The position taken by Namibia with regard to the signing of the Interim Economic Partnership Agreement (EPA) is commendable and should be a guiding principle for further negotiating trade agreements between Africa and the rest of the world.
Negotiations for a new economic partnership agreement (EPA) between SADC members and the European Union appear to have been shelved with no fixed date for resumption of the protracted trade negotiations.
Before mid-year South Africa would host the next summit on the establishment of a Trilateral Free Trade Agreement (T-FTA) among the regional economic groupings of the East African Community (EAC), the Common Market for Eastern and Southern Africa (Comesa), and the Southern African Development Community (SADC).
Negotiations for a tripartite free trade area (FTA), which would include 26 East and Southern African member states, were expected to begin by mid-year, Trade and Industry Minister Rob Davies said on Tuesday.
Implementation challenges and barriers to trade liberalization currently dogging SADC’s Free Trade Area (FTA) will continue to haunt member states in the implementation of an ambitious grand FTA encompassing COMESA, EAC and SADC.
The Southern African Development Community (SADC) has appealed to its members to increase intra-trade in Africa.
Critics want southern Africa to look at Latin America’s Bolivarian Alliance for the Peoples of Our America (ALBA) as an approach to achieving regional economic integration based on fulfilling basic human needs and the services that are required to meet them instead of trade liberalisation with the EU, within the BRICSA group (Brazil, Russia, India, China and now South Africa) or within the region itself.
As the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC) and Southern African Development Community (SADC) continue to integrate their economies, countries are now subscribing to the block’s trading area in order to attract investment.
South Africa is pushing ahead to secure a free trade agreement between the Southern African Development Community (SADC), the East African Community (EAC) and the Common Market for East African States (Comesa).
The SADC Secretariat has achieved little progress in getting Angola and the Democratic Republic of Congo to joining its trade liberalisation process, the Free Trade Area, which has been in existence for nearly three years now.
The Southern African Development Community (SADC) was presenting a more unified front at the Economic Partnership Agreement (EPA) negotiations with the European Union (EU), said Trade and Industry Minister Rob Davies, adding that a final agreement could possibly be reached by mid-2011.
The government has thrown its weight behind the South African sugar industry’s demand for preferential access to European markets. If granted, this would put SA on an equal sugar-trade footing with other sugar producing developing economies — the African-Pacific-Caribbean countries and the world’s least developed countries — for the first time since the industry lost its access under apartheid.
SADC states and the European Union have missed the year-end deadline for the completion and signing of a full Economic Partnership Agreement, a target set in June and designed to bring finality to the complex process.
The European Union must scale back plans to protect its industries if it wants to seal a long-deadlocked trade deal with southern African states, South Africa’s trade minister said Tuesday.
African governments’ ambitious plan for a tripartite free trade area (FTA), stretching from South Africa to Egypt, could be more realistic than getting existing ineffective regional customs unions on the continent to work.
A regional SACU civil society conference has recommended that there is a need for a broader regional agenda anchored on the strength of small economies in the region.
The envisaged grand Free Trade Area (FTA), a grouping of COMESA, EAC and SADC will hold a decisive tripartite summit in January 2011 in South Africa as a major push for coalescence amongst the 26 countries gathers traction.
The private sector has been urged to actively participate in the formulation of policies that will help guide the proposed Free Trade Area of COMESA, East African Community (EAC), and the Southern African Development Community (SADC).
The Southern African People’s Network summit ended with a call from more than 350 grassroots representatives for regional governments to reject the imposition of the Economic Partnership Agreements.
Three regional trading blocs have created a draft agreement which paves the way for the setting up of a $624 billion free trade area.