09 Apr Eu Agreement With Sadc
At today`s meeting, EU and SADC representatives made decisions that will ensure the effective functioning of all the institutions created by the EPA. The meeting will also focus on the important role that non-state actors should play in monitoring and assessing the impact of the agreement. The agreement was the first regional EPA in Africa to be fully operational after Mozambique began implementing the EPA in February 2018. H.E. Dr. Tax shared information with the EU delegation on the US$323 million humanitarian appeal launched by SADC President, His Excellency Hage G. Geingob, President of the Republic, on 11 April 2019 in Windhoek Namibia, as part of regional efforts to mitigate the effects of Cyclone Idai. She thanked all the stakeholders who have so far contributed to humanitarian aid in various forms. The EPA provides asymmetric access to the partners of the APE CDAA group. They can protect sensitive products from full liberalisation and safeguards can be taken if imports from the EU increase too rapidly. A detailed chapter on development identifies areas of trade that can benefit from financing.
The agreement also contains a chapter on sustainable development that covers social and environmental issues. The other six members of the Southern African Development Community – the Democratic Republic of Congo, Madagascar, Malawi, Mauritius, Zambia and Zimbabwe – are negotiating economic partnership agreements with the EU through other regional groups, namely Central or East and South Africa. On 10 June 2016, the EU signed an Economic Partnership Agreement (EPA) with the CDAA-EPA Group of Botswana, Lesotho, Mozambique, Namibia, South Africa and Swaziland. The agreement was the first regional EPA in Africa to be fully operational after Mozambique`s accession in February 2018. The EU`s Economic Partnership Agreements aim to promote trade with participating countries and ultimately contribute to sustainable development and poverty reduction through trade and investment. The EPA EU-SADC is also one of the building blocks of the future Continental Free Trade Area (AfCFTA). On 10 June 2016, the EU signed an Economic Partnership Agreement (EPA) with the CDAA-EPA Group of Botswana, Lesotho, Mozambique, Namibia, South Africa and Eswatini (formerly Swaziland). Angola has the opportunity to join the agreement in the future. Improved merchandise trade opportunities: The EPA guarantees access to the EU market without tariffs or quotas for Botswana, Lesotho, Mozambique, Namibia and Eswatini. South Africa enjoys new market access under the EU-South Africa Trade, Development and Cooperation Agreement (TDCA), which currently governs trade relations with the EU until October 2016 (when the EPA came into force on an interim basis, which lifted the trade component of the TDCA). The new access includes better trading conditions, particularly in agriculture and fishing, including wine, sugar, fish products, flowers and fruit preserves.
The EU will benefit from new valid access to the southern African customs union (whose products include wheat, barley, cheese, meat products and butter) and will have the security of a bilateral agreement with Mozambique, one of the region`s LDCs.