Common Market for Eastern and Southern Africa (COMESA)
COMESA is an African economic grouping of 19 member states who are committed to the creation of a Common Market for Eastern and Southern Africa. It was established in 1994 as a building block for the African Economic Community and replaced the Preferential Trade Area for Eastern and Southern Africa, which had been in existence since 1981.
Members. Burundi, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malaŵi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia, Zimbabwe.
Objectives. To facilitate the removal of the structural and institutional weaknesses of member states so that they are able to attain collective and sustainable development.
Activities. COMESA’s Free Trade Area (FTA) was launched on 31 Oct. 2000 at a Summit of Heads of States and Government in Lusaka, Zambia. The FTA participating states have zero tariff on goods and services produced in these countries.
In addition to creating the policy environment for freeing trade, COMESA has also created specialized institutions like the Eastern and Southern African Trade and Development Bank (PTA Bank), the PTA Reinsurance Company (ZEP-RE), the Clearing House and the COMESA Court of Justice, to provide the required financial infrastructure and service support. COMESA has also promoted a political risk guarantee scheme, the Africa Trade Insurance Agency (ATI), a Leather and Leather Products Institute (LLPI), as well as a cross-border insurance scheme, the COMESA Yellow Card.
Official languages: English, French and Portuguese.
Headquarters: COMESA Secretariat, COMESA Centre, Ben Bella Rd, PO Box 30051, 10101 Lusaka, Zambia.
Secretary General: Sindiso Ngwenya (Zimbabwe).