What Type of Agreement Is Sadc

Improved trade opportunities for goods: The EPA ensures duty-free and quota-free access to the EU market for Botswana, Lesotho, Mozambique, Namibia and Eswatini. South Africa enjoys new market access compared to the EU-South Agreement on Trade, Development and Cooperation (TDCA), which currently regulates trade relations with the EU until October 2016 (when the EPA entered into provisional application, thus removing the trade component of the TDCA). The new access includes better trading conditions, particularly in agriculture and fisheries, including for wine, sugar, fishery products, flowers and canned fruit. The EU will have significant new market access to the Southern African Customs Union (products such as wheat, barley, cheese, meat and butter) and will benefit from the security of a bilateral agreement with Mozambique, one of the least developed countries in the region. The agreement was the first regional EPA in Africa to be fully operational after Mozambique started implementing the EPO in February 2018. On 10 June 2016, the EU signed an Economic Partnership Agreement (EPA) with the SADC EPA Group, which includes Botswana, Lesotho, Mozambique, Namibia, Eswatini (formerly Swaziland) south africa. Angola has the opportunity to accede to the agreement in the future. The Southern African Development Community (SADC) Protocol on Trade (1996), as amended in 2010, is one of the main legal instruments for SADC`s trade work. It is an agreement between SADC member States to reduce tariffs and other barriers to trade in imported products between SADC member States. The protocol provided for the establishment of a free trade area in the region. The regional indicative strategic development plan aimed to achieve the SADC free trade area by 2008 and a customs union by 2010. Development-oriented: The EPA grants asymmetric access to SADC EPA Group partners.

They can protect sensitive products from full liberalisation and safeguard measures can be taken if imports from the EU increase too rapidly. A detailed chapter on development identifies trade-related areas that are eligible for financing. The agreement also includes a chapter on sustainable development covering social and environmental issues. Find out how the Interim Economic Partnership Agreement benefits southern African Development Community EPA exporters: Southern African Development Community Treaty and Protocols concluded pursuant to Article 22 of the Treaty (SADC Treaty and Protocols) TBT Annex to the SADC Trade Protocol – Approved version – 17 July 2014 – German The SADC Protocol on Trade (2005), as amended, envisages the establishment of a free trade area in the SADC region by 2008, the objectives of which are to further liberalize intraregional trade in goods and services; ensure efficient production; contribute to the improvement of the climate for domestic, cross-border and foreign investment; and promoting the economic development, diversification and industrialization of the region. Describes the conditions for modifying a protocol. Although the minimum conditions were met, maximum tariff liberalization was only achieved in January 2012, when the process of gradual reduction of tariffs for sensitive goods was completed. Preliminary remarks on the list of conditions for the working and processing of non-originating materials corresponding to originating status A free trade area in which Member States agree to abolish customs duties between themselves but are free to levy their own external duties on third countries promotes economic cooperation between Member States. A customs union adds a common external tariff to non-SADC countries, with all members of the union receiving shares of that tariff. Since 2000, when implementation of the SADC Trade Protocol began, intra-SADC trade has more than doubled, with intra-SADC trade increasing from about $13.2 billion in 2000 to about $34 billion in 2009, an increase of about 155 per cent.

The two sides meet regularly to discuss the implementation of the EPA. For more information, see: Relative to total SADC trade, intra-SADC trade increased from only 15.7% to 18.5% over the same period. Unless otherwise specified, the term “EU” means, for all specified years, the current European Union of 27 Member States. Although Tanzania has met its tariff obligations, the government has requested a waiver to impose a 25% import duty on sugar and paper products by 2015 to allow the industry to take adjustment measures. Member States agreed on the need to take measures to ensure food, animal and animal safety throughout the region. The SADC Protocol on Trade provides a framework for cooperation on these issues. Describes the establishment of sectoral ministerial committees and the tasks of CDIC senior management. Geographical indications: The EPA includes a bilateral protocol between the EU and South Africa on the protection of geographical indications and on trade in wines and spirit drinks. The EU will protect names such as rooibos, South Africa`s famous infusion and many wine names such as Stellenbosch and Paarl. In return, South Africa will protect more than 250 EU names in the food, wine and spirits categories. At the 28th SADC Summit, held in Johannesburg in August 2008, the Free Trade Area was formally established by 12 of the 15 SADC member States. By the beginning of 2008, most customs duties on goods from participating Member States had been abolished (i.e.

around 85 % of goods had reached zero duty by January 2008) and a Common Customs Tariff system was applied to imports of goods from third countries. The Protocol on Trade in Services was developed and signed in August 2012 as a step towards the establishment of a free trade area for services. These are important steps towards the achievement of the further stages of SADC integration, such as the customs union, the common market and the monetary union. .