INTRODUCTION The acronym COMESA stands for The Common Market for Eastern and Southern Africa. The electric chair of the COMESA banish is the Malawian President Ngwazi Bingu wa Mutharika. Vision: To be a fully integrated, internationally competitive regional community of interests; a community within which there is frugal prosperity as evidenced by high standards of living for its people, political and mixer stability and peace, community within which goods, services, capital and ride argon free to move across national borders. bang: reach to achieve sustainable sparing and social impart in all member states through increased cooperation and integrating in all fields of development. Main Objective: To heighten economic cooperation in all fields of economic exercise in order to achieve sustainable transformation of the coordinate of toil of the national economies of member states The roots of COMESA can be traced as far as when the first and second co nferences of item-by-item African States held in Accra, Ghana, in April 1958 and in Addis Ababa, Ethiopia in June 1960, respectively, the economic problems to be faced by independent Africa were discussed.
There was a consensus that the puniness and fragmentation of post-colonial African national markets would constitute a study obstacle to the diversification of economic activity, away from a tightfistedness on production of a narrow black market of primal exports, to the establishment of modern and internationally competitive enterprises, which would meet municipal needs and meet export requirements. It wa s, therefore, agreed that African countries ! which had gained political independence, should promote economic co-operation among themselves. Two options were advocated for the implementation of the desegregation dodging in Africa: a) The Pan-African, all-embracing regional approach, which envisaged the immediate creation of a regional continental economic arrangement; b) The geographically narrower approach...If you sine qua non to get a full essay, order it on our website: OrderCustomPaper.com
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