Today's Headlines
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- Country to Review Tourism Law
- Econet Wireless Finally Rolls Out
- Odinga Warns of Civil Unrest
- Mulee Rules Out Harambee Stars U-Turn
- Taking Up a Women's Agenda
- More Than 6,000 Christian Youth Converge for Prayers
- Catholic Church Outraged By MPs' Refusal to Pay Tax
- Pope Benedict Praying for Release of Abducted Nuns
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- Malaria Rates Plummet Among Children
- Winning Against HIV Stigma Behind Bars
- First Congress of Federation of African Journalists a Historic Milestone, Says IFJ
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- Regional Workshop Focus Border Management, Irregular Migration
- Silverbird Acquires Kenya's Nu Metro, Starts Operations in Ghana
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- Man Charged With Abduction of Two Catholic Sisters
- UN Censures State On Torture
- Agencies Seek $390 Million to Offset Climate And Food Risks
- UN-Backed Scheme Gives 3,000 Prisoners Clean Water and Sanitation
- Samosa Festival is On in Nairobi
- Heartstrings in Another Comedy
- Govts, Investors Engage RVR in Rail Bid
- Mwangi Replaces Mwebesa At NSE
- Riepa Hosts Business Association
- ICTR Petitions UN for Arrest of Kabuga
- UBA to Invest SH360 Billion in Kenya
- Free Movement of People Too, Not Just Goods and Capital
- Judges Running Out of Money?
The Nation (Nairobi)
May 16, 2008
News Article By Kaburu Mugambi
The Common Market for Eastern and Southern Africa has said that it is ready to launch a customs union in December. The union will allow the free movement of goods within the region.
The 19-country trading bloc intends to build on benefits that 14 of the countries that have signed up the Comesa Free Trade Area, enjoy. Under the FTA, no tariffs are levied on goods from member states while each country applies its own regime of tariffs on goods imported outside the region.
Under the union, members will also have one tariff for goods coming in from outside the member states.
Comesa secretary general, Mr Erastus Mwencha, on Thursday said that creation of the union will be completed on time as it would be modelled along the East African Customs Union system.
He said Comesa is the largest trading block in Africa with a population of 400 million people.
Vice president, Mr Kalonzo Musyoka, said that heads of States and governments met in Nairobi in May 2007 and agreed that December would be ideal for the launch of the union. "This commitment was further reinforced by the Council of Ministers meeting held in November 2007 in Lusaka, Zambia during which the council agreed on the completion of the preparatory work towards the launch of the customs union," he said. The VP spoke at Comesa Extraordinary Council of Ministers meeting held at Grand Regency Hotel in Nairobi, on Thursday.
Mr Mwencha said that countries, on their own, are too small to attract any meaningful investment in today's globalised economy where mass production is vital to reduce unit costs. "We need to be part of the global economy not as a matter of cosmetics but as a matter of survival," he said.
The council is expected to appoint an interim Comesa secretary general to replace Mr Mwencha whose terms ends next month.


