COMESA agreement Egypt signed the accession to the Common Market for Eastern and Southern Africa "COMESA" on the 06/29/1998, was initiated in the application of customs exemptions on imports from member states as of 02.17.1999 on the basis of the principle of reciprocity, then Egypt signed the Convention on the establishment of a free trade zone with eight member states on 31/10/2000. The number of member states of COMESA 19 countries are: (Egypt - Libya - Sudan - Kenya - Ethiopia - Djibouti - Uganda - DRC - Zambia - Eritrea - Malawi - Rwanda - Zimbabwe - Swaziland - Mauritius - Seychelles - Burundi - Comoros - Madagascar ). One of the main advantages of this Agreement customs exemption and freedom from quantitative restrictions exchanged items. The position of the implementation by Member States for the removal of customs duties on imports from other Member States: • joined the eleven Member States in COMESA to the Arab Free Trade Area, and under this accession is committed to both (Egypt - Kenya - Malawi - Mauritius - Sudan - Zambia - Djibouti - Madagascar - Rwanda - Zimbabwe - Burundi) to grant duty-full intraregional trade. The Convention provides added value of not less than 35% as a condition for the enjoyment of the exemption, but that Egypt apply 45% of the local component of the condition of reciprocity. Some Sudanese goods excluded from the customs exemption based on a bilateral agreement with Egypt. • Apply Uganda, Eritrea, Comoros 80% exemption for the time being. • Ethiopia applied tariff reductions by 10%. • the rest of the Member States did not reconcile their positions after the application of tariff reduction. The most important items of Egyptian exports to COMESA countries are successfully food industries, construction and building materials, iron and steel, cement, and chemical and pharmaceutical products and engineering industries and air conditioning and refrigeration.
Posted on: Mon, 26 Aug 2013 15:49:08 +0000
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