Integration Milestones

The final step in the process of deepening regional economic integration in SADC is the implementation of a Single Currency, which will establish the region as an Economic Union. The…

Monetary Union is where two or more countries achieve macroeconomic convergence, stable and harmonise exchange rates systems, liberalise capital and current accounts transactions and adopt…

A Common Market is an agreement between two or more countries removing all trade barriers between themselves, establishing common tariff and non-tariff barriers for importers, and also…

The second SADC Integration Milestone is the establishment of a SADC Customs Union.

A Customs Union is where a group of countries that have established a free trade area agree on…

The SADC Protocol on Trade (2005), as amended, envisages the establishment of a Free Trade Area in the SADC Region by 2008 and its objectives are to further liberalise intra-regional trade…