Regional Agreements


THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY (SADC)

 

THE SADC

 

MAJOR DOMESTIC EXPORTS FROM MAURITIUS TO SADC (2013)

MAJOR IMPORTS BY MAURITIUS FROM SADC (2013)

 

MAIN IMPORTS BY SOUTH AFRICA FROM THE WORLD

 

COMESA

• The COMESA was set up in 1994, succeeding the Preferential Trade Agreement which existed since 1981.
• The COMESA comprises 19 member states, including Burundi, Comoros, D R Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and
Zimbabwe.
• 9 of the member states (Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia, and Zimbabwe) formed a Free Trade Area in 2000. Rwanda and Burundi joined in 2004 and Comoros Island and Libya joined in 2006.
• These thirteen countries have eliminated their tariffs on COMESA originating products, in accordance with the tariff reduction schedule adopted in 1992.
• Other countries are providing preferences at varying levels.
• The principal institutions that constitute COMESA are the COMESA Authority, Comprising Heads of States/Governments, The Council of Ministers, the COMESA Court of Justice, T PTA Re-insurance, the Regional Investment Agency, the Leather and Leather Products Institute, the PTA Bank, and the Clearing House.
• In 2009, the combined gross domestic product (GDP) for COMESA stood at an estimated US$ 448.0 billion, which is forecast to increase to US$ 512.6 billion in 2010 and further to US$ 573.5 billion in 2011.
• Per capita GDP, at current prices, of the region as a whole, was estimated at US$ 897 in 2009, up from US$ 858 in 2008.
• The COMESA, EAC and SADC, comprising 26 countries, with a population of half a billion and with a combined Gross Domestic Product of US$624 billion, are negotiating for an unified FTA, to be concluded by 2012 - it will be a stepping stone for a continental union.
• Negotiations are taking place in SADC for a Custom Union, a Central Bank and a common currency.
• The approved Common External Tariffs (CET) Rates for the Custom Union are - Raw materials (0%), Capital Goods (0%), Intermediate Goods (10%), Finished Goods (25 %).
• The duty rates of about 55% of tariff lines in Mauritius are lower than the COMESA Rates and Mauritius will have to invoke the COMESA `standstill clause` which allow a country not to raise tariffs above prevailing national rates.

 

The Common Market for Eastern and Southern Africa (COMESA)

 

MAJOR DOMESTIC EXPORTS FROM MAURITIUS TO COMESA (2013)

MAJOR IMPORTS BY MAURITIUS FROM COMESA (2013)

 

 

 

Real GDP Growth Rates of COMESA Countries (%)

GDP Per Capita of COMESA Countries (US$) (current prices)

 

 

Population of COMESA Countries (mn)

 

Average Consumer Prices Inflation of COMESA Countries (annual % change)

 

Global Trade of the COMESA Region (US$ bn)

 

Trends in Export of COMESA countries (US$ bn)