The negotiation launched is meant to “increase a wider market, increase investment flows, enhance competitiveness and develop cross-regional infrastructure”, read part of the communiqué issued at the end of the meeting.
The FTA negotiations are in line with achieving Africa’s vision of establishing the African Economic Community that seeks to harmonise and coordinate policies and programmes of Regional Economic Communities (REC).
The summit adopted a developmental approach that will see these regions being anchored on market integration, infrastructure development and industrial development meant to boost production capacity of the Tripartite.
The COMESA summit commenced Saturday and spilled on to Sunday afternoon with the Zimbabwe president Robert Mugabe being reported to have been absent most part of the day due to alleged health problems.
The SADC special summit on Zimbabwe meant to deliberate on the roadmap to elections and full implementation of the Global Political Agreement started after the COMESA meeting late Sunday afternoon and a communiqué was expected to be issued at the end of the deliberations later in the evening.