Preferential Trade Area definition

Preferential Trade Area means the Preferential Trade Area for Eastern and Southern African States (hereinafter referred to as PTA) established by Article 1 of the Treaty for the Establishment of the Preferential Trade Area for Eastern and Southern African States;
Preferential Trade Area means the Preferential Trade Area for Eastern and Southern African States established by Article 1 of the PTA Treaty;

Examples of Preferential Trade Area in a sentence

  • One of the six objectives of COMESA as enshrined in the COMESA Treaty is to contribute towards the establishment of the African Economic Treaty.2COMESA was initially established in 1981 as the Preferential Trade Area (here- after, PTA) for Eastern and Southern Africa, within the framework of the Organisation of African Unity’s Lagos Plan of Action and the Final Act of Lagos.

  • The Eastern and Southern African Trade and Development Bank (TDB) was established on 6 November 1985 following the provisions of the Treaty of 1981 establishing the Preferential Trade Area (PTA), which has since been transformed into the Common Market for Eastern and Southern African States (COMESA), as part of the regional economic integration arrangement.

  • For instance, in the tourism sector, most of the countries have put not limitations to market access under consumption abroad.61 The SADC region has been trading a Preferential Trade Area (PTA) since its inception in 1980.

  • Any proceedings by or against the Preferential Trade Area pending on the appointed day, shall be continued by or against the Common Market.

  • COMESA: created in 1994 (Preferential Trade Area, 1981)Member states: Comoros, DRC, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and Zimbabwe25Art.

  • The Preferential Trade Area for Eastern and Southern African States (PTA) was formed in 1981 and superseded by the Common Mar- ket for Eastern and Southern Africa (COMESA) in 1993.

  • It was established in 1994 to replace the Preferential Trade Area for Eastern and Southern Africa (PTA) which was in force until 1981.

  • Under the terms of the South Asian Preferential Trade Area (SAPTA) Agreement (signed on 11 April 1993 and implemented from 7 December 1995), Maldives enjoys preferential access to six regional markets on selected products.15 In return, Maldives provides similar access to regional producers to its market.

  • The COMESA developed from the “Lusaka Declaration of Intent and Commitment to the Establishment of a Preferential Trade Area for Eastern and Southern Africa” (PTA) which came into force in 1982.

  • On the appointed day there shall be transferred to and vested in the Common Market by virtue of this Article and without further assurance, all the assets and liabilities of the Preferential Trade Area and from that day, the Common Market shall, in respect of the assets and liabilities so transferred and vested, have all the rights, and be subject to all the liabilities, which the Preferential Trade Area had, or is subject to, immediately before that day.

Related to Preferential Trade Area

  • preferential tariff treatment means the rate of customs duties applicable to an originating good of the exporting Party in accordance with paragraph 1 of Article 16; and

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  • Public garage means a building or other place where vehicles or vessels are kept and stored and where a charge is made for the storage and keeping of vehicles and vessels.

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  • Official traffic-control devices means all signs, signals, markings, and devices not inconsistent with this chapter placed or erected by authority of a public body or official having jurisdiction, for the purpose of regulating, warning, or guiding traffic.

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  • Public Procurement means the acquisition by any means of goods, works or services by the government;

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  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

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  • Restricted use pesticide means any pesticide or device which, when used as directed or in accordance with a widespread and commonly recognized practice, the director determines, subsequent to a hearing, requires additional restrictions for that use to prevent unreasonable adverse effects on the environment including people, lands, beneficial insects, animals, crops, and wildlife, other than pests.

  • Elevator mechanic means any person who possesses an elevator

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  • Persistent vegetative state means a condition caused by injury, disease or illness in which a patient

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  • Violent student means a student under the age of 21 who: