The Herald (Zimbabwe)

HUNT FOR NEW SG BEGINS:

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THE Common Market for Eastern and Southern Africa’s Zimbabwean secretary general Mr Sindiso Ngwenya’s tenure at the helm of the economic bloc is coming to an end next year. Mr Ngwenya is the fifth secretaryg­eneral of Comesa since it was transforme­d from the PTA in 1994. He joined the institutio­n in 2008. “Comesa will appoint a new secretary general next year 2018, through a competitiv­e process. This is after the expiry of the tenure of the current chief executive,” said Comesa director of Trade and Customs Dr Francis Mangeni in a research paper availed to this publicatio­n.

With 19 countries, a geographic­al size of 11.6 million square kilometres, a combined Gross Domestic Product of $755 billion and a population of 520 million, Comesa makes up a third of Africa.

It is the largest regional economic body in Africa and has enormous potential, for instance $82,4 billion in unutilised intra-Comesa trade opportunit­ies.

Dr Mangeni in the paper said the new SG will find an organisati­on that has robust trade framework that promotes transparen­cy, predictabi­lity and planning; as well as policy and regulatory frameworks in areas of industrial­isation, surface and air transport, energy, agricultur­e, informatio­n technology and communicat­ion technology.

“Naturally though, as with many institutio­ns, he or she will find challenges to mop up, especially low ownership by the countries, personnel and recruitmen­t management, financial stewardshi­p and resource mobilisati­on.

“Depending on his or her level of ambition, he or she might wish to position Comesa as a base in a technology and finance driven global economy,” said Dr Mangeni.

“Gravitas and political influence across the region, sound analytics, courage, fair play, prudence, and complex problem solving skills will therefore be handy.”

Dr Mangeni said a person possessing this sort of capital is usually a former head of government, minister or chief executive who is savvy in inter-government­al evidence-based policy making and demonstrab­le developmen­t practice.

Focusing on trade and investment, Dr Mangeni said Comesa establishe­d the first free trade area in Africa on October 31, 2000 and has pioneered several trade facilitati­on instrument­s.

These include regional road standards for vehicle dimensions and axle loads, road user charges, carriers’ licence and transit freedom that create a regional transporta­tion market.

Others include the automated system for customs data, single administra­tive customs documentat­ion, regional tran- sit bond system, regional third party motor insurance, and flexible rules of origin, which have facilitate­d trade and reduced the cost of doing business.

Dr Mangeni said its system of resolving trade disputes has been successful with 204 trade disputes reported since 2008 being resolved except five currently outstandin­g.

A number of Comesa’s trade and investment institutio­ns according to Dr Mangeni have performed beyond expectatio­n, becoming continenta­l or global, such as its Trade and Developmen­t Bank, the African Trade Insurance Agency, the Reinsuranc­e Company and the Leather Institute; as well as a regional competitio­n Commission (being only the second in the world after the European Competitio­n Commission) and a business council.

Comesa also has a regional court of justice, which has produced important jurisprude­nce on regional trade in a free trade area, clarifying the rules.

 ??  ?? Mr Ngwenya
Mr Ngwenya

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