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Achievements of COMESA

27/3/2022

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Achievements of COMESA

It provides its members a wide, harmonized and more competitive market for internal and external trading.
It provides member states with a rational way of exploiting natural resources for their welfare.
COMESA has established harmonized monetary, banking and financial policies in the region.
It has improved the administration of transport and communication to ease movement of goods, services and people.
It has ensured cooperation in the promotion of peace, security and stability among member states in order to enhance economic development in the region.
COMESA has strengthened relations between the Common Market and the rest of the world while ensuring that the members adopt a common position in international fora.
Through the Authority of Heads of State and Government, COMESA directs and controls the affairs of the common market.
Customs cooperation has been achieved through a unified computerized customs network that operates across the region. The harmonization of macro-economic and monetary policies throughout the region has been achieved.
It has provided room for greater industrial productivity and competitiveness due to its large market.
It has encouraged member states to practice good governance, accountability and respect for human rights. Burundi and Rwanda were subjected to these demands before they were admitted to COMESA.
It has contributed to employment of many people in the region.
COMESA has promoted increased agricultural production and exploitation of natural resources.
The organization has ensured a more efficient and reliable transport and communication infrastructure.

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CHALLENGES THAT FACE COMESA IN ITS OPERATIONS

27/3/2022

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Challenges that face COMESA in its operations

Membership to other bodies. Members of COMESA are also members of EAC andSADC. This leads to divided loyalty.
Personality differences. For example, presidents Museveni of Uganda and El Bashirof Sudan were involved in disagreements in 2004 over rebel activities.
Boundary conflicts. This has been witnessed between Ethiopia and Eritrea.
Civil wars. Wars have been witnessed in DRC, Uganda, Sudan, Rwanda and Burundi.Such inevitable wars undermine the operations of the common markets.
Constant quarrels among member states over trading rights. For example Kenya and Egypt quarreled over duty-free cement dumped in Kenya by Egypt, on which Kenya wanted to charge duty.
Poor transport between member states. This hampers movement of goods in theregion.
Pulling out of Tanzania and Namibia. The two founder members have opted for theSouth African Development Cooperation (SADC). This has undermined COMESA.
Some members undermine their neighbours. For example Uganda and Rwanda havebeen accused of participating in the civil wars in the DRC.

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Achievements of COMESA

Achievements of COMESA

CHALLENGES THAT FACE COMESA IN ITS OPERATIONS

Challenges that face COMESA in its operations

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