Comesa and Sadc; Prospects and Challenges for Regional Trade Integration

Regional integration has been seen in Africa as a means of encouraging trade and securing economies of scale. This paper examines in detail the prospects and challenges for trade expansion in the two most prominent arrangements in eastern and southern Africa: the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC). It finds that possibilities of growth in intraregional trade may be limited, but that the two arrangements offer opportunities for member countries to gain policy credibility for trade reforms and tariff liberalization and to address structural weaknesses. In this regard, the negotiation of the Economic Partnership Agreements with the European Union can also have a significant impact.

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Year of publication:	2004-12-01
Authors:	Khandelwal, Padamja
Institutions:	International Monetary Fund (IMF)
Subject:	Trade relations \| Common Market for Eastern and Southern Africa \| Trade integration \| regional integration \| rules of origin \| external tariff \| intraregional trade \| open regionalism \| trade taxes \| tariff lines \| trade liberalization \| trade regimes \| regionalism \| regional trade \| world trade \| regional arrangements \| trade diversion \| intermediate goods \| trade expansion \| free trade \| tariff structures \| trade area \| common market \| average tariff \| multilateral liberalization \| tariff liberalization \| free trade area \| tariff structure \| economic partnership agreements \| trade facilitation \| regional trade arrangements \| trade protocol \| trade regime \| regional cooperation \| trade reform \| trade reforms \| world trade organization \| tariff reductions \| liberalization commitments \| restrictive rules of origin \| economic integration \| competition policy \| trade arrangements \| export bias \| high tariffs \| preferential arrangements \| border controls \| anti-export bias \| dispute settlement \| preferential liberalization \| unilateral preferences \| preferential treatment \| nondiscriminatory liberalization \| balance of payments \| tariff heading \| export subsidies \| tariff rate \| safeguard measures \| trade restrictions \| importing country \| nontariff barriers \| average tariffs \| economic partnership agreement \| trade openness \| competition policies \| regional level \| tariff rates \| regional trade integration \| intellectual property rights \| intellectual property \| regional liberalization \| tariff barriers \| trade partner \| dispute settlement mechanism \| trading system \| preferential market access \| trade policies \| liberalization efforts \| trade policy review \| trade remedies \| trade tax revenue \| preferential margin \| free trade agreements \| bilateral investment \| regional customs \| global markets \| quantitative restrictions \| regional partners \| open trade \| regulatory framework \| lost tariff revenue \| high tariff barriers \| agricultural trade \| free zones \| preference erosion \| integration efforts \| multilateral negotiations \| national practices \| bilateral investment treaties \| liberalization policies \| nondiscriminatory trade liberalization \| regional integration initiatives \| trade in services \| regional free trade \| multilateral agreements \| common tariff \| regional agreement \| unilateral liberalization \| regulatory policies \| import duties \| monetary union \| formal dispute settlement \| merchandise trade \| preferential trading \| economic cooperation \| regional integration efforts \| domestic industries \| exchange rate policies \| open trade regimes \| low tariffs \| intra-regional trade \| transition period \| tariff preferences \| trading arrangements \| partner countries \| liberal rules \| most-favored-nation \| protectionist intent \| tariff revenue \| trade flows \| bargaining power \| regional arrangement \| preferential trading arrangements \| world economy \| negotiating positions \| regional standards \| applied tariff \| preferential arrangement \| evidence of trade diversion \| trading partners \| trade exports \| commercial policy \| bound tariff \| accession countries \| regional development \| south-south \| trade creation \| trade barriers \| agreed common external tariff \| multilateral context \| trade agreements \| preferential trade area \| global trade \| tariff escalation \| harmonization of rules \| tariff schedule \| process of liberalization \| investment treaties \| regional markets \| preferential trade \| multiple membership \| trading partner \| nondiscriminatory trade \| liberalization of trade

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 04/227 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005604840