The 'Common Market for Eastern and Southern Africa', is a
preferential trading area with twenty member states stretching from
Libya to
Zimbabwe. COMESA 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, with Rwanda and Burundi joining the FTA in 2004 and the Comoros and Libya in 2006.
COMESA is one of the pillars of the
African Economic Community. The Secretary-General of COMESA is
Erastus J.O. Mwencha
Membership
'Current members:'
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (6 Jan 1999)
★ (1994)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (3 June
2005) (at the 10th Summit of COMESA)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (2001)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (21 Dec 1981)
★ (21 Dec 1981)
'Former members:'
★ (quit in
1997)
★ (quit in
1997)
★ (quit on September 2,
2000)
★ (quit in May 2,
2004)
Institutions
The following organs have decision-making power according to the treaties
★
The COMESA Authority, composes of Heads of States or Government.
★ The
COMESA Council of Ministers
★ The
COMESA Court of Justice
★ The
Committee of Governors of Central Banks
The following organs make recommendations to the institutions above:
★ The
Inter-governmental Committee
★ The
Twelve Technical Committees
★ The
Consultative Committee of the Business Community and other Interest Groups
★
The COMESA Secretariat. The Secretary General is appointed by the Authority for a duration of five years.
Other institutions created to promote development are:
★ The
COMESA Trade and Development Bank in
Nairobi,
Kenya
★ The
COMESA Clearing House in
Harare,
Zimbabwe
★ The
COMESA Association of Commercial Banks in
Harare,
Zimbabwe
★ The
COMESA Leather Institute in
Ethiopia
★ The
COMESA Re-Insurance Company (ZEP-RE)in
Nairobi,
Kenya
Comparison with other regional blocs
See also
★
Trade bloc
★
East African Community (EAC)
★
Economic Community of Central African States (ECCAS)
★
Southern African Development Community (SADC)
★
Southern African Customs Union (SACU)
★
Arab Maghreb Union (UMA)
★
Intergovernmental Authority on Development (IGAD)
★
Agadir Agreement
External links
★
COMESA web site
★
Information on COMESA history
★
Agreement establishing COMESA