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The Impact of Eu Free Trade Agreements on Economic Development and Regional Integration in Southern Africa - The Example of Eu-Sacu Trade Relations (Paperback, illustrated edition)
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The Impact of Eu Free Trade Agreements on Economic Development and Regional Integration in Southern Africa - The Example of Eu-Sacu Trade Relations (Paperback, illustrated edition)
Series: Development Economics and Policy, 55
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North-South Free Trade Agreements are supposed to improve