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Monday, 27 March 2017

COMESA 53m Euros trade facilitation programme almost complete

The formulation of projects under the COMESA trade facilitation programme to be financed under the 11 European Development Fund has entered the home stretch. This follows the conclusion of a two day regional workshop for member States to validate the identified projects. The programme has an allocation of 53 million Euros out of a total of 85 Million Euros provided by the European Union in support of COMESA regional integration programmes. The overarching goal of the trade facilitation programme is to make trade transactions easier, quicker, more efficient and less costly, thereby enhancing trade flows. The programme will cover among others, customs arrangements, sanitary and phyto-Sanitary (SPS) measures, transport, port management, and security services related to the management of imports and exports. The implementation of the programme was adopted in February this year by the European Union Committee. Subsequently, a study was commissioned to provide more information on the projects that were identified in a consultative process involving COMESA, the Member States and the European Union. The report of the study was presented to the members States delegates to validate which will pave way for the conclusion of the financing agreement between COMESA and the EU in readiness for launching the implementation of the projects from 2018.

Source: www.comesa.int