Commercial Farmers' Union of Zimbabwe

Commercial Farmers' Union of Zimbabwe

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COMESA Launches Free Trade Area

COMESA Launches Free Trade Area

http://www.radiovop.com

2 hours 32 minutes ago

Sandton, June 12, 2011-The Tripartite alliance comprising of Southern Africa 
Development Community (SADC), East African Community (EAC) and Common Market 
of East and Southern Africa (COMESA) launched negotiations for a Free Trade 
Area (FTA) between these two regions meant to bolster intra-regional trade, 
a communiqué released after the COMESA summit noted, Sunday.

The negotiation launched is meant to “increase a wider market, increase 
investment flows, enhance competitiveness and develop cross-regional 
infrastructure”, read part of the communiqué issued at the end of the 
meeting.

The FTA negotiations are in line with achieving Africa’s vision of 
establishing the African Economic Community that seeks to harmonise and 
coordinate policies and programmes of Regional Economic Communities (REC).

The summit adopted a developmental approach that will see these regions 
being anchored on market integration, infrastructure development and 
industrial development meant to boost production capacity of the Tripartite.

The COMESA summit commenced Saturday and spilled on to Sunday afternoon with 
the Zimbabwe president Robert Mugabe being reported to have been absent most 
part of the day due to alleged health problems.

The SADC special summit on Zimbabwe meant to deliberate on the roadmap to 
elections and full implementation of the Global Political Agreement started 
after the COMESA meeting late Sunday afternoon and a communiqué was expected 
to be issued at the end of the deliberations later in the evening.

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