Common Market for Eastern and Southern Africa
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Common Market for Eastern and Southern Africa
Marché commun de l'Afrique orientale et australe Mercado Comum da África Oriental e Austral |
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| Anthem: People of Africa[1] |
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Map of membership in the COMESA
Current members
Former members
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| Seat of Secretariat | Lusaka, Zambia | |
| Official languages | English, French and Portuguese | |
| Type | Trade bloc | |
| Membership | 20 member states | |
| Leaders | ||
| - | Secretary General | Sindiso Ngwenya |
| Establishment | ||
| - | Signed | 5 November 1993 |
| - | Ratified | 8 December 1994 |
| Website http://www.comesa.int/ |
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The Common Market for Eastern and Southern Africa, is a free trade area with nineteen member states stretching from Libya to Zimbabwe. COMESA formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Nine of the member states formed a free trade area in 2000 (Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe), with Rwanda and Burundi joining the FTA in 2004 and the Comoros and Libya in 2006.
COMESA is one of the pillars of the African Economic Community.
In 2008, COMESA agreed to an expanded free-trade zone including members of two other African trade blocs, the East African Community (EAC) and the Southern Africa Development Community (SADC).
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[edit] Membership
Current members:
Burundi (21 Dec 1981)
Comoros (21 Dec 1981)
Democratic Republic of the Congo (21 Dec 1981)
Djibouti (21 Dec 1981)
Egypt (6 Jan 1999)
Eritrea (1994)
Ethiopia (21 Dec 1981)
Kenya (21 Dec 1981)
Libya (3 June 2005) (at the 10th Summit of COMESA)
Madagascar (21 Dec 1981)
Malawi (21 Dec 1981)
Mauritius (21 Dec 1981)
Rwanda (21 Dec 1981)
Seychelles (2001)
South Sudan (2011) [2]
Sudan (21 Dec 1981)
Swaziland (21 Dec 1981)
Uganda (21 Dec 1981)
Zambia (21 Dec 1981)
Zimbabwe (21 Dec 1981)
Former members:
Lesotho (quit in 1997)
Mozambique (quit in 1997)
Tanzania (quit on September 2, 2000)
Namibia (quit on May 2, 2004)
Angola (Suspended itself in 2007) [3][4]
[edit] Organs of the Common Market
The following organs have decision-making power according to the treaties
- The COMESA Authority, composes of Heads of States or Government.
- The COMESA Council of Ministers
- The COMESA Court of Justice
- The Committee of Governors of Central Banks
The following lower policy organs make recommendations to the above:
- The Inter-governmental Committee
- The Twelve Technical Committees
- The Consultative Committee of the Business Community and other Interest Groups
- The COMESA Secretariat.
Other institutions created to promote development are:
- The PTA Bank (Eastern and Southern African Trade and Development Bank) in Nairobi, Kenya
- The COMESA Clearing House in Harare, Zimbabwe
- The COMESA Association of Commercial Banks in Harare, Zimbabwe
- The COMESA Leather Institute in Ethiopia
- The COMESA Re-Insurance Company (ZEP-RE)in Nairobi, Kenya
- The Regional Investment Agency in Cairo, Egypt
[edit] Comparison with other regional blocs
| African Economic Community |
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| Pillars regional blocs (REC)1 |
Area (km²) | Population | GDP (PPP) ($US) | Member states |
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| in millions | per capita | ||||
| AEC | 29,910,442 | 853,520,010 | 2,053,706 | 2,406 | 54 |
| ECOWAS | 5,112,903 | 251,646,263 | 342,519 | 1,361 | 15 |
| ECCAS | 6,667,421 | 121,245,958 | 175,928 | 1,451 | 11 |
| SADC | 9,882,959 | 233,944,179 | 737,335 | 3,152 | 15 |
| EAC | 1,817,945 | 124,858,568 | 104,239 | 1,065 | 5 |
| COMESA | 12,873,957 | 406,102,471 | 735,599 | 1,811 | 20 |
| IGAD | 5,233,604 | 187,969,775 | 225,049 | 1,197 | 7 |
| Other African blocs |
Area (km²) | Population | GDP (PPP) ($US) | Member states |
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| in millions | per capita | ||||
| CEMAC 2 | 3,020,142 | 34,970,529 | 85,136 | 2,435 | 6 |
| SACU 2 | 2,693,418 | 51,055,878 | 541,433 | 10,605 | 5 |
| UEMOA 2 | 3,505,375 | 80,865,222 | 101,640 | 1,257 | 8 |
| UMA 3 | 5,782,140 | 84,185,073 | 491,276 | 5,836 | 5 |
| GAFTA 4 | 5,876,960 | 166,259,603 | 635,450 | 3,822 | 5 |
| 1 The Sahrawi Arab Democratic Republic (SADR) is a signatory to the AEC, but not participating in any bloc yet 2 Economic bloc inside a pillar REC smallest value among the blocs compared
largest value among the blocs compared
During 2004. Source: CIA World Factbook 2005, IMF WEO Database |
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[edit] See also
| African Union |
This article is part of the series: |
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Executive
Legislature
Judiciary
Advisory bodies
Financial bodies
Decentralised bodies
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Other countries · Atlas Politics portal |
- Trade bloc
- East African Community (EAC)
- Economic Community of Central African States (ECCAS)
- Southern African Development Community (SADC)
- Southern African Customs Union (SACU)
- Arab Maghreb Union (UMA)
- Intergovernmental Authority on Development (IGAD)
- Greater Arab Free Trade Area (GAFTA)
- Yellow card system - motor insurance scheme of COMESA
[edit] External links
[edit] References
- ^ "Comesaweb – Comesa anthem". Comesa.int. http://about.comesa.int/index.php?option=com_content&view=article&id=16&Itemid=34. Retrieved 2 September 2011.
- ^ All Africa Global Media. "COMESA Welcomes New Member". MENAFA.com. http://www.menafn.com/qn_news_story.asp?storyid={62d78860-a792-475c-bff9-0722d5d61d3e}. Retrieved 31 October 2011.
- ^ "SADC, COMESA and the EAC: Conflicting regional and trade agendas". October 2008. http://www.igd.org.za/publications/occasional-papers/item/download/32. Retrieved 07 May 2011.
- ^ "African integration is great but has its hurdles". 26th May 2010. http://www.newvision.co.ug/D/8/20/720784. Retrieved 07 May 2011.