Ver Angola


Council of Ministers appreciates tripartite free trade zone agreement

The COMESA-EAC-SADC Tripartite Free Trade Area Agreement was, this Thursday, under consideration at the first extraordinary session of the year of the Council of Ministers.


The session took place at the Presidential Palace and was convened to discuss a single point, namely the consideration of the COMESA-EAC-SADC Tripartite Free Trade Area Agreement.

According to a note from the Presidency of the Republic, which VerAngola had access to, the meeting, chaired by the President of the Republic, João Lourenço, assessed, in particular, "the Draft Resolution approving, for ratification by the Republic of Angola, the Agreement establishing the Tripartite Free Trade Area between the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and the Southern African Development Community (SADC)", the document following to the National Assembly for approval.

The agreement, clarifies the note, intends to determine "a legal framework" for the trade of goods and services between the member states, according to the "laws and regulations in force in each one of them". It also has as objectives "the promotion of economic and social development in the region, the creation of a vast common market with free circulation of goods and services, among other purposes", completes the note.

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