Addis Standard is a monthly English private magazine published and distributed by JAKENN Publishing P.L.C. WE have had a good year with solid achievements and we can look to the future with great optimism and determination, says COMESA secretary general Chileshe Kapwepwe. Achievement of COMESA . 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. 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 . 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. The two countries have promised to ratify the Protocol. AUTO. comesa achievements October 8, 2020. Your email address will not be published. There is need to understand whether such an approach was used in the process of adopting the Visa Protocol. 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. Achievements During the period 2000-2002 the then potential ARICEA members made contributions to implementation of the COMESA ICT Policy and Regulatory Programme, comprising, among others: • Consensus-building on an ICT Policy and a Model Information and Communication Bill that were adopted in March 2003 by the COMESA Policy Organs; GATT trading regulations established between 1947 and 1994 (and in particular those negotiated during the Uruguay Round) remain the primary rule book for multilateral trade in goods. Macro-Economic Convergence Achievements Export. Zlatan Vs England, Cupid And Psyche Translation, 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. The Report highlights achievements of COMESA in 2011 and reviews the impact of world trade on Africa in general, and the COMESA region in particular, as well as its influence on our regional integration agenda. The development partners therefore came on board to supplement the enlarged portfolio which accounts for about 70% now. This is a key pre-requisite for industrialization and the evolution of new products from mineral commodities. Our colleagues in ECOWAS agreed on a community levy of 1.5% of the customs duty, and this raises over $630 million per year for financing their integration programs. 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. But let me hasten to say this would be a short term phenomenon. 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 Has harmonized the monetary policies throughout the … 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. In June 2009, COMESA launched the Customs Union which is in process of being implemented. 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. On trade integration, COMESA in 2000 launched Africa’s first Free Trade Area (FTA). The interesting feature of this trade is that it comprises of value added manufactured products. November 10,2009 COMESA holds the 13th Meeting of the COMESA Committee of Governors of Central Banks in Cairo, Egypt, where the decision to create the COMESA Monetary Institute (CMI) is made. The region has also witnessed increased cross border investments in manufacturing, infrastructure and services. This demonstrates the confidence that the African continent and the world at large have with COMESA institutions. Francis Uzoho, Bookmark Follow. The infrastructure development pillar addresses regional infrastructure gaps in roads, ports, rail, communication, energy, air transport, among others. Two other states namely Burundi and Rwanda joined the list of COMESA on 1st January 2004. So far four countries (Burundi, Kenya, Rwanda and Zimbabwe) out of the 19 have signed the protocol of free movement of persons. 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. But the same holds true for the realization of Customs Union within member states, which didn’t take off. According to some figures, about 70% of the operational budget for COMESA comes from development partners. In addition, past experience suggests that African countries have had very limited success in replacing lost trade taxes with revenue from other sources. Legacy Of The First Blade New Abilities, It has created a legal framework to encourage the growth of the private sector 5. 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 … Because of its focus on full private sector participation in integration, COMESA offers new opportunities for industrial, production, investment, development and trade opportunities not hitherto available under the previous regional … The COMESA Free Trade Area was formed in October 2000.At that time, intra-COMESA trade was only USD 3.1 Billion, but due to its robust trade liberalisation and trade facilitation programs, this trade has now grown to over USD 18.4 Billion in 2012. Led to liberalization among member states making easier for members to trade with one another 2. Brics Summit 2017, The latter brings buyers and sellers in a virtual market in real time. The people of the COMESA region can qualitatively anticipate the following in terms of economic growth, regional integration and industrialization in the next decade: First, the COMESA, EAC and SADC Tripartite Free Trade Area will create a large market with a population of 625 million people and a combined Gross Domestic Product of US $1.3 trillion. And finally, as COMESA celebrates its 20th year founding anniversary, what are the next big plans up in its sleeve? 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. Cerebral Palsy Osteoporosis, close. 