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The Common Market for Eastern and Southern Africa ( COMESA) is a regional economic community in Africa 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. Nine of the member states formed a free trade area in 2000 ( Djibouti ...
COMESA was established in 1994 as a replacement for the Preferential Trade Area. It includes 20 nations, with a combined GDP of US$286.7bn in 2006. Among its members are Zimbabwe, Zambia, Uganda and Sudan. The EAC, the smallest of the member trade blocks in terms of GDP, had a GDP of US$46.6bn in 2006. Member states
also member of SADC and COMESA Djibouti: 2000– 23,200 also member of IGAD and COMESA Egypt: 2001– 1,010,408 also member of COMESA, candidate to AMU/UMA Eritrea: 1999– 117,600 also member of IGAD and COMESA Gambia: 2000– 10,689 also member of ECOWAS/CEDEAO and WAMZ Ghana: 2005– 239,567 also member of ECOWAS/CEDEAO and WAMZ Guinea: 2007 ...
The revenue is shared among members according to a revenue-sharing formula, as described in the agreement. South Africa is the custodian of this pool. Only the BLNS Member states' shares are calculated, with South Africa retaining the residual. SACU revenue constitutes a substantial share of the state revenue of the BLNS countries.
On June 10, 2015 the deal was signed in Egypt by the countries shown below (pending ratification by national parliaments). On June 15, 2015 at the 25th African Union Summit in Johannesburg , South Africa , negotiations were launched to create an African Continental Free Trade Area (CFTA) by 2017 with, it was hoped, all 54 African Union states ...
The Trade and Development Bank (TDB), formerly the PTA Bank, is a trade and development financial institution operating in eastern and southern Africa. TDB is the financial arm of the Common Market for Eastern and Southern Africa (COMESA), although membership is open to non-COMESA states and other institutional shareholders. [3]
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency (see African Monetary Union) thus establishing an economic and monetary union.
The SADC's goal is to further regional socio-economic cooperation and integration as well as political and security cooperation among 16 countries in southern Africa. Although its primary objectives are development, economic growth, and poverty alleviation, peacekeeping has become increasingly important to the SADC.: 70 Member states