(c) Member States should commence, or intensify, national
consultations and preparation of national negotiating
positions for core Tripartite FTA issues and the movement of
business persons negotiations;
(a) Urged those Members of COMESA who have not yet joined
the Bank to do so; and
(b) Urged Members States who have not fully settled their
obligations under the Bank’s General Capital Increase
Programme to do so in order to strengthen the Bank’s capital
base and enhance its status in the international market.
(d) COMESA should regularly hold meetings on the Tripartite to
consider the implementation of the outcome of the Second
Tripartite Summit and to prepare for the Tripartite Free Trade
Area Negotiations, beginning in the last quarter of 2011; and
(e) The paper on the implementation of Tripartite FTA be
circulated to Member States for their consultations; and
RE – Insurance Company (ZEP-RE)
Decisions
99. Council made the following decisions:
(f) The Secretariat should examine the possibility of holding a
pre-Tripartite meeting before the aforesaid meeting of the
Tripartite Task Force.
(a) On the hosting of the company, the Republic of Zimbabwe
was urged to conclude the approval process and allow ZEPRE to set up an office in Harare as soon as possible, to
enable the Company to underwrite business directly from the
market.
Reports by Member States on COMESA Programmes
Decisions
97. Council made the following decisions:
(b) On business facilitation, Malawi was urged to formally
recognise ZEP-RE as a local reinsurer and allow the
institution to directly underwrite business from local insurers
in line with the Member States’ internal regulations.
(a) Member States that have produced written reports should
transmit them to the Secretariat, which should circulate them
to all Member States; and
(c) Swaziland and Libya were urged to facilitate business
cessions from their respective territories in line with
commitments made in the past.
(b) Member States that have not prepared written reports using
the new format should endeavour to finalise their reports and
transmit them to the Secretariat for circulation. Member
States that wish to be assisted in this regard should contact
the Secretariat.
(d) On capital subscriptions, in line with the undertaking made
th
by the Member States during the 14 Council of Ministers
meeting in 2002, Ethiopia was urged to subscribe for shares
in ZEP-RE.
Reports of COMESA Institutions
(e) Malawi, Libya, Swaziland and Uganda were also urged to
consider purchasing shares in ZEP-RE.
The Eastern and Southern Trade Development (PTA) Bank
Decisions
98. Council made the following decisions:
28