Read Assessing Regional Integration in Africa V

Assessing Regional Integration in Africa V

United Nations Economic Commission for Africa

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Description:Interregional coordination is growing. COMESA, EAC and SADC held their first TripartiteSummit in October 2008, where the Heads of State and Government of the three RECs agreedto establish a Free Trade Area (FTA). This Tripartite FTA brings together 26 African countries,with a combined population of 530 million people, and a total GDP of USD 630 billion, or morethan half of the output of Africa’s economies. It has galvanized the interest of Africa’s policymakerstowards a much broader Continental FTA. Accordingly, the African Union Ministers of Trade, attheir 6th Ordinary Session in Kigali in November 2010, recommended fast-tracking the establishmentof an African Continental Free Trade Area (C-FTA).One of the main challenges facing Africa’s Regional Economic Communities (RECs) in implementing theirintegration programmes is overlapping membership. Consider the case of COMESA, EAC and SADC.EAC is already a common market, but it shares four member States with COMESA and one Member Statewith SADC. Five SADC member States are members of Southern African Customs Union (SACU). Tencountries in the region are already members of customs unions, but all of them are also in negotiations toestablish alternative customs unions from the one they now belong to. COMESA and SADC have sevenmember States in common that are not part of a customs union, but all are preparing customs unions.So, of the 26 countries in COMESA, EAC and SADC, 17 are either in a customs union and negotiatingan alternative customs union to the one they belong, or are negotiating two separate customs unions.Similar overlaps, though to a lesser scale exists among members of RECs in Western and Northern Africa.Deepening Africa’s integration goes beyond harmonising RECs memberships and policies. Indeed,the African countries have agreed on a Minimum Integration Programme (MIP). The MIP comprisesthose activities, projects and programmes that the RECs have selected to accelerate and bring tocompletion as part of the regional and continental integration process. As a mechanism for convergenceof RECs, it focuses on a few priority areas of regional and continental concern, where RECscould strengthen their cooperation and benefit from best integration practices.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Assessing Regional Integration in Africa V. To get started finding Assessing Regional Integration in Africa V, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 144

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: 2012

ISBN: 9210552784

Description: Interregional coordination is growing. COMESA, EAC and SADC held their first TripartiteSummit in October 2008, where the Heads of State and Government of the three RECs agreedto establish a Free Trade Area (FTA). This Tripartite FTA brings together 26 African countries,with a combined population of 530 million people, and a total GDP of USD 630 billion, or morethan half of the output of Africa’s economies. It has galvanized the interest of Africa’s policymakerstowards a much broader Continental FTA. Accordingly, the African Union Ministers of Trade, attheir 6th Ordinary Session in Kigali in November 2010, recommended fast-tracking the establishmentof an African Continental Free Trade Area (C-FTA).One of the main challenges facing Africa’s Regional Economic Communities (RECs) in implementing theirintegration programmes is overlapping membership. Consider the case of COMESA, EAC and SADC.EAC is already a common market, but it shares four member States with COMESA and one Member Statewith SADC. Five SADC member States are members of Southern African Customs Union (SACU). Tencountries in the region are already members of customs unions, but all of them are also in negotiations toestablish alternative customs unions from the one they now belong to. COMESA and SADC have sevenmember States in common that are not part of a customs union, but all are preparing customs unions.So, of the 26 countries in COMESA, EAC and SADC, 17 are either in a customs union and negotiatingan alternative customs union to the one they belong, or are negotiating two separate customs unions.Similar overlaps, though to a lesser scale exists among members of RECs in Western and Northern Africa.Deepening Africa’s integration goes beyond harmonising RECs memberships and policies. Indeed,the African countries have agreed on a Minimum Integration Programme (MIP). The MIP comprisesthose activities, projects and programmes that the RECs have selected to accelerate and bring tocompletion as part of the regional and continental integration process. As a mechanism for convergenceof RECs, it focuses on a few priority areas of regional and continental concern, where RECscould strengthen their cooperation and benefit from best integration practices.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Assessing Regional Integration in Africa V. To get started finding Assessing Regional Integration in Africa V, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Assessing Regional Integration in Africa V

Assessing Regional Integration in Africa V

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