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Tunisia to join COMESA, a market that will weigh $ 6,000 Billion!

Summary: Tunisia would join the Common Market for Eastern and Southern Africa (COMESA) in October," said Secretary-General Sindiso Ndema Ngwenya following a meeting Sunday with Premier Youssef Chahed in Dar Dhiafa,

Tunisia would join the Common Market for Eastern and Southern Africa (COMESA) in October," said Secretary-General Sindiso Ndema Ngwenya following a meeting Sunday with Premier Youssef Chahed in Dar Dhiafa, Carthage.

The official, currently in Tunisia as membership talks are set to start, said trade exceeded $4.5 tr and is expected to hover around $6 tr to $7 tr in the coming years, well beyond the $3 tr figure put forward for 2025 by the McKinsey Global Institute.

The 19-member market is open to more African countries, Sindiso Ndema Ngwenya further said. Talks with Algeria are underway on the way to achieving African complementarity.

Tunisia's COMESA membership bid was approved in October 2016 at the 19th Heads of State and Government Summit as it meets the criteria of neighborhood given its border with Libya, a member since 2006.

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Publication:African Manager
Geographic Code:6TUNI
Date:Mar 6, 2017
Words:184
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