AFRICAN TRADE BLOCS FREE
Thirteen out of fifteen SADC Member States are part of the Free Trade Area, while Angola and Democratic Republic of Congo remain outside. For Mozambique, the process will only be completed in 2015 in respect of imports from South Africa. While the minimum conditions were met, maximum tariff liberalisation was only attained by January 2012, when the tariff phase down process for sensitive products was completed.įor countries falling under the Southern African Customs Union (SACU), this process was completed in January 2007. The SADC Free Trade Area was achieved in August 2008, when a phased programme of tariff reductions that had commenced in 2001 resulted in the attainment of minimum conditions for the Free Trade Area - 85% of intra-regional trade amongst the partner states attained zero duty. More foreign direct investment and joint ventures.Access to cheaper inputs and consumer goods.The SADC Free Trade Area seeks to meet the following needs of the private sector and other regional stakeholders: The SADC Protocol on Trade (2005), as amended, envisages the establishment of a Free Trade Area in the SADC Region by 2008 and its objectives are to further liberalise intra-regional trade in goods and services ensure efficient production contribute towards the improvement of the climate for domestic, cross-border and foreign investment and enhance economic development, diversification and industrialisation of the region.įreeing trade in the region will create larger market, releasing the potential for trade, economic growth and employment creation. Support towards operationalization of the SADC Regional Agricultural Policy (STOSAR).Continental & Inter-regional Integration.
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