COMESA is the short for The Common Market for Eastern and Southern Africa. It was formed in December 1994 to replace the former Preferential Trade Area (PTA) which had existed from the early 1980’s.
It is the largest regional economic organization in Africa with 19 member states: Burundi, Comoros, DRC, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, South Africa, Sudan, Uganda, Zambia and Zimbabwe.
COMESA was established was established “as an organization of free, independent states which have agreed to cooperate in developing their natural and human resources for the good of all their people”.
COMESA Centre is located in Lusaka. It is home to the Secretary General’s Office and most of the more than 150 staff members many of the organization’s functions are carried out from the COMESA Centre.
The authority sets the policies and makes sure that COMESA achieves its objectives
• It is the second highest organ. It is made up of Ministers of the member states.
• It makes sure that COMESA functions properly
• It also makes decisions on the programmes and activities of COMESA.
• It is made up of Permanent .Secretaries from the Member States.
• The committee develops programmes and action plans and makes sure that the Common Market functions properly
• It makes financial and budgetary decisions
• Establishing a Customs Union
• Formation of a large economic and trading unit
• Formation of a free trade area
The custom is meant to merge or join a number of customs territories into a single customs territory where custom duties and other measures that restrict trade are removed between the merged territories.
A free trade area a trade group whose member countries charge little or no tariffs or price control on goods traded between these countries. They create a trade policy that all countries in the free trade area agree to.
• Consumers have access to cheaper and/or better quality foreign goods
• Prices decrease because governments reduce or remove tariffs
• It increases the profitability of each country because it allows agreeing nations to focus on producing goods they are best at making
It focuses on formation of a large economic and trading unit by:
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