The Third Tripartite Summit of Heads of State and Government from Member States in the three Regional Communities of COMESA, pharm http://ccalliance.org/wp-admin/includes/class-bulk-theme-upgrader-skin.php EAC and SADC signed the Sharm El Sheikh Declaration Launching the COMESA-EAC-SADC Tripartite Free Trade Area and the Agreement establishing the COMESA-EAC-SADC Tripartite FTA.
Uganda was among the fifteen Member States that signed the Agreement that will enter into force 30 days after 14 of the Member States that have signed the Agreement ratify it and deposit the ratification instruments with the Tripartite Task Force.
The Free Trade area represents an integrated market of 26 countries with a combined population of 632 million people which is 57% of Africa’s population providing a total Gross Domestic Product (GDP) of USD$ 1.3 Trillion and contributes 58% of Africa’s GDP.
According to Amelia Kyambadde, what is ed http://conversionxl.com/wp-content/plugins/jetpack/3rd-party/woocommerce.php the Minister of Trade, thumb http://creativecommons.org/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-get-term-endpoint.php Industry and Cooperatives, If the Member States of the Tripartite were to be considered as one Country they would rank 13th in the world in terms of the GDP. “This is a large area that provides expanded trade opportunities to Uganda’s Private Sector.
Kyambadde says in order for Uganda to benefit from the opportunities that this Tripartite arrangement, the country must Address the supply side constraints by increasing production and productivity, Address the infrastructure bottlenecks that make the cost of doing business high and hinder our competitiveness as well as improve on the quality and standards of our goods and services.
According to Kyambadde, the Tripartite Free Trade Area is a unique and ambitious free trade area in that it covers aspects which are not in conventional free trade areas.
“Ordinarily free trade areas are about trade liberalization through the removal of tariffs and charges of equivalent effect. In the case of the Tripartite Free Trade Area there are three pillars; namely, market integration, cooperation in industrialization and infrastructure development and the movement of business persons.” she added
Some of the benefits of the of the tripartite FTA are free movement of business persons which will enable the nationals of the Tripartite Member States to cross borders and conduct trade in goods and services.The Tripartite region will also provide the potential for tourism and movement of professionals across the borders in the region after the conclusion of the negotiation of trade in services in phase II of the negotiations.
The launch of the Tripartite Free Trade Area is a step towards the African Economic Community as envisaged by the AEC Treaty (more popularly known as the Abuja Treaty) which provided for the African Economic Community to be set up through a gradual process, which would be achieved by coordination, harmonization and progressive integration of the activities of existing and future regional economic communities (RECs) in Africa.
The Tripartite FTA is a building block towards the Continental Free Trade Area (CFTA). It is important to note that negotiations for the CFTA were launched on 14th June, 2015 during the recently concluded 25th African Union Summit in Sandton, South Africa.
Kyambadde says in order for Uganda to benefit from the opportunities that this Tripartite arrangement, Uganda must Address the supply side constraints by increasing production and productivity,Address the infrastructure bottlenecks that make the cost of doing business high and hinder our competitiveness as well as improve on the quality and standards of our goods and services.
She Cranes succumbed to a second loss in the ongoing 2015 Diamond netball challenge falling to hosts South Africa by 56-39.
The SPAR Proteas set an incredibly fast pace against a very physical and dominating She Cranes side.
The hosts set their targets right from the onset winning the first quarter by fifteen baskets while She Cranes could only manage six thanks to great performance by Proteas goal keeper, web http://cenariospizza.com/wp-includes/rss-functions.php Phumza Maweni.
The resilient visitors returned on high spirit with skipper Peace Proscovia and Rachael Nanyonga offering better attacking options scoring 12 baskets against the same number from the host going into the mandatory halftime break with a 27-18 score line.
South Africa replicated their first quarter performance in the last two quarters winning 42-28 in the third and final score 56-39.
Uganda Lineup: Peace Proscovia, Nanyonga Rachael , Achan Jesca, Nakachwa Halima, Nanyonga Florence, Ajio Lillian, Namukasa Betty
*Subs: Soigi Martha, Apako Harriet,Oyella Stella, Nakabuye Hadijah, Atino Susan.
Coach: Fred Mugerwa
Tuesday16th June Results:
18:00: Zambia 38-63 S.Africa
[Q1: (10-14 ), Q2: (16-33), Q3: (26-48)]
19:45: Malawi 51-40 Uganda
[Q1:(15-11), Q2: (30-18), Q3: (40-30)]
18:00: Malawi 33-43 S. Africa
[Q1: (9-13), Q2: (16-22), Q3: (24-33) ]
19:45: Zambia 36-59 Uganda
[Q1: (8:14), Q2: (20:27), Q3: (29:45)]
18:00: Malawi 60-34 Zambia
[Q1: (15-8), Q2: (27-18), Q3: (46-24)]
19:45: South Africa 56-39 Uganda
[Q1: (15-6), Q2: (27-18), Q3: (42-28)]
18:00: Finals Log 3rd Position vs.
Log 4th Position
19:45: Finals Log 1st Position vs.
Log 2nd Position