The Common Market for Eastern and Southern Africa (COMESA) said it wants changes to the current intellectual property right system to protect the interests of developing countries. It will accordingly conduct an audit and formulate a negotiating position for COMESA member countries in their negotiations with the European Union for the Economic Partnership Agreements due to start in December 2005.
A comprehensive report on research undertaken by a London-based consultancy firm has revealed tremendous export opportunities for export of Zambian products into selected countries of the Common Market for Eastern and Southern Africa (COMESA) Free Trade Area.
Trade among Common Market for Eastern and Southern Africa (COMESA) member states increased by 15 per cent from US$4.5 billion in 2002 to $5.3 billion in 2003 while trade amongst Free Trade Area (FTA) member states rose from $2.1 billion in 2002 to $2.6 billion in 2003.
The drive for a Comesa Customs Union (CU) has suffered a major setback following sharp differences among member states on the proposed common external tariffs.
Zimbabwe has decided to negotiate its Economic Partnership Agreement (EPA) with the European Union under a new trading bloc known as the Eastern and Southern Africa (ESA) group.