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.
COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981.
Upon the entry into force of this Treaty, hereinafter referred to as "the appointed day" the Preferential Trade Area established on the Thirtieth day of September 1982 by the Treaty for the Establishment of the Preferential Trade Area for Eastern and Southern African States, shall cease to exist.
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.
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.
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.
The Monopolies and Prices Commission requires logistical assistance to prepare regional workshops for trade officials of the countries within the EAC (East African Community), PTA (Preferential Trade Area for Eastern and Southern African States), COMESA (Common Market for Eastern and Southern Africa) and other organizations.
Reference to the Preferential Trade Area in any law or document shall on and after the appointed day be continued as references to the Common Market.
Eastern and Southern African Trade and Development Bank (TDB) was established on 6th November 1985 following the provisions of the 1981 Treaty establishing the Preferential Trade Area (PTA), which has since been transformed into the Common Market for Eastern and Southern Africa (COMESA), as the financial arm of the regional economic integration arrangement.