Overview: In 2018 Zambia was the number 105 economy in the world in terms of GDP (current US$), the number 83 in total exports, the number 108 in total imports, the number 158 economy in terms of GDP per capita (current US$) and the number 103 most complex economy according to the Economic Complexity Index (ECI) Exports: The top exports of Zambia are Raw Copper ($5.42B), Refined Copper … Current Status. Additionally, they are in a position of fostering cooperation in transport and communication among themselves; this facilitates the production of goods and services and movement of people. In addition to the national parks Zambia has beach resorts on Lake Tanganyika at Kasaba, Nkamba and Ndole bays, and Lake Kariba, a man-made lake. Many members apply reductions worth 100 percent. Website: http://www.zam.co.zm, Zambia Development Agency To the north it is bordered by the Democratic Republic of Congo and the United Republic of Tanzania, to the west by Angola, to the south west by Namibia, to the east by Malawi and Mozambique, … Address: Financial Services Lane No. Consequently, the countries have the benefit of cooperating in agricultural research and extension, enhancing rural development and export of agricultural commodities. A multi-market model with Armington non-linear specification was applied. At the end of 1999, four multilateral economic co -operation schemes were operating in Southern Africa: SADC, COMESA, SACU (Southern African Customs Union) and the CBI (Cross Bor der Initiative). The Common Market for Eastern and Southern Africa (COMESA) is a free trade area with twenty-one member states stretching from Tunisia to Eswatini.COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Address Privatization House The warm wet season is from November to April and the cool dry season runs from May to August when temperatures range from 16 to 27 °C. The maximum possible gains from free trade for Zambia are 2.8% of gross domestic product annually while the completion of COMESA and SADC free trade areas provides economy-wide benefits of 1.2% and 1.0% of GDP respectively. Tel: +260 211 229087/90 Zambia’s manufacturing sector’s has continued to show signs of growth in recent years. The states enjoy custom exemptions on all imports of products originating in member countries with value additions amounting to 45 percent. As expected, the model shows that Zambia benefits the most from world trade liberalization. There are seven main vernacular languages: Nyanja, Bemba, Tonga, Lozi, Luvale, Lunda and Kaonde, with more than 70 dialects spoken across the country. COMESA states have the benefit of making regulations to facilitate movement of goods and services within the region and adopting a Third Party Vehicle Insurance Scheme. Additionally, they are in a position of fostering cooperation in transport and communication among themselves; this facilitates the production of goods and services and movement of people. One of the main benefits of COMESA and SADC WTO-related activities has been the engagement process they have generated. Zambia is richly endowed with various minerals such as copper, cobalt, gold and various precious stones including amethyst, blue stones, emeralds, etc. The successful applicants will also be required to undertake significant duty travel to COMESA Member States, the African Union, other Regional Economic Communities and any others identified in the line of duty. The documentary here accessible, briefly showcases the E-mail:  info@zda.org.zm ... Womba Mumbuluma, a small scale border trader at COMESA Market, Lusaka, Zambia … A brief discussion of SACU and the CBI will follow. Mining and quarrying account for a large proportion of Zambia’s merchandise exports and have traditionally contributed the largest proportion of the country’s total Gross Domestic Product (GDP). The President is the Head of State. Address: Opposite the main arena next to the Show Society Because of COMESA agreements, today Seychelles is exporting its tuna to Egypt and they are buying it duty free says Hon. E-mail:  info@zam.co.zm 9th Floor Government ComplexLusaka, Zambia, Zambia Chamber of Commerce and Industry Tel: +260-211- 253020|252483 Through the first decade of the 21st century, the economy of Zambia was one of the fastest growing economies in Africa and its capital, Lusaka the fastest growing city in the Southern African Development Community (SADC). They have agreed to promote integration via trade and to develop human and natural resources for the advantage of their citizens. Benefits of the membership are realised at a political, an economic and developmental level. Fax: +260-211-225270 Egypt has joined to COMESA since May 1998 in order to promote its economic relations with the rest of member states, especially the trade relations, so the aim of the paper is to assess COMESA regional integration efforts and to identify the most effective and important variables that determine trade intensity of Egypt with COMESA countries. Furthermore, the states have the benefit of free movement of labor, services, persons, attraction of investors and the right of residence within the COMESA region. Compared with other regional economic communities in Africa, the share of intra-SADC trade at 11% of the region’s total trade is relatively high. Also, the states have the benefit of recognizing the unique situation of countries like Namibia, Swaziland and Lesotho within the context of the Common Market and give temporary exemptions, as opposed to full application of specified provision in Article 3 of the COMESA treaty. Nine of the member states formed a free trade area in 2000 (Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe), … The Common Market for Eastern and Southern Africa (COMESA) is the largest regional economic organization in Africa, with 19 member states and a population of about 390 million. Nine of the member states formed a free trade area in 2000 (Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe), … Website: http://www.zambiachamber.org, Zambia Association of Manufacturers Rwanda to benefit from COMESA funds Rwanda will be compensated by the COMESA Compensation Fund, for the revenue loss to be incurred when it joins the East African Community (EAC) Customs Union next month. and SADC and COMESA (dual) are third and fourth largest export markets for Zambia, respectively. Danny Faure, Seychelles’ Vice President. In the field of agriculture, the member states can easily cooperate in agricultural development and adopt a common agricultural policy in addition to enhancing a food sufficient region. The member states are Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and Zimbabwe. Website: http://www.zambiatourism.com, Copyright © 2021 Common Market for Eastern and Southern Africa (COMESA) Secretariat. Zambia x x x x x Zimbabwe x x x x x Source: Mayer and Thomas (1997: 330). Zambia recently became a signatory to the COMESA-East African Community (EAC)- SADC Tripartite Free Trade Area (TFTA) Agreement on 17THJune, 2016. The Common Market for Eastern and Southern Africa (COMESA) is a regional economic integration grouping of African states. COMESA has a free trade area, with 19 member states, and launched a customs union in 2009. Zambia’s population is approximately 13,459,000 (latest census) and most of the people are African, with small Asian and European minorities. COMESA represents a chance for member countries to enhance their economic and social relations through increasing intra-trade. It is a grand move to merge existing regional organization into a single African Economic Community.The Tripartite Free Trade Area (TFTA) includes the 26 countries that are members of the Common Market … Overlapping memberships have led However, it did have a significant effect on investment. The most stunning geographical feature is the Victoria Falls, on the southern border with Zimbabwe, and is one of the natural wonders of the world. According to the Article 46 of the treaty, member states have the advantage of enjoying non-tariff goods and services within the Common Market. United Republic of Tanzania, Zambia and Zimbabwe. All rights reserved, Agriculture, Industry & Private Sector Development. Dominic Liche, a lecturer in the School of Humanities and Social Sciences at the University of Zambia, says both the Common Market for Eastern and Southern Africa (COMESA) and the Southern Africa Development Community (SADC) have good trade regimes that are of benefit to Zambia. A10, Showgrounds, Lusaka COMESA member states benefit from cooperation in the field of industrial development because the treaty provides stable investment opportunities. Through COMESA STR, the COMESA regional bloc encourages “free trade” by extending the benefits of a free trade area between countries by abolishing duty on all goods produced locally and sold in members of these regional groupings. Livingstone is another main centre, the former capital of Zambia, located eight kilometres from Victoria Falls. COMESA is now comprised of 21 African Member States, being Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Somalia, Sudan, Swaziland (Eswatini), Tunisia, Uganda, Zambia and Zimbabwe. COMESA states have the benefit of making regulations to facilitate movement of goods and services within the region and adopting a Third Party Vehicle Insurance Scheme. Tel: +260-211-220177 | +260-211-222858 Website: http://www.zda.org.zm, Zambia Development Agency zambian government outlines benefitts for zambia belonging to both sadc and comesa GOVERNMENT HAS OUTLINED A NUMBER BENEFITS WHICH THE COUNTRY IS GETTING FROM BEING A MEMBER OF THE COMMON MARKET FOR EAST AND SOUTHERN AFRICA (COMESA) AND THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY (SADC) BY STATING THAT THE TWO REGION BLOCKS HAVE OPENED MARKETS FOR ZAMBIAN … This plateau is a mix of woodland and savannah regions interspersed with lakes, rivers, hills, swamps and lush plains. Some members have eliminated or reduced their tariff barriers between the member countries as early as 2000. The Common Market for Eastern and Southern Africa (COMESA) is a free trade area with twenty-one member states stretching from Tunisia to Eswatini.COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. The tourism sector has consistently demonstrated growth due to a rich natural heritage, including great waterfalls, rivers, lakes, and a wealth of wildlife roaming in its vast sanctuaries. In addition, member states can simplify and harmonize their trade agreements and procedures. Malawi to benefit from K1 billion UK trade, Covid-19 support for southern Africa. Zambia has 19 national parks, and 34 game management areas, some of the highlights are Luangwa and Kafue National Parks, Lower Zambezi National Park, Victoria Falls, Mosi-Oa-Tunya National Park and Lochinvar National Park. The COMESA Yellow Card Scheme is currently operational in twelve COMESA Member Countries and one non COMESA member Country. Efforts to rationalise markets and best practice throughout the region can only enhance the current level of effectiveness of the organisation. E-mail:  info@zda.org.zm The COMESA agreement aims to gradually lift tariff and non-tariff barriers on goods between members, but only for goods made locally by member states. A transitional period of three years was provided for during which time the Member States would align their national tariffs with the COMESA CET. Copyright 2021 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Zambia is currently a member of the Common Market For Eastern And Southern Africa (COMESA) and the Southern Africa Development Community (SADC). “Economic Integration and Development in Africa”; Henry Kyambalesa, et al. Commercial fish production is approximately 70,000 tonnes per year. INTRODUCTION Zambia is currently a member of the Common Market For Eastern And Southern Africa (COMESA) and the Southern Africa Development Community (SADC). Zambia’s manufactured export products include engineering products, textiles, building materials, processed foods, animal products, and leather products. In both Mauritius and Zambia support from COMESA and SADC has been useful, though limited. COMESA promotes member cooperation in financial and monetary matters and establishes convertibility of their currencies through the Common Monetary Union. Lusaka is the capital city and is believed to be the fastest growing city in Central Africa. 1.0 Introduction The 20th meeting of the COMESA Committee of Central Bank Governors held in Kinshasa, Congo (DR) from 26th to 27th November 2014 considered a study on “Empirical Assessment of the effectiveness of monetary policy in COMESA member countries”. The objective of this paper is to assess the role of COMESA in promoting intra-regional agricultural trade between Sudan and COMESA countries. Tel: +260 211 253696 Progress in COMESA has been limited by country-level implementation problems while SADC has been hampered by complicated and restrictive rules of origin. Southern Africa (COMESA) and the Southern African Development Community (SADC) are implementing a free trade area and have plans to form customs unions. David holds a Master of Arts in international journalism from the University of Westminster, UK. They will have access to international arbitration and their investments will be guaranteed against expropriation and nationalization. Benefits of COMESA Customs Union to the region The COMESA Customs Union was launched by the Heads of State and Government on 7 June 2009 in Victoria Falls , Zimbabwe . Zambia is a developing country and has achieved middle-income status in 2011. Box 30819, Lusaka, Zambia Zambia is also integrated within two free trade areas, the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA), which holds trade benefits between member countries. Member states have the advantage of providing high quality goods and services in the Common Market because COMESA treaty recommends elimination of rigidities in manufacturing and production. Zambia sits on a gently undulating plateau, which is between 900 and 1,500 metres above sea level. Thanks to the dedication and hard work of the National Organization Committee of the AGOA Forum in Togo, led by Mrs. Dede Ahoéfa Ekoue, the Lomé edition of the event was a great success. Benefits of the membership are realised at a political, an economic and developmental level. Zambia is also integrated within two free trade areas, the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA), which holds trade benefits between member countries. E-mail: marketing@zambia.travel The Countries in which the COMESA Yellow Card is recognized as a valid insurance cover are; Burundi, Democratic Republic of Congo, Djibouti, Eritrea, Ethiopia, Kenya, Malawi, Rwanda, Sudan, Tanzania, Uganda, Zambia and Zimbabwe. His articles have been featured in the UNICEF (Sierra Leone) and BBC online publications. COMESA: Introduction The Common Market for Eastern and Southern Africa (COMESA) is a free trade area that encompasses 19 countries stretching from Libya to Zimbabwe. Furthermore, member countries are in a position to establish conditions regulating the flow of goods from third party countries within the Common Market. Botswana is not a member of COMESA and therefore can not make any direct comparison. Zambia x x x x x Zimbabwe x x x x x Source: Mayer and Thomas (1997: 330). To the north it is bordered by the Democratic Republic of Congo and the United Republic of Tanzania, to the west by Angola, to the south west by Namibia, to the east by Malawi and Mozambique, … Website: http://www.zda.org.zm, Zambia Tourism Agency Zambia recently became a signatory to the COMESA-East African Community (EAC)- SADC Tripartite … It is South Africa that refused to be a member of COMESA. The 16th edition of AGOA Forum sought to explore how countries can continue to maximise the benefits AGOA provides. Fax: +260 211 225174 As expected, the model shows that Zambia benefits the most from world trade liberalization. Fax: +260-211-253020 Dominic Liche, a lecturer in the School of Humanities and Social Sciences at the University of Zambia, says both the Common Market for Eastern and Southern Africa (COMESA) and the Southern Africa Development Community (SADC) have good trade regimes that are of benefit to Zambia. English is the official language and is widely spoken throughout the country. Zambia is an entirely landlocked country covering an area of 752,612 km². COMESA places the member states at an advantage of adopting a common custom scheme that abolishes non-tariff barriers to trade between themselves. Overlapping memberships have led The duty Station will be at the COMESA Secretariat headquarters in Lusaka, Zambia. On the other hand, the findings of the analysis of COMESA programmes being implemented in Zambia revealed that Zambia largely benefits from COMESA, citing among others the infrastructure development of four of the five border posts shared by Zambia and its neighbours. U.S.-ZAMBIA RELATIONS The United States established diplomatic relations with Zambia in 1964, following its independence from the United Kingdom. Progress in COMESA has been limited by country-level implementation problems while SADC has been hampered by complicated and restrictive rules of origin. IMPLICATIONS – BENEFITS •1.WIDER MARKET - Economies of scale - Product diversity - Sectorial growth and employment creation SADC (excl.) At the end of 1999, four multilateral economic co -operation schemes were operating in Southern Africa: SADC, COMESA, SACU (Southern African Customs Union) and the CBI (Cross Bor der Initiative). Fax: +260-211-225270 | These are Mauritius, Madagascar, Zimbabwe, Egypt, Malawi, Rwanda, Burundi, Kenya, Djibouti, Zambia, Comoros and Libya. David Shoo has professionally been writing since 2005. Tel: +260-211-220177 | +260-211-222858 Zambia has three distinct seasons, the hot, dry season runs from September to October when temperatures range from 27 to 32 °C. More information about Zambia is available on the Zambia Page and from other Department of State publications and other sources listed at the end of this fact sheet. – March 2016 benefit of Zambian children country covering an area of 752,612 km² according to the Article of! 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