The FTA would open up new suppliers of crops such as
maize and beans from other African countries other than sourcing these in South
Africa at higher prices, as is the current practice, say international trade
experts. The signing of the FTA agreement means that producers and consumers no
longer pay import tariffs on about 85 percent of all trade in community goods
within the initial 12 countries.
The FTA was launched under the theme ‘Free Trade Area for Growth, Development and Wealth Creation,’ at the SADC summit in Johannesburg, lurching forward SADC’s ambitious plan of regional integration. SADC wants to have a single customs union by 2010, a common market in 2015 and a single monetary union by 2018.
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The FTA was launched under the theme ‘Free Trade Area for Growth, Development and Wealth Creation,’ at the SADC summit in Johannesburg, lurching forward SADC’s ambitious plan of regional integration. SADC wants to have a single customs union by 2010, a common market in 2015 and a single monetary union by 2018.
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