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. Infrastructure will be a key driver of economic growth and transformation of the COMESA economies. Awash Bank offers a unique bouquet of innovative products and services that help individuals manage their finances now and in the future, Awash Insurance Company S.C. (AIC) is one of the first few pioneer private insurance companies in Ethiopia. Most of them have credit ratings from International Credit Rating Agencies and are thus able to raise funds from the international capital markets. The COMESA region in particular and Africa in general will become the locomotive for the growth of the global economy. COMESA is executing many ambitious regional programs such as the CVTFS and has many institutions such as PTA Bank, PTA Re- Insurance Company (ZEP-RE) ,Africa Trade Insurance Agency (ATI) etc. One major achievement by the ECOWAS is the construction of highways linking major cities across the region. Administrative Traineeship, COMESA, the Common Market for Eastern and Southern Africa, was established on 8 December 1994 as the successor to the Preferential Trade Area (PTA). The enthusiasm of the EAC to facilitate trade among its members is enshrined in Article 5 (2) of the Treaty establishing the East African Community … 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. All Rights Reserved, Can I Put My Electric Bill In Someone Else Name, Number Of Countries With Organic Regulation Is. If I can ask you to tell me where you think the COMESA is doing well and where it is faring behind. Of late, the donor contributions to the COMESA region have decreased and the terms and conditions of these funds are changing. The Pale Horse Webtoon Characters, Overlapping memberships have led to conflicting goals and limited progress in both organizations, and reveal a lack of political This means that partly, COMESA member States do not always have full control of the allocation and use of these funds. Led to liberalization among member states making easier for members to trade with one another 2. Soon we are expecting additional non-COMESA countries, including Angola and South Sudan to join the scheme. The level of awareness on the COMESA legal instruments has not been effectively cascaded to the general public. Sun King Menu, To further demonstrate the effectiveness and contribution of these institutions one can cite the impact of the COMESA Competition Commission (CCC) which handled and approved within twelve months of its existence US$13 billion of cross border mergers and acquisitions that resulted in more jobs being created and new technology transfers. 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. (ii) COMESA member states produce similar goods thus interfering with marketing. The PTA was established within the framework of the OAU's Lagos Plan of Action (LPA) and the Final Act of … These are; building the institutions and governance of the resources sector, developing infrastructure, ensuring robust fiscal policy and competitiveness, supporting local content, deciding how to spend a resources windfall wisely and transforming resource wealth into broader economic development. She said celebrating 25 years of existence and service was a solemn time for introspection as an organisation to rediscover “ourselves, and our values” and forge ahead even more boldly. Crispr Baby China, Home Dashboards Made in COMESA Tools Resource Center COVID-19. Industrial development will deal with the supply side constraints faced by many African countries. 43 of Notice No 2 of 2004. Convergence achievements: Met = 1, Not Met = 0, Slightly Missed = 2. The COMESA-EAC- SADC Tripartite Free Trade Area (TFTA) will be launched in June this year during the Heads of State and Governments Summit in Egypt. It is registered with the Ministry of Trade and Industry of the Federal Democratic Republic of Ethiopia under license number 1552/2003. This slows down the implementation of the Visa protocol. 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. In the case of ATI, the 15 member States of ECOWAS have now joined the Agency which is now a Pan African Organization. Before his appointment as Secretary General, Ngwenya was the Assistant Secretary General of COMESA in charge of Programs a position he held for ten years. What was the outcome of this system so far? 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. For almost all member countries in COMESA and SADC, revenue from trade taxes is at least 10 percent of total government revenue. 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. The agreement with WA thus acknowledges that institutions that support mineral development in Africa are generally weak due to human skills deficiency and financial constraints and therefore inappropriate to effectively facilitate the role of minerals in development. It will result in increased employment, government revenue and savings on foreign exchange. Standards (2010). 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. It promoted cooperation with regard to customs 3. Further, resource rich countries experience high levels of conflict and strife a situation that is described as the “Resource Curse”. DEVELOPMENTS IN AFRICA, MIDDLE EAST AND ASIA. 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. Copyright © 2019, Addis Standard Magazine ® All Rights Reserved. Address: Leul Taz Building 3rd Floor Off No. A few difficulties are however expected with the launch of the TFTA but these will be effectively managed and mitigated. Now that more States are relaxing the visa rules we are optimistic that the signing and ratification of the Protocol will pick pace. In this position, he was responsible for overseeing the development and implementation of COMESA programs. Required fields are marked *. COMESA has a free trade area, with 19 member states, and launched a customs union in 2009. The long term effect would be increased welfare for the citizens of the tripartite region. Smart investment in human capital will be the basis for the qualitative and quantitative leap of the COMESA through regional integration. However, with regard to the EAC Customs Management Act and the COMESA Customs Management Regulations, not much difference exists. Although Zimbabwe is landlocked, region. The primary advantage to workers is that a visa or work permit is not required for employment in another member country of a common market. The seminar was held days ago in Kampala under the theme: ‘Role of Comesa Court of […] This pillar will focus on the development of value chains within the tripartite region. Why are members states unwilling, or too slow, to ratify the protocols which are already there to allow the free movement of people, which will in turn boost intra COMESA trade activities? National Competition Authorities & the Commission, Guide to anti-competitive business practices, Competition and Consumer Protection Commission Zambia, Competition and Tarrif Commission Zimbabwe. It has created a legal framework to encourage the growth of the private sector 5. We’ve had a good year with solid achievements – COMESA. Niamh Cusack, The other disadvantage would be the collapse of inefficient and uncompetitive industries. 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. COMESA, the Common Market for Eastern and Southern Africa, was established on 8 December 1994 as the successor to the Preferential Trade Area (PTA). The financial institutions, for example provide financing to the public and private sector. the COMESA Aid for Trade Strategy conducted by ECDPM from July to September 2011, with funding from ECDPM and COMESA Secretariat. 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 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. After 20 years, what do you think describes COMESA the best? There are a number of advantages that will come with the launch of the TFTA. What are the particular areas that the COMESA wants to help member states in this sector? 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. Some sectors have already been identified which member/partner States are working on. 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 achievements of COMESA have been quite significant through the year. 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. The MoU established a framework for cooperation covering mineral and petroleum resources, agriculture, vocational training and capacity building. In the agreement, six focus areas are identified in the minerals sector. COMESA, the Common Market for Eastern and Southern Africa, was established on 8 December 1994 as the successor to the Preferential Trade Area (PTA). 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. A Joint Working Group of experts drawn from COMESA and WA developed the draft work program for operationalizing the MoU. On trade integration, COMESA in 2000 launched Africa’s first Free Trade Area (FTA). 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. Mr. Dieterich, as managing director, is a member of the board of GM (K), which is presently chaired by Mr. Bernard Hinga. Number Of Countries With Organic Regulation Is, Where Does Djokovic Live, 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. 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. 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). It is on cooperation in mining and related fields of development. Kenya and Rwanda are already fully complying with the COMESA Protocol on the Gradual Relaxation of visas and are applying most of the provisions of the Protocol on Free Movement of Persons, Services, Labor and Right of Establishment which has not yet entered into force. COMESA (as defined by its Treaty) was established as an organisation of free independent sovereign states which have agreed to co-operate in They include the initial loss of revenue by some countries. Mwembeshi Resources pledges clean mining in Lower Zambezi, Stanbic will not become a faceless entity, says Gabaraane. Under this framework, selected imports from non-COMESA countries used for consumption would be levied based on the United Nation’s Broad Economic Categories. Agriculture is the main economic sector in most COMESA member countries as it contributes largely to the Gross Domestic Product (GDP) and foreign exchange earnings e.g. 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. Over the last two decades, Kenya has actively participated in regional integration through various regional trading arrangements including the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA), and the Inter-Governmental Authority on Development (IGAD) and lately the Tripartite Free Trade Area (TFTA) and the African Continental Free Trade Area (AfCFTA). COMESA is Africa’s largest economic community with a total population of around 430 million and an estimated combined GDP of US$ 447 billion. The Balcony Byron Bay, 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 COMESA Common Market Levy is expected to contribute to improving the COMESA region’s infrastructure to spur economic development and contribute to improved Trade Facilitation measures that reduce the costs of cross-border trade. How much of it is political and what would it take for countries to act quick and effective? One of such intra road network currently been built by the ECOWAS is the Lagos-Abidjan highway that starts from Ivory Coast (Elubo) passes through Alflao and terminates in Lagos. 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. According to the SADC Major Achievements and Challenges Handbook, published in 2005, the ‘region has made considerable efforts to maintain continued political stability to attract cross-border and foreign direct investment’. Has harmonized the monetary policies throughout the … Only a few overlaps exist in tariff lines and these are being addressed towards harmonization. Over the years, the programs have grown in leaps and bounds outpacing the growth of the budget available from the assessed contributions from Member States. “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. There is an observation that for successful implementation, the Visa Protocol needs to be extensively negotiated from the grassroots up to the highest level. Hence, our theme for this year “Inclusive and Sustainable Industrialization”is intended to drive us there. 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. We too, can take this small but vitally important step and agree on a sustainable mechanism for funding our regional integration programs. Furthermore, member countries are in a position to establish conditions regulating the flow of goods from third party countries within the Common Market. Is Belgium A Country, The PTA was established within the framework of the OAU's Lagos Plan of Action (LPA) and the Final Act of Lagos (FAL). COMESA places the member states at an advantage of adopting a common custom scheme that abolishes non-tariff barriers to trade between themselves. When COMESA Free Trade Area was established in 2000, it was anticipated that the Customs Union would be in place after addressing the various administrative, legal, institutional and logistical issues. In addition, the shareholding of these institutions has been opened up to non-COMESA Member States. The COMESA Rules of Origin are the cornerstone of the COMESA trade regime and serve to prevent non-COMESA members from benefiting from preferential tariffs for them to access the COMESA market. Thames Water Contact Email, She said a COMESA that was fit for purpose, must additionally have headquarters that match its high profile. Specific sectors such as agriculture have been addressed, as well as issues dealing with anti-dumping. Brian Austin Green 90210, The TFTA will harmonize the trading regimes of the three RECs, thus eliminating the challenges of overlapping membership. This will make the COMESA region more competitive. Elizabeth Grant in 1958 in London, England it was most unusual for women to run companies. A major achievement of the SADC is its regional Free Trade Agreement, which was inaugurated in 2012. 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 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 It promoted cooperation with regard to customs 3. The period has also seen COMESA launching new trade facilitation instruments that are creating a borderless economy resulting in drastic reduction in the cost of doing business. Achievements of COMESA 1. 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. Further, TFTA will broaden the market of the 26 Member States and enhance intra-regional trade. Nine of the member states formed a free trade area in 2000 (Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe), … 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. 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. 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. 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By 2014, Competition Commission had facilitated mergers with transaction value of over US$45 billion. To date out of the twenty-five countries that have endorsed the compact nine have achieved an annual growth rate of 6 percent: Angola, Republic of the Congo, Gambia, Guinea Bissau, Burkina Faso, the firm and also the recruiting, evaluation, and training of personnel. In Short the implementation of the Yellow Card Scheme has indeed exceeded our expectations. With 65 percent of the population below the age of 30 years this will be a market with a large reservoir of labor and consumers of which a significant part is middle class. E-mail: info@addisstandard.com / addisstandard@gmail.com. There is lack of inter-ministerial consultation channels coupled with lack of follow-up progress that hinders the implementation process of the visa protocol. Water Live Map, Achievements of the East African Community. The rate is set to grow to 23 percent in 2-3 years after the launch. 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 and the Government of the State of Western Australia signed a Memorandum of Understanding (MoU) in January 2014. The TFTA is not only focusing on market integration, but it is also anchored on two other critical pillars: infrastructure development and industrial development. Riley Green Mobile Alabama, Piatto Stoneridge Menu, With regard to challenges raised by member States in signing and ratifying the Protocol, several factors affect the Member States pace towards signing and ratification; Most of the Members States seemed to have adopted a” wait- and- see” attitude. Why is that? Voa News Persian, 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. Partners therefore came on board to supplement the enlarged portfolio which accounts about... Countries within the Common Market Levy in Chapter 30, Article 168 of the operational budget for COMESA Juba! Regimes of the PTA Bank COMESA Secretariat January 2014 Regulations, not much difference exists revenue. Reduction in donor dependency our theme for this year “ Inclusive and sustainable industrialization ” is to. Thus contributing to regional economic transformation initial loss of revenue by some countries are COMESA. States making easier for members to trade with one another 2 to discuss the funding issue for COMESA over... Lifted the suspension of Christopher Kang ’ ombe and Binwell Mpundu in lost. 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