Specific Undertakings. In order to promote the achievement of the aims and objectives of the Common Market as set out in Article 3 of this Treaty and in accordance with the relevant provisions of this Treaty, the Member States shall: 1. In the field of trade liberalisation and customs co-operation: (a) establish a customs union, abolish all non-tariff barriers to trade among themselves; establish a common external tariff; co-operate in customs procedures and activities; (b) adopt a common customs bond guarantee scheme; (c) simplify and harmonize their trade documents and procedures; (d) establish conditions regulating the re-export of goods from third countries within the Common Market; (e) establish rules of origin with respect to products originating in the Member States; and (f) recognise the unique situation of Lesotho, Namibia and Swaziland within the context of the Common Market and to grant temporary exemptions to Lesotho, Namibia and Swaziland from the full application of specified provisions of this Treaty. 2. In the field of transport and communications: (a) xxxxxx such co-operation among themselves as would facilitate the production of goods and facilitate trade in goods and services and the movement of persons; (b) make regulations for facilitating transit trade within the Common Market; and (c) adopt a Third Party Motor Vehicle Insurance Scheme. 3. In the field of industry and energy: (a) eliminate rigidities in the structures of production and manufacturing so as to provide goods and services that are of high quality and are competitive in the Common Market; (b) provide an appropriate enabling environment for the participation of the private sector in economic development and co-operation within the Common Market; (c) co-operate in the field of industrial development; (d) adopt common standards, measurements systems and quality assurance practices in respect of goods produced and traded within the Common Market; and (e) provide an enabling stable and secure investment climate. 4. In the field of monetary affairs and finance: (a) co-operate in monetary and financial matters and gradually establish convertibility of their currencies and a payments union as a basis for the eventual establishment of a monetary union; (b) harmonise their macro-economic policies; (c) remove obstacles to the free movement of services and capital within the Common Market; and (d) recognise the unique situation of Lesotho, Namibia and Swaziland within the context of the Common Market and to grant temporary exemptions to Lesotho, Namibia and Swaziland from the full application of specified provisions of this Treaty. 5. In the field of agriculture: (a) co-operate in the agricultural development; (b) adopt a common agricultural policy; (c) enhance regional food sufficiency; (d) co-operate in the export of agricultural commodities; (e) co-ordinate their policies regarding the establishment of agro-industries; (f) co-operate in agricultural research and extension; and (g) enhance rural development. 6. In the field of economic and social development: (a) harmonise the methodology of collection, processing and analysis of information required to meet the objectives of the Common Market; (b) harmonise or approximate their laws to the extent required for the proper functioning of the Common Market; (c) promote the accelerated development of the least developed countries and economically depressed areas through the implementation of special programmes and projects in various fields of economic development; (d) adopt a regional policy that will look into all possible economic problems that Member States may face during the implementation of this Treaty and propose ways and means of redressing such problems in a manner that will satisfy the conditions of equitable and balanced development within the Common Market; (e) remove obstacles to the free movement of persons, labour and services, right of establishment for investors and right of residence within the Common Market. (f) promote co-operation in social and cultural affairs between themselves; (g) co-operate in tourism and wildlife development and management; (h) co-operate in the development and management of natural resources, energy and environment; and (i) take, jointly, such other steps as are necessary to further the aims of the Common Market.
Appears in 2 contracts
Samples: Comesa Treaty, Comesa Treaty
Specific Undertakings. In order to promote the achievement of the aims and objectives of the Common Market as set out in Article 3 of this Treaty and in accordance with the relevant provisions of this Treaty, the Member States shall:
1. In the field of trade liberalisation and customs co-operation:
(a) establish a customs union, abolish all non-tariff barriers to trade among themselves; establish a common external tariff; co-operate in customs procedures and activities;
(b) adopt a common customs bond guarantee scheme;
(c) simplify and harmonize their trade documents and procedures;
(d) establish conditions regulating the re-export of goods from third countries within the Common Market;
(e) establish rules of origin with respect to products originating in the Member States; and
(f) recognise the unique situation of Lesotho, Namibia and Swaziland within the context of the Common Market and to grant temporary exemptions to Lesotho, Namibia and Swaziland from the full application of specified provisions of this Treaty.
2. In the field of transport and communications:
(a) xxxxxx such co-operation among themselves as would facilitate the production of goods and facilitate trade in goods and services and the movement of persons;
(b) make regulations for facilitating transit trade within the Common Market; and
(c) adopt a Third Party Motor Vehicle Insurance Scheme.
3. In the field of industry and energy:
(a) eliminate rigidities in the structures of production and manufacturing so as to provide goods and services that are of high quality and are competitive in the Common Market;
(b) provide an appropriate enabling environment for the participation of the private sector in economic development and co-operation within the Common Market;
(c) co-operate in the field of industrial development;
(d) adopt common standards, measurements systems and quality assurance practices in respect of goods produced and traded within the Common Market; and
(e) provide an enabling stable and secure investment climate.
