Africa moved one step closer to full economic integration in October when representatives from three regional trade blocs, including six Heads of State, agreed at a summit hosted by Ugandan President Yoweri Museveni in Kampala, to form a new cross-regional free trade bloc and customs union. The new bloc, to be comprised of the 26 member nations of the Common Market of Southern and Eastern Africa (COMESA), the East African Community (EAC) and the Southern African Development Community (SADC), will create the largest free trade area on the African continent with a market of over 527 million people and a combined GDP of $624 billion.


