SADC to set new Customs Union deadline

SADC regional integration initiatives have been slow to take shape
SADC regional integration initiatives have been slow to take shape

After missing the 2010 deadline, the Southern African Development Community (SADC) will now negotiate a new target date for the transformation of the organisation into a Customs Union (CU), during the 2015 Ordinary Summit.

A CU is where a group of countries that have established a free trade area agree on common external tariffs and a common external trade policy, in a bid to drive increased trade and economic development in the region.

Originally scheduled for 2010, the formation of CU is seen as key to deepening regional integration before the region incrementally moved towards a common market and a monetary union.

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