4. In the field of monetary affairs and finance:
(a) co-operate in monetary and financial matters and gradually establish convertibility of their currencies and a payments union as a basis for the eventual establishment of a monetary union;
(b) harmonise their macro-economic policies;
(c) remove obstacles to the free movement of services and capital within the Common Market; and
(d) recognise the unique situation of Lesotho, Namibia and Swaziland within the context of the Common Market and to grant temporary exemptions to Lesotho, Namibia and Swaziland from the full application of specified provisions of this Treaty.
5. In the field of agriculture:
(a) co-operate in the agricultural development;
(b) adopt a common agricultural policy;
(c) enhance regional food sufficiency;
(d) co-operate in the export of agricultural commodities;
(e) co-ordinate their policies regarding the establishment of agro-industries;
(f) co-operate in agricultural research and extension; and
(g) enhance rural development.
6. In the field of economic and social development:
(a) harmonise the methodology of collection, processing and analysis of information required to meet the objectives of the Common Market;
(b) harmonise or approximate their laws to the extent required for the proper functioning of the Common Market;
(c) promote the accelerated development of the least developed countries and economically depressed areas through the implementation of special programmes and projects in various fields of economic development;
(d) adopt a regional policy that will look into all possible economic problems that Member States may face during the implementation of this Treaty and propose ways and means of redressing such problems in a manner that will satisfy the conditions of equitable and balanced development within the Common Market;
(e) remove obstacles to the free movement of persons, labour and services, right of establishment for investors and right of residence within the Common Market.
(f) promote co-operation in social and cultural affairs between themselves;
(g) co-operate in tourism and wildlife development and management;
(h) co-operate in the development and management of natural resources, energy and environment; and
(i) take, jointly, such other steps as are necessary to further the aims of the Common Market.
Appears in 2 contracts
Specific Undertakings. In order to promote the achievement of the aims and objectives of the Common Market as set out in Article 3 of this Treaty and in accordance with the relevant provisions of this Treaty, the Member States shall:
1. In the field of trade liberalisation and customs co-operation:
(a) establish a customs union, abolish all non-tariff barriers to trade among themselves; establish a common external tariff; co-operate in customs procedures and activities;
(b) adopt a common customs bond guarantee scheme;
(c) simplify and harmonize their trade documents and procedures;
(d) establish conditions regulating the re-export of goods from third countries within the Common Market;
(e) establish rules of origin with respect to products originating in the Member States; and
(f) recognise the unique situation of Lesotho, Namibia and Swaziland within the context of the Common Market and to grant temporary exemptions to Lesotho, Namibia and Swaziland from the full application of specified provisions of this Treaty.
2. In the field of transport and communications:
(a) xxxxxx such co-operation among themselves as would facilitate the production of goods and facilitate trade in goods and services and the movement of persons;
(b) make regulations for facilitating transit trade within the Common Market; and
(c) adopt a Third Party Motor Vehicle Insurance Scheme.
3. In the field of industry and energy:
(a) eliminate rigidities in the structures of production and manufacturing so as to provide goods and services that are of high quality and are competitive in the Common Market;
(b) provide an appropriate enabling environment for the participation of the private sector in economic development and co-operation within the Common Market;
(c) co-operate in the field of industrial development;
(d) adopt common standards, measurements systems and quality assurance practices in respect of goods produced and traded within the Common Market; and
(e) provide an enabling stable and secure investment climate.
4. In the field of monetary affairs and finance:
(a) co-operate in monetary and financial matters and gradually establish convertibility of their currencies and a payments union as a basis for the eventual establishment of a monetary union;
(b) harmonise their macro-economic policies;
(c) remove obstacles to the free movement of services and capital within the Common Market; and
(d) recognise the unique situation of Lesotho, Namibia and Swaziland within the context of the Common Market and to grant temporary exemptions to Lesotho, Namibia and Swaziland from the full application of specified provisions of this Treaty.
5. In the field of agriculture:
(a) co-operate in the agricultural development;
(b) adopt a common agricultural policy;
(c) enhance regional food sufficiency;
(d) co-operate in the export of agricultural commodities;
(e) co-ordinate their policies regarding the establishment of agro-industries;
(f) co-operate in agricultural research and extension; and
(g) enhance rural development.
6. In the field of economic and social development:
(a) harmonise the methodology of collection, processing and analysis of information required to meet the objectives of the Common Market;
(b) harmonise or approximate their laws to the extent required for the proper functioning of the Common Market;
(c) promote the accelerated development of the least developed countries and economically depressed areas through the implementation of special programmes and projects in various fields of economic development;
(d) adopt a regional policy that will look into all possible economic problems that Member States may face during the implementation of this Treaty and propose ways and means of redressing such problems in a manner that will satisfy the conditions of equitable and balanced development within the Common Market;
(e) remove obstacles to the free movement of persons, labour and services, right of establishment for investors and right of residence within the Common Market.;
(f) promote co-operation in social and cultural affairs between themselves;
(g) co-operate in tourism and wildlife development and management;
(h) co-operate in the development and management of natural resources, energy and environment; and
(i) take, jointly, such other steps as are necessary to further the aims of the Common Market.
Appears in 1 contract
Samples: Agreement Establishing the Common Market for Eastern and Southern Africa (Comesa)
