA Treaty also provides for the implementation of the Common Market Levy that will ultimately lead to self-sustenance and reduction in donor dependency. The overlaps of membership to regional economic communities such as COMESA and the East African Community (EAC) or Southern African Development Community (SADC) by countries however posed a challenge given that it is not possible to belong to two customs territories. Kapwepwe said the continental impetus to deeper and broader integration was irreversible, as demonstrated by a number of flagship programmes that have taken off, particularly the African Continental Free Trade Area and the Single African Air Transport Market, among others. Standards (2010). The CVFTS has been highly successful in the Northern Corridor linking the Port of Mombasa in Kenya to Uganda, Rwanda and Eastern D R Congo. Riley Green Mobile Alabama, Achievements of the East African Community. In 2012 COMESA launched a pilot System of Virtual Trade Facilitation System (CVTFS) on the Djibouti-Addis Abeba -Khartoum and Juba Corridors. This means that partly, COMESA member States do not always have full control of the allocation and use of these funds. Sindiso Ndema Ngwenya is the fifth Secretary-General of the Common Market for Eastern and Southern Africa (COMESA) since it was transformed from the PTA in 1994. The SADC Major Achievements and Challenges is a one of its kind publication which not only showcases SADC’s achievements during the past 25 years but elaborates on its roots The Report highlights achievements of COMESA … Although Zimbabwe is landlocked, region. On trade integration, COMESA in 2000 launched Africa’s first Free Trade Area (FTA). Cumulatively, the PTA Bank has lent billions to the private sector in the form of trade and project financing. DEVELOPMENTS IN AFRICA, MIDDLE EAST AND ASIA. Achievements In promoting sustained economic development of the West African region through the implementation of the Community work programme, ECOWAS has laboured to bring about greater entrenchment of democratic culture, enhanced efficiency in dealing with conflicts, crisis prevention and resolution as witnessed in the restoration of stability to Member States caught in conflict over the years. Addis Standard is a monthly English private magazine published and distributed by JAKENN Publishing P.L.C. A significant achievement, thus far, is the 2009 launch of the highly anticipated COMESA Customs Union, which was officially launched at the 13th summit of the COMESA Authority to … Achievements of COMESA 1. Overlapping memberships have led to conflicting goals and limited progress in both organizations, and reveal a lack of political The infrastructure development pillar addresses regional infrastructure gaps in roads, ports, rail, communication, energy, air transport, among others. But the same holds true for the realization of Customs Union within member states, which didn’t take off. Cerebral Palsy Osteoporosis, Macro-Economic Convergence Achievements Export. I pay tribute to all who supported the celebrations,” she said. Brian Austin Green 90210, They include the initial loss of revenue by some countries. Very recently, three countries namely: Mauritius, Rwanda and Seychelles waived visas to all COMESA citizens while Zambia has issued a circular waiving Visas and visa fees for all COMESA nationals on official business. The Balcony Byron Bay, In addition, past experience suggests that African countries have had very limited success in replacing lost trade taxes with revenue from other sources. The PTA was established within the framework of the OAU's Lagos Plan of Action (LPA) and the Final Act of Lagos (FAL). The level of awareness on the COMESA legal instruments has not been effectively cascaded to the general public. E-mail: firstname.lastname@example.org / email@example.com. Both the LPA and the FAL envisaged an evolutionary process in the economic integration of the continent in … The financial institutions, for example provide financing to the public and private sector. As you said we have PTA Bank, ZEP-RE, ATI PTA Bank, ZEP-RE, ATI, COMESA Clearing House, COMESA Monetary Institute, COMESA Infrastructure Fund, COMESA Federation of Women In Business (FEMCOM), COMESA Leather and Leather Product Institute (LLPI), COMESA Regional Investment Agency (RIA), COMESA Business Council (CBC) and COMESA Competition Commission and the Alliance for Commodity Trade in Eastern and Southern Africa (ACTESSA). 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The TFTA is not only focusing on market integration, but it is also anchored on two other critical pillars: infrastructure development and industrial development. According to some figures, about 70% of the operational budget for COMESA comes from development partners. And finally, as COMESA celebrates its 20th year founding anniversary, what are the next big plans up in its sleeve? We have the COMESA Court of Justice which is now sitting in Sudan that has made landmark decision in interpreting the COMESA Treaty and reinforcing the rule of law thus giving investors the confidence to put their money into this region. COMESA Member countries are 19 African countries including Sudan (COMESA, 2004). The formation of the East African Community (EAC) in 1999 by the United Republic of Tanzania, the Republic of Kenya and the Republic of Uganda was the achievement of the trio’s cooperation since