Preferential Trade Area definition
Examples of Preferential Trade Area in a sentence
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.
Until Rules of Procedure and Terms of Reference of the Authority, the Council and all subordinate Organs other than the Court of the Common Market are made under the provisions of this Treaty, the Rules of Procedure and Terms of Reference of the Authority, the Council of Ministers and subordinate Organs of the Preferential Trade Area other than the PTA Tribunal shall continue to apply.
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 COMESA Treaty was signed in 1994 as a successor for the former Preferential Trade Area (PTA).
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.
Any proceedings by or against the Preferential Trade Area pending on the appointed day, shall be continued by or against the Common Market.
In April ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ implemented a Trade Finance Programme with the African Development Bank, with a particular focus on developing a refinancing or liquidity facility for regional and sub- regional institutions such as Afreximbank, the Preferential Trade Area Bank (the ‘‘PTA Bank’’) and others.
These levels include a Preferential Trade Area (PTA); Free Trade Area (FTA); Customs Union (CU); Common Market (CM), and economic union (Balassa, 1961, p.
STATISTICS/FACTS ABOUT THE TRADING AREA The history of COMESA began in December 1994 when it was formed to replace the former Preferential Trade Area (PTA) which had existed from the earlier days of 1981.
The seven South Asian economies belatedly signed an agreement in 1993 to form the South Asian Preferential Trade Area (SAPTA) by December 1995.