Boost for regional trade flow as DRC joins Comesa FTA

The flow of goods on the Mombasa-Malaba corridor is set to ease further after the Democratic Republic of Congo (DRC) joined the Comesa free trade area (FTA), signalling intention to eliminate time-consuming customs procedures.

Comesa secretary-general Sindiso Ngwenya said the DRC was committed to a phased tariff reduction scheme, starting with an instant tariff reduction of 40 per cent which would be followed by two equal cuts of 30 per cent.