the collapse of the original EAC in 1977. The launch of the CVTFS on the Djibouti-Addis Abeba-Khartoum- Juba Corridors will be done after successful implementation of the system on the Djibouti – Addis Abeba corridor. Home Dashboards Made in COMESA Tools Resource Center COVID-19. Measures have been adopted to improve on infrastructure among member states 4. For example; between Ethiopia and Djibouti over 500 to 700 motor vehicles cross the border of the two countries using Yellow cards and over $3million claims compensations (including medical expenses) have been paid to road accident victims in Djibouti caused by motorists from Ethiopia during the last five to seven years . This slows down the implementation of the Visa protocol. COMESA (as defined by its Treaty) was established as an organisation of free independent sovereign states which have agreed to co-operate in That brings us to discuss the funding issue for COMESA. Economic union is created when, entails identifying and outlining the organization’s strong attributes that are helpful to achieving the objectives(strengths); weak attributes of the organization that are harmful to achieving its objectives (weaknesses); external opportune conditions that are helpful to achieving the organization’s objectives (Opportunities); external conditions that are harmful to achieving the organizations objectives(threats). A few difficulties are however expected with the launch of the TFTA but these will be effectively managed and mitigated. It has created a legal framework to encourage the growth of the private sector 5. The interesting feature of this trade is that it comprises of value added manufactured products. This may be attributed to the fact that for the last five years no additional signatures and ratifications of the Protocol on Free Movement have been recorded. Objectives of COMESA COMESA was established in 1994 to replace the Preferential Trade Area for Eastern and Southern Africa (PTA), which had been in existence since 1981. Under this framework, selected imports from non-COMESA countries used for consumption would be levied based on the United Nation’s Broad Economic Categories. One major achievement by the ECOWAS is the construction of highways linking major cities across the region. COMESA places the member states at an advantage of adopting a common custom scheme that abolishes non-tariff barriers to trade between themselves. Both the LPA and the FAL envisaged an evolutionary process in the economic integration of the continent in which regional economic communities would constitute building blocks upon which the creation of an African Economy Community (AEC) would ultimately be erected. In the early 1980s, the Asian-African Legal Consultative Organization (AALCO) which was formed in 1956, published three draft BITs, which provided different models of investment liberalization and protection. Francis Uzoho, On trade integration, COMESA in 2000 launched Africa’s first Free Trade Area (FTA). At inception of the Preferential Trade Area in 1981 and later its transformation to COMESA in 1994, the portfolio of programs was low and hence their financial requirements. But this will compel Tripartite member/partner States to exploit their comparative and competitive advantages. In addition, he oversaw and supervised the operations of COMESA established institutions such as the Leather and Leather Product Institute (LLPI), the Clearing House and the Regional Investment Agency. Soon we are expecting additional non-COMESA countries, including Angola and South Sudan to join the scheme. They include fiscal frameworks and mineral policy, strengthening human and institutional capacities, collection and management of geo-scientific information, research and development, environmental and social issues; and linkages, diversification and cluster development. COMESA Competition Regulations ----- PREAMBLE HAVING regard to Article 55 of the Treaty establishing the Common Market for Eastern and Southern Africa (COMESA) (hereinafter referred to as “the Treaty”); RECOGNISING: that anti-competitive practices may constitute an obstacle to the achievement of The goal towards a Customs Union has also received new impetus following the successful negotiation for the launching of the Tripartite COMESA-EAC-SADC Free Trade Area. Piatto Stoneridge Menu, The region has also witnessed increased cross border investments in manufacturing, infrastructure and services. Full speech, News: Ethio Lease hands over high-tech medical imaging equipment to Alatyon Hospital, Hawassa, News: Sudan fails to attend planned ministerial virtual meeting on GERD; says its call for AU experts meeting received no response, AGOA should go beyond market access: PM Hailemariam. Achievements of COMESA 1. The development partners therefore came on board to supplement the enlarged portfolio which accounts for about 70% now. Currently over 200 Insurance Companies are involved in its operations and annually over 200,000 inter-state motorists use the Yellow Card. Must've Never Met You Chords, Furthermore, member countries are in a position to establish conditions regulating the flow of goods from third party countries within the Common Market. Mb Auctions, COMESA is Africa’s largest economic community with a total population of around 430 million and an estimated combined GDP of US$ 447 billion. 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