Free Trade Agreement and Prospects of Regional Integration in Southern Africa: An Evaluation of Impingements to Southern Africa Development Community (SADC) Free Trade Area (FTA)


Authors : Prosper Ng’andu, Lewis Bwalya Chilufya, David Phillips

Volume/Issue : Volume 4 - 2019, Issue 9 - September

Google Scholar : https://goo.gl/DF9R4u

Scribd : https://bit.ly/2MbclQb

The wholesome disillusion of protectionism among industrialized countries emerged after World War, henceforth, former allied power the aegis of the General Agreement on Tariffs and Trade (GATT) adopted New Multilateralism that evolved into ‘Free’ (fair) Trade (Sandrey,2013). Since then the world-over has seen growth in trade among nations, states which has also been contributed by manifestation of globalization. There is increasingly unification of capital markets, internationalization of production, mega-revolution in information, networks, distribution, communication and technology. In view of that member states of Southern Africa Development Community (SADC) felt prudent in 2008 to achieve liberalize intraregional by trading in goods and services hence, SADC Protocol for Free Trade Area (FTA) was adopted. This Article is on Free Trade Agreement and Prospects of Regional Integration in Southern Africa with an evaluation of impingements of SADC-FTA. The Article highlights the introduction, background of SADC FTA, cites two other trading blocs thus, the stand alone and the regional organized. Thereafter, the article evaluates the impingements and draws the conclusion. The article is the product of a qualitative research methodology study conducted on the benefits of South Africa from FTA. The study used secondary data to which units, categories and condensation applied to analyze the data. The geographical proximity, overlapping membership, policy harmonization, indivisibility of sovereignty, dependence syndrome, lack of industrial capacity, political barriers, low input from private sectors and tariffs variation are some of the impingements.

Keywords : SADC, Free Trade Area, Regional Bloc, Economic Integration, Tariffs.

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