Wednesday, May 23, 2007

Africa's biggest trade bloc agrees tax system

(Reuters) - Africa's biggest trade bloc COMESA approved a common external tariff system on Wednesday, clearing a major hurdle for a customs union intended to boost trade in some of the world's poorest nations.

The Common Market for Eastern and Southern Africa (COMESA), which represents 20 countries, also urged member states who have yet to join its free trade area to sign up before the planned launch of the customs union in 2008.


Read more at Reuters Africa

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