Common Market for Eastern and Southern Africa (COMESA)
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COMESA Objectives and Priorities
The history of COMESA began in December 1994 when it was formed to replace the former Preferential Trade Area (PTA) which had existed from the earlier days of 1981. COMESA (as defined by its Treaty) was established ‘as an organisation of free independent sovereign states which have agreed to co-operate in developing their natural and human resources for the good of all their people’ and as such it has a wide-ranging series of objectives which necessarily include in its priorities the promotion of peace and security in the region.
However, due to COMESA’s economic history and background its main focus is on the formation of a large economic and trading unit that is capable of overcoming some of the barriers that are faced by individual states..
COMESA’s current strategy can thus be summed up in the phrase ‘economic prosperity through regional integration’. With its 21 Member States, population of over 583 million a Gross Domestic Product of $805 billion, a global export/import trade in goods worth US$ 324 billion, COMESA forms a major market place for both internal and external trading.
Geographically, COMESA almost two thirds of the African Continent with an area of 12 Million (sq km).
What COMESA Offers
COMESA offers its members and partners a wide range of benefits which include:
1. A wider, harmonised and more competitive market
2. Greater industrial productivity and competitiveness
3. Increased agricultural production and food security
4. A more rational exploitation of natural resources
5. More harmonised monetary, banking and financial policies
6. More reliable transport and communications infrastructure
COMESA Core Values
These core values have been forged through over 20 years of existence. As a Regional Economic Community (REC), our commitment to these core values starts with our diversity in staff drawn from the 21 Member States and runs through the organization. Our core values are:
1. We believe in satisfying our customers
2. We take pride in our reputation for delivering services with professionalism, integrity and innovation.
3. We believe in quality leadership, teamwork and respect for each other in an enabling environment.
4. Our people care for our environment and uphold its social responsibility
The history of COMESA began in December 1994 when it was formed to replace the former Preferential Trade Area (PTA) which had existed from the earlier days of 1981. COMESA (as defined by its Treaty) was established ‘as an organisation of free independent sovereign states which have agreed to co-operate in developing their natural and human resources for the good of all their people’ and as such it has a wide-ranging series of objectives which necessarily include in its priorities the promotion of peace and security in the region.
However, due to COMESA’s economic history and background its main focus is on the formation of a large economic and trading unit that is capable of overcoming some of the barriers that are faced by individual states..
COMESA’s current strategy can thus be summed up in the phrase ‘economic prosperity through regional integration’. With its 21 Member States, population of over 583 million a Gross Domestic Product of $805 billion, a global export/import trade in goods worth US$ 324 billion, COMESA forms a major market place for both internal and external trading.
Geographically, COMESA almost two thirds of the African Continent with an area of 12 Million (sq km).
What COMESA Offers
COMESA offers its members and partners a wide range of benefits which include:
1. A wider, harmonised and more competitive market
2. Greater industrial productivity and competitiveness
3. Increased agricultural production and food security
4. A more rational exploitation of natural resources
5. More harmonised monetary, banking and financial policies
6. More reliable transport and communications infrastructure
COMESA Core Values
These core values have been forged through over 20 years of existence. As a Regional Economic Community (REC), our commitment to these core values starts with our diversity in staff drawn from the 21 Member States and runs through the organization. Our core values are:
1. We believe in satisfying our customers
2. We take pride in our reputation for delivering services with professionalism, integrity and innovation.
3. We believe in quality leadership, teamwork and respect for each other in an enabling environment.
4. Our people care for our environment and uphold its social responsibility
Company Information
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Common Market for Eastern and Southern Africa (COMESA)
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Since :
01-01-1970
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