oa Journal of Development Perspectives - Asymmetric tariff reduction within the SADC protocol on trade and its implications for industrial development within member states
|Article Title||Asymmetric tariff reduction within the SADC protocol on trade and its implications for industrial development within member states|
|© Publisher:||Economic Society of South Africa|
|Journal||Journal of Development Perspectives|
|Affiliations||1 Lecturer, Department of Economics and Economic History, Rhodes University|
|Publication Date||Dec 2007|
|Pages||54 - 73|
|Keyword(s)||economic integration, industrial development, SADC Free Trade Area, SADC Protocol on Trade and Southern African Development Community|
The Southern African Development Community (SADC) aims to facilitate and attain deeper economic integration and industrial development among its members. To achieve these objectives, the grouping developed the SADC Protocol on Trade whose implementation began in 2000. While this Protocol is mainly a trade instrument, this article seeks to explore how it could be used to facilitate industrial development instead of using it solely for trade integration. In analysing this Protocol it has been observed that it has specific provisions that address issues on industrial development within the grouping. These provisions are Part Two Article 3 and Part Four Article 21. As the region progresses in implementing the Protocol, the aforementioned Articles could be utilised to facilitate industrial development. Theoretical debates upon which these Articles could be used to facilitate industrial development rest on the infant industry argument, the static and dynamic effects of economic integration. Limitations of the theoretical frameworks will be explored and how this could impact on industrial development initiatives by the grouping.
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