TFTA
Since 2008, there was talk about merging the member states of COMESA, the East African Community (EAC, with five members) and the Southern Africa Development Cooperation (SADC, with 14 members). In 2011, leaders of the 26 African countries within these three existing regional economic communities announced plans to negotiate a tripartite free trade area between them which would, cover over 600 million people and an estimated US$1 trillion in trade. In June 2011 in Johannesburg governments adopted the negotiating principles, modalities for negotiations and a roadmap for negotiating such an agreement at the 2nd Comesa-EAC-Sadc Summit. The first negotiating round was held in Nairobi in December 2011 and in June 2015 the "Tripartite Free Trade Area" or #TFTA was finally signed. It now needs to be ratified by the assemblies of parliaments of each member state to come into effect.
The texts of the FTA are here: http://www.tralac.org/resources/by-region/comesa-eac-sadc-tripartite-fta.html.
This agreement is to form the precursor of a continental Africa-wide FTA or CFTA.
last update: June 2015
EAC’s increased exports to SADC excluding Tanzania was as a result of the increased benefits arising from the membership to the EAC-COMESA-SADC Tripartite.
Players in the automobile sectors from the East African Community and the Southern African Customs Union are developing a joint policy to encourage motor vehicle manufacturing that is beneficial to both blocs.
The TFTA will also be a building bloc for the African Continental Free Trade Area, COMESA official said.
Members of the Lower House approved the agreement establishing a Tripartite Free Trade Area among the Common Market for Eastern and Southern Africa, the East African Community, and the Southern African Development Community.
The deadline set by the Tripartite Council of Ministers for member States of three regional economic blocs to sign and ratify the tripartite free trade area lapses this month.
The deposit of the instrument means that South Africa has formally and legally committed to the TFTA.
Nairobi will from Tuesday host an African Chambers forum to help fast track realisation of the African Continental Free Trade Agreement (AfCFTA) as well as prepare businesses for the block.
South Africa has ratified the Tripartite Free Trade Agreement, becoming the fourth country to do so after Egypt, Uganda and Kenya. 10 more ratifications are now needed for the Agreement to enter into force.
The slow pace at which member states of the Tripartite Free Trade Area Agreement (TFTA) are committing to the bloc, has derailed the enforcement of the treaty and trade in one of Africa’s largest economic zones.
The TFTA seeks to establish an enlarged market involving 27 member countries from the Common Market for Eastern and Southern Africa, the East African Community and Southern African Development Community.
