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Adopting a harmonized regional approach to customs regulation for the Tripartite Free Trade Agreement / Vimbai Lisa Michelle Jana

The three regional economic communities (RECs) in Eastern and Southern Africa which are the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), and the Southern African Development Community (SADC) together have recognised the need to work towards regional coope... Full description

PPN (Catalogue-ID): 1009497529
Personen: Jana, Vimbai Lisa Michelle [VerfasserIn]
Format: Book Book
Language: English
Published: Hamburg, Anchor Academic Publishing, [2017]
Basisklassifikation: 83.40
83.48
Physical Description: 102 Seiten
ISBN: 978-3-96067-190-9

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520 |a The three regional economic communities (RECs) in Eastern and Southern Africa which are the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), and the Southern African Development Community (SADC) together have recognised the need to work towards regional cooperation aimed at the eventual creation of a single regional economic community or Tripartite Free Trade Agreement (TFTA) which will replace the existent RECs in Eastern and Southern Africa to which the member states of these two regions have multiple membership. COMESA, EAC and SADC as the TFTA region ('the region') combined comprises a total of twenty seven member states which have a combined population of 527 million people, a combined gross domestic product (GDP) of USD624 billion. These statistics translate into a potential regional economic powerhouse for Eastern and Southern Africa. One of the major goals of the TFTA is to harmonise trade arrangements among the three RECs, improve the movement of goods and persons within the single integrated region, facilitate the joint implementation of regional infrastructure projects and enhance co-operation of member states. This is a laudable initiative by the member states of the three RECs and it is recognised that regional integration is the first step towards integration into a multilateral trading system. For the TFTA member states, it is crucial that there be an awareness and move towards a review of domestic customs legislation and policy and the development of regional supranational legislation and regulations in order to gain a stronger competitive edge in the global market. This study shies away from proposing a 'quick fix? or 'instant benefit? to the harmonisation of TFTA member states customs legislative frameworks and policies and the development of a single automated and interoperable electronic customs system, but rather places its focus on long-term sustainable benefits which will be realised over time. The harmonisation of TFTA member state customs legislative policies and the resultant Information and Communications Technology (ICT) reforms to the customs processes of the TFTA member states, though not immediate or short-term, will strategically position the region to conduct business in an increasingly volume driven, fast paced, electronic global economy. 
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