The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Focus on Industrialization as COMESA Summit opens

31 March 2015

COMESA Heads of States and Governments opened their 18th Meeting in Addis Ababa Monday where Ethiopian Prime Minister H.E. Hailemariam Desalegn assumed the chairmanship of the 19 Member States regional bloc.

Over 10 heads of State and Governments attended the Summit and participated in a roundtable discussion on the theme: “Inclusive and Sustainable Industrialization,” which was led by the United Nations Industrial Development Organization Mr. Li Yong.

In his keynote address, PM Desalegn described sustainable industrialization as a pillar towards sustained economic growth, food security and poverty eradication within the COMESA region.

“Inclusive industrialization calls for cooperation between governments and private sector actors to harness the investments necessary to strengthen the productive and trade capacities of our Member States,” the PM said.

He also addressed the link between industrialization and environmental sustainability which he described as central in any industrialization programme.

“Experience shows that environmentally sound production methods in industry can significantly reduce environmental degradation by increasing resource efficiency in production,”  he said and called on Member States to promote Green industry And the use of clean technologies in production.

Outgoing chair of COMESA, President Joseph Kabila Kabangeof the D R Congo outlined the milestones that the regional bloc had attained during the one year of his leadership. These covered the progress on the COMESA and the Tripartite Free Trade Area, Trade facilitation programmes, agriculture, Food and Nutrition Security and women economic empowerment.

In 2014, intra-COMESA trade rose to US$ 22 billion from US$ 19.2 billion in 2013, which President Kabila attributed to the COMESA Free Trade Area. He said with the participation of his country - DR Congo, Ethiopia and Uganda in the FTA, the intra COMESA trade is expected to rise to US$ 25 billion in the coming year.

Further, he said in 2014, five Central Banks had completed the requirements that are necessary for their respective country importers can channel their payments through the COMESA Clearing House.

Overall, the President described the COMESA States as resilient as despite the slowdown in the growth of the emerging economies, the average gross domestic product growth in Member States was 5.5 percent.However, he observed that “this is still below the seven percent required to make a dent on poverty.”

COMESA Secretary General Sindiso Ngwenya informed the Summit that the potential trade within COMESA US$ 97 billion worth of goods that are produced and traded within the region. This follows an analysis conducted by the Secretariat in 2014.

“The sectors with the highest trade potential are in textiles, wooden furniture, household items, leather products, white and red meat to mention but a few.” The SGnoted adding that the COMESA region required having the supply side capacity.

“The implementation of the COMESA industrial policy should go a long way towards developing the supply side capacity, either through increased utilization of installed industrial capacity or new investments.”

UNCTAD Secretary General Dr MukhisaKituyi underlined the need to ensure sufficient balance in financial the ecological sustainability and other sustainable development goals.

“The 0.7 per cent commitment for financing development must be subject to reality check during the forthcoming conference on financing development,’ added Dr. Kituyi.
Africa Union Chairperson Dlamini- Zuma said Africa’s agenda 2063 should be domesticated in regional and national plans adding that increased application of technology will free time for women who are the majority in the agricultural sector, enhance productivity and attract the youth in farming.

“This is the African Union year of women empowerment. We will not accept anything less than 30 percent representation of women in leadership position,” she added.
The Summit witnessed the swearing-in of the 12 Judges of the COMESA Court of Justice, the COMESA Committee of Elders and the Commissioners of the COMESA Competition Commission.

The COMESA Innovation Awards were presented to the Winners who also got cash awards of between US$8,000 and US$ 10,000 to assist them with patenting their products.

Three journalists, each from Burundi, Uganda and Zambia were also awarded with trophies, certificates and cash in recognition of their contribution to regional integration through their published and broadcast works.

The Summit comes to a close Tuesday 31st March 2015 with the issue of a Communique by the Heads of States and Governments.

African Union Commission

 


 
 
 
 

_________________________________________________
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Pygmy Intervention Project 13 March 2017 The Pygmy community of the Central African Republic became a focal point at a gala dinner recently held in Pretoria at Burgers Park hotel. The gala dinner... <|> France and South Africa cooperation Visit of French Secretary of State for Transport, Oceans and Fisheries: Minister Alain Vidalies 7 – 10 March 2017 During his visit in South Africa between 7... <|> 6th African Film Week in Athens 13 March 2017 The 6th African Film Week taking place in Greece, brings to the big screen charming images from the African Continent: Urban legends, exoticism from... <|> Early warning centre for South Africa and Nigeria 14 March 2017 South Africa and Nigeria have agreed to establish an early warning centre to help mitigate and monitor possible threats and violence... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Abron Band from Iran share peace with music at Tsarogaphoka Primary School by Kgomotso Kgoale 14 March 2017 Kgwebong Consulting, an Organisation Development company that is dedicated to the... <|> Arctic Council at 20: Making a Difference Regionally By Srimal Fernando, Global Editor, The Diplomatic Society  We all know the temperatures are rising in the Arctic twice as fast as the... <|> Marrying of two iconic World Heritage Sites: South Africa’s Robben Island and Mauritius’ Le Morne Cultural Landscape 20 March 2017 Robben Island World Heritage Site (RIWHS) and Le Morne... <|> Freedom Park pays tribute to Sweden 21 March 2017 Human Rights Day is a significant day to South Africans for remembering not only the 69 people, who were killed during the Sharpeville Massacre,... <|> The SADC We Want 19 March 2017 President Jacob Zuma was among the regional leaders who participated in the Southern African Development Community (SADC) Extraordinary Summit of Heads of State and... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.