What is The Common Markets for Eastern and Southern Africa (COMESA)?
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The Common Markets for Eastern and Southern Africa COMESA was formed to assist manufacturers and producers from the countries of eastern, central and southern Africa to expand their markets The Common Market for Eastern and Southern Africa is a free trade area with nineteen member states stretching from Libya to Swaziland. 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, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe), with Rwanda and Burundi joining the FTA in 2004, the Comoros and Libya in 2006, and Seychelles in 2009. The following are the aims and objectives of COMESA. To attain sustainable growth and development of the member states by promoting a more balanced and harmonious development of its production and marketing. To promote cooperation in all fields of economic activity and joint adoption of macro-economic policies and pro...