ZIMSEC O Level Geography Notes: Trade:The Southern African Development Community (SADC)
- Regional economic grouping can take the form of free trade areas, custom unions, common markets and economic unions.
- Free trade areas: there are no trade barriers for the member states of the trade area. Member countries are free to engage in trade with other countries outside the trade area for example COMESA.
- Customs union: trade is more closely arranged and all trade barriers between member states are removed. There is also an element of protectionism where common tariffs are imposed against imports from non-members.
- Common market: no barrier to trade and there is free flow of labour and capital amongst member states.
- Economic union: there are common policies for example, currency, pricing policies and taxation.
- To raise standards of living of the people of Southern Africa through active participation by all members states. Each member state was thus allocated an area of responsibility.
- To promote regional integration through the implementation of a trade agreement which would allow free movement of goods, services and finance the member states.
- To change the thrust for development by setting up export oriented industries.
|Energy conservation and development
|Agricultural research and animal disease control
|Soil and water conservation and land utilisation
|Fisheries, wildlife and forestry
|transport and communications
|Industry and trade
|Manpower development and trade
|Finance and investment
|Southern African development fund and mining
To access more topics go to the O Level Geography Notes page