Adopting a Harmonized Regional Approach to Customs Regulation for the Tripartite Free Trade Agreement
(Sprache: Englisch)
The three regional economic communities (RECs) in Eastern and Southern Africa are the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and the Southern African Development Community (SADC). Together, they have...
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The three regional economic communities (RECs) in Eastern and Southern Africa are the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC) and the Southern African Development Community (SADC). Together, they 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). This will replace the existent RECs in Eastern and Southern Africa to which the member states of these two regions have multiple membership. The TFTA region comprises a total of 27 member states which have a combined population of 527 million people and a combined gross domestic product (GDP) of USD 624 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 is an awareness to move towards a review of domestic customs legislation and policy and to develop 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, interoperable electronic customs system. Rather, it places its focus on long-term sustainable benefits which will be realised over time. The harmonisation of TFTA member state customs legislative policies and
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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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Text Sample:CHAPTER 3: AN ANALYSIS OF TFTA EFFORTS TO HARMONISE CUSTOMS LAWS AND POLICIES:
3.1 BACKGROUND:
The decision to negotiate an agreement for the creation of a Tripartite Free Trade Agreement (TFTA) was sanctioned by heads of government for the Common Market for East and Southern Africa (COMESA), East Africa Community (EAC), and Southern African Development Community (SADC) Regional Economic Communities (REC's) at the first tripartite summit which was held in Kampala, Uganda in 2008.
At the tripartite summit the importance of the envisaged tripartite agreement as a crucial stepping stone towards the eventual achievement of the African Economic Community (AEC) was emphasised as it is acknowledged that the TFTA is part of the pan-African vision towards one continental economic grouping. This vision is a product of the Abuja treaty (1991) which was signed by several Organisation of African Union (OAU) heads of state and government. The Abuja treaty laid the groundwork for the creation of the AEC, with the REC's serving as building blocks for the envisaged continental community.
The TFTA is based on three main pillars which are identified as market integration, infrastructure development and industrial development. These three pillars further devolve to encompass other sub-areas which are in turn more specifically directed towards particular areas of negotiation. The area of customs harmonisation falls under the pillar of market integration. The developments which have taken place to date or are currently underway or planned for under this pillar are then critically analysed in this chapter.
At the inaugural tripartite summit there also were established, tripartite sectoral ministerial committees on trade, finance, customs, economic matters and home/internal affairs and a further sectoral ministerial committee on legal affairs. Moreover, it was approved that these ministerial committees would convene annually at the least and their implementing bodies
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which would assume the form of a tripartite taskforce of the secretariats of the three REC's would meet at least bi-annually.
To date, the secretariats of the three REC's have successfully managed to complete a study aimed at the formation of a road map for establishing the TFTA, together with the legal and institutional framework to be developed for the region. A draft report and draft instruments were also circulated to the member states of the proposed TFTA. The draft instruments which were developed consist of the TFTA agreement and its supporting annexures, tariff liberalisation modalities, rules of origin, the road map and the negotiating timetable.
Of relevance to this theme will be the fact that the secretariats have held meetings on customs cooperation and as a result thereof, efforts to finalise a tripartite work programme in this area are at an advanced stage though they are not yet finalised. These meetings include the 11th meeting of the subcommittee on customs and trade of the COMESA-EAC-SADC tripartite task force where it was reiterated that the three REC's should adopt harmonised standards and also work towards the development of a single regional framework for cooperation and mutual agreement.
The draft TFTA agreement contains an annexure which specifically addresses the subject of the simplification and harmonisation of trade documentation and procedures in customs. This annexure to Article 14 of the draft TFTA agreement seeks to address this matter and states its objective as that of promoting cooperation among member states within the TFTA to simplify and harmonise trade documentation and procedures in order to facilitate intra-tripartite trade.
This annexure is a clear translation of the theory that the harmonisation of customs legislation, policies and data is the key towards developing successful customs modernisation initiatives and is the solution to unlocking and accelerating regional economic growth for the TFTA. It is also of importance
To date, the secretariats of the three REC's have successfully managed to complete a study aimed at the formation of a road map for establishing the TFTA, together with the legal and institutional framework to be developed for the region. A draft report and draft instruments were also circulated to the member states of the proposed TFTA. The draft instruments which were developed consist of the TFTA agreement and its supporting annexures, tariff liberalisation modalities, rules of origin, the road map and the negotiating timetable.
Of relevance to this theme will be the fact that the secretariats have held meetings on customs cooperation and as a result thereof, efforts to finalise a tripartite work programme in this area are at an advanced stage though they are not yet finalised. These meetings include the 11th meeting of the subcommittee on customs and trade of the COMESA-EAC-SADC tripartite task force where it was reiterated that the three REC's should adopt harmonised standards and also work towards the development of a single regional framework for cooperation and mutual agreement.
The draft TFTA agreement contains an annexure which specifically addresses the subject of the simplification and harmonisation of trade documentation and procedures in customs. This annexure to Article 14 of the draft TFTA agreement seeks to address this matter and states its objective as that of promoting cooperation among member states within the TFTA to simplify and harmonise trade documentation and procedures in order to facilitate intra-tripartite trade.
This annexure is a clear translation of the theory that the harmonisation of customs legislation, policies and data is the key towards developing successful customs modernisation initiatives and is the solution to unlocking and accelerating regional economic growth for the TFTA. It is also of importance
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Bibliographische Angaben
- Autor: Vimbai Lisa Michelle Jana
- 2017, 112 Seiten, Masse: 15,5 x 22 cm, Kartoniert (TB), Englisch
- Verlag: Anchor Academic Publishing
- ISBN-10: 3960671903
- ISBN-13: 9783960671909
- Erscheinungsdatum: 03.11.2017
Sprache:
Englisch
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