COMESA - US (TIFA)
Agreement between the Government of the United States of America and the Common Market For Eastern And Southern Africa (COMESA) concerning the development of trade and investment relations.
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Zambia: ‘Regional integration vital for growth’
Zambia will continue strengthening its participation in regional economic integration and trade investment platforms because the agenda will promote the country’s industrialisation efforts, a senior Government official has said. Ministry of Commerce, Trade and Industry permanent secretary Kayula Siame also said there is need for continued private sector sensitisation on the eligibility of the over 6,000 products that are supposed to be...
14 October 2016
COMESA states lack strong industries to spur regional trade - Siame
Zambia commerce permanent secretary Kayula Siame says intra-COMESA trade continues to face challenges despite the available instruments designed to improve integration. And COMESA assistant secretary general Dr Kipyego Cheluget says Zambia is among countries that have not exploited the African Growth and Opportunity Act (AGOA). Speaking during the official opening of the 32nd meeting of the trade and customs committee in Lusaka, Siame said...
31 August 2016
COMESA: AGOA-US exports swell to $17 billion
Common Market for Eastern and Southern Africa (COMESA) exports to America under the African Growth Opportunity Act (AGOA) has amounted to US$17 billion. The exports through the COMESA eligible countries amounted to $17.3 billion by November 2015. COMESA secretary general Sindiso Ngwenya said the United States-COMESA Trade and Investments Framework Agreement (TIFA) provides a more in depth copperation which could collaborate for mutally...
08 February 2016
US urges Zambia to diversify
The US government says the recent slump in copper prices serves as a timely reminder for Zambia to diversify its economy. US Ambassador to Zambia Eric Shultz says serious efforts must be taken to shift the economy to agriculture, tourism and power generation. Speaking when he officiated at the eighth US-COMESA consultative trade meeting, Ambassador Shultz also urged member countries to take advantage of the extended AGOA agreement to...
08 February 2016
COMESA reportedly unhappy with poor trade with US
Africa’s main regional trade bloc, the Common Market for Eastern and Southern Africa (COMESA), on Tuesday expressed concerns over its low share of trade with the United States despite the two sides having signed economic development agreements. The COMESA said it was unfortunate that both of its export and import with the U.S. remain low. The value of trade between the two sides was relatively low despite the establishment of the African...
24 February 2015
Zambia: Government, COMESA act to boost AGOA exports
The Government in collaboration with the Common Market for Eastern and Southern Africa (COMESA) has put in place a committee which will look at ways and means of increasing exports to the Africa Growth Opportunity Act (AGOA) market in the United States of America(USA). Commerce Trade and Industry Minister Bob Sichinga said there were a number of issues that needed to be addressed such as the Phytosanitary and sanitary measures. Mr Sichinga...
21 May 2014
East Africa: Technical officials discuss EAC-US trade and investment partnership in Bujumbura
Technical Officials from the East African Community (EAC) and the United States (U.S.) met 12 to 15 February 2014 in Bujumbura, Burundi to discuss Trade Africa and the EAC - U.S. Trade and Investment Partnership (TIP). In particular, the Technical Officials discussed among others, the Ministerial guidance provided in August 2013; AGOA; Regional Investment Treaty; Trade Facilitation; Trade Capacity Building, and Commercial Dialogue. Both...
17 February 2014
East Africa: Kenya pips Tanzania in AGOA Trade
Tanzania's performance in regards to exporting goods under the African Growth and Opportunity Act (AGOA) has not been satisfactory as compared to countries like Kenya, the government announced last week. However in recent years, the trend has improved. AGOA was introduced by the United States government in 2000 to encourage sub-Saharan countries export products to the American market on a duty/quota free basis. Total trade between Tanzania...
29 April 2013
US Trade Ambassador Marantis begins three-country East Africa visit in Burundi
Today, Deputy U.S. Trade Representative Demetrios Marantis began his three country East Africa visit in Burundi where he met with senior government officials and members of the private sector. Ambassador Marantis met with Second Vice President Gervais Rufyikiri, Commerce Minister Victoire Ndikumana, and other officials who were participating in a conference focused on rooting out corruption in Burundi. The officials discussed the Burundian...
15 October 2012
US government increases funding to COMESA
The US government has increased funding to the Common Market for Eastern and Southern Africa (COMESA), Africa's largest trading block, for the 2010/2011 financial year, the Zambia Daily Mail reported on Saturday. President Barack Obama's government has increased the funding from 1.593 million U. S. dollars allocated in the last program to 4 million dollars, according to Daily Mail. COMESA Secretary General Sindiso Ngwenya said on Friday when...
20 November 2010
US urged to invest in Africa
Speaking in Washington DC in the US during the ongoing Agoa 2010 Summit, Comesa Secretary General, Sindiso Ngwenya, and the Alliance for Commodity Trade in Eastern and Southern Africa (ACTESA) CEO, Dr Cris Muyunda, made earnest appeals to US investors to invest in Africa. Ngwenya said Africa has potential to produce enough food for internal needs and international trade. The Comesa region brings together 19 member states including, Burundi,...
07 August 2010