Tripartite Free Trade Area
| Year dem found am | 10 June 2015  |
|---|---|
| Dema official website | http://www.comesa-eac-sadc-tripartite.org/ |
De Tripartite Free Trade Area (TFTA) be sam propose African free trade agreement between de Common Market for Eastern den Southern Africa (COMESA), Southern African Development Community (SADC) den East African Community (EAC).[1] De 29 tripartite member/partner countries represent dey 53% of de African Union ein membership, more dan 60% of continental GDP ($1.88 trillion), den a combined population of 800 million.[2]
Negotiations between de three trade blocs first begin insyd June 2011.[1] For June 10, 2015, na dem sign a deal insyd Egypt, wey dey pend ratification by de countries wey dey participate.[3]
Na dem meet de agreement de TFTA enter into force for July 25, 2024, after de requirement of 14 countries wey dey ratify.[2][4] De 14 countries wey now dey trade under de TFTA be Angola, Botswana, Burundi, Egypt, Eswatini, Kenya, Lesotho, Malawi, Namibia, Rwanda, South Africa, Uganda, Zambia den Zimbabwe, wey dey account for 75% of tripartite GDP insyd 2022. Djibouti sanso dey ratify de agreement.[2]
Dem dey intend make de TFTA cam turn part of de African Continental Free Trade Area (AfCFTA), wich na dem kickstart insyd 2015 for de 25th African Union Summit insyd Johannesburg, South Africa wey e for include all 54 African Union states as members of de free trade area.[5]
Partner states
[edit | edit source]| Country | Current Trade Zone(s) |
|---|---|
| Angola | SADC |
| Botswana | SADC |
| Burundi | COMESA & EAC |
| Comoros | COMESA |
| Djibouti | COMESA |
| Democratic Republic of the Congo | COMESA & SADC |
| Egypt | COMESA |
| Eritrea | COMESA |
| Eswatini | COMESA & SADC |
| Ethiopia | COMESA |
| Kenya | COMESA & EAC |
| Lesotho | SADC |
| Libya | COMESA |
| Madagascar | COMESA & SADC |
| Malawi | COMESA & SADC |
| Mauritius | COMESA & SADC |
| Mozambique | SADC |
| Namibia | SADC |
| Rwanda | COMESA & EAC |
| Seychelles | COMESA & SADC |
| Somalia | COMESA & EAC |
| South Africa | SADC |
| South Sudan | EAC |
| Sudan | COMESA |
| Tanzania | SADC & EAC |
| Tunisia | COMESA |
| Uganda | COMESA & EAC |
| Zambia | COMESA & SADC |
| Zimbabwe | COMESA & SADC |
References
[edit | edit source]- ↑ 1.0 1.1 "Tripartite Cooperation | SADC". www.sadc.int. Retrieved 2024-07-24.
- ↑ 2.0 2.1 2.2 "COMESA-EAC-SADC Tripartite Trade Area to come into force 25th July, 2024". www.eac.int. Retrieved 2024-07-24.
- ↑ "Africa creates TFTA - Cape to Cairo free-trade zone". BBC News. Retrieved 10 June 2015.
- ↑ "EAC, Comesa, Sadc merger into seamless market begins Thursday". The East African (in English). 2024-07-22. Retrieved 2024-07-24.
- ↑ Luke, David; Sodipo, Babajide (23 June 2015). "Launch of the Continental Free Trade Area: New prospects for African trade?". International Centre for Trade and Sustainable Development. Retrieved 26 December 2015.
External links
[edit | edit source]- Official website (archived)