Somalia
Quick Facts
|
||
| Official Name | Somalia |  |
| Capital | Mogadishu | |
| Location | Eastern Africa, bordering the Gulf of Aden and the Indian Ocean, east of Ethiopia | |
| Area | total: 637,657 sq km land: 627,337 sq km water: 10,320 sq km | |
| Climate | principally desert; northeast monsoon (December to February), moderate temperatures in north and very hot in south; southwest monsoon (May to October), torrid in the north and hot in the south, irregular rainfall, hot and humid periods (tangambili) between monsoons | |
| Terrain | mostly flat to undulating plateau rising to hills in north | |
Trade Agreements
Cotonou Agreement
TuvaluTrinidad And TobagoTonga
Timor LesteTanzania, United Republic Of
Solomon Islands
SamoaSaint Vincent And The GrenadinesSaint LuciaSaint Kitts And Nevis
Papua New GuineaPalauNiue
Nauru
Micronesia (Federated States Of)
Marshall Islands
Kiribati
JamaicaHaitiGuyana
Grenada
Fiji
Dominican RepublicDominica
Cuba
Cook Islands
BelizeBarbadosBahamasAntigua and Barbuda
The Cotonou Agreement is aimed at the reduction and eventual eradication of poverty while contributing to sustainable development and to the gradual integration of ACP countries into the world economy. The revised Cotonou Agreement is also concerned with the fight against impunity and promotion of criminal justice through the International Criminal Court. The agreement also provides for reciprocal trade agreements, meaning that not only the EU provides duty-free access to its markets for ACP exports, but ACP countries also provide duty-free access to their own markets for EU exports.
Greater Arab Free Trade Area (GAFTA)
GAFTA is supervised and run by the Arab Economic Council in the Arab League. GAFTA has a high income, population, and area and has significant resources available. The Greater Arab Free Trade Area was a project adopted in 1997, when 17 Arab League members agreed on decreasing the customs on local production and to make an Arab Free Zone for exports and imports between members.
Trade Organizations
African union
ReunionFormed with the idea in mind to accelerate the process of integrating the continent to enable it to play its role in the global economy, while addressing multifacted social, economic and political problems that are compounded by negative aspects of globalization.
Community of Sahel-Saharan States (CEN-SAD)
CEN-SAD is a Regional Economic community of the Organization of African Unity. The organization looks to implementing a community that comprises of sustained socio-economic development. CEN-SAD looks to free movement of persons, capitals and interests of nationals of members. Right of establishment, ownership and exercise of economic activity. Last, free trade and movement of goods, commodities and services from members.
Intergovernmental Authority on Development (IGAD)
IGAD was formed after severe drought and the purpose of the organization was the development and drought control of the regions. Now IGAD is now also a forum for regional security and political dialogue.