Accession to the WTO is expected to make a lasting contribution to the process of stabilisation, economic reform and sustainable development in Comoros.
The bilateral deal – signed by EU Ambassador João Aguiar Machado and Comoros’ Minister for Economy, Industry, Investments and Economic integration, Mzé Abdou Mohamed Chanfiou – provides for lower tariffs for goods and for opening up services markets once the Union of Comoros joins the WTO. These commitments will then be embodied in the future Protocol of Accession of the Union of Comoros to the WTO. Comoros applied for membership of the WTO in February 2007 and the first Working Party meeting took place on 2 December 2016. The bilateral deal was signed on the margins of the seventh Working Party on the Accession of the Union of the Comoros to the WTO, taking place in Geneva on 19 May 2022.
The EU is the Comoros' main economic partner, accounting for 43.2% of its exports and 26.2% of its imports in 2021. The total value of EU goods exported to Comoros was €70 million, while imports from Comoros amounted to €7 million. Comoros mainly supplies the EU market with vegetable products, transport equipment, and products of the chemical or allied industries. The main EU exports to Comoros are animal products, machinery and appliances, and transport equipment.
Comoros is part of the Eastern and South Africa (ESA) Economic Partnership Agreement (EPA) with the EU, which was signed in 2017 and ratified by Comoros in 2019. Under the EPA, the EU grants Comoros full duty-free, quota-free access to its Single Market for all originating products, while Comoros committed to progressively lift customs duties on EU products at the latest in 2024.
- Publication date
- 19 May 2022
- Directorate-General for Trade
- Country or region
- ComorosEastern and Southern Africa (ESA)
- Trade topics
- Importing into the EUTrade policy