- Negotiations
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
photo: Tahrir Institute
3-Feb-2014
Bloomberg
Twenty-six eastern and southern African nations are making progress toward agreeing on a free trade area that will create a market with nearly 600 million people and combined gross domestic product of $1 trillion, South African President Jacob Zuma said.
17-Jan-2014
Southern Times
Three regional economic communities in Africa — COMESA, EAC and SADC — are expected to sign an agreement this year to establish an enlarged market covering 26 countries in eastern and southern Africa.
27-Aug-2013
Business Day
Negotiations between three trade blocs in Africa to create a free trade area were running behind schedule in terms of reaching their 2014 deadline but were nevertheless progressing, South Africa Trade and Industry Minister Rob Davies said last week.
12-Mar-2013
Tax News
The Government of Zambia has called on the three African regional economic communities (RECs) — the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC) — to speed up their free trade agreement (FTA) negotiations.
21-Nov-2012
Economic experts have supported the recent decision taken by the government of Uganda to join the COMESA FTA, saying it would increase the volume of Ugandan exports to the COMESA FTA and promote the country’s economic growth.
23-Oct-2012
Daily News
The President of the African Organization for Standardization maintains that SADC, ECOWAS and EAC will continue to exist alongside the new African Free Trade Area.
29-Sep-2012
Three regional economic communities (Recs) have taken the lead as Africa seeks to remove trade barriers by 2017.
29-May-2012
Plans to create an African free trade area (FTA) by integrating three existing African trade blocs consisting of 26 countries by July 2014 are gaining momentum. The aim is to create a free market of 525 million people with an output of US$1 trillion making it a global player.
21-May-2012
Plans to create a 26-nation free trade area by integrating three existing African trade blocs by July 2014 are on track and the only major sticking point is likely to be harmonising rules of origin, the three blocs said on Friday.
20-Nov-2011
First round of negotiations to establish the $1 trillion Tripartite Free Trade Area (FTA) covering 27 countries in eastern and southern Africa are scheduled to start next month, the head of the taskforce spearheading the process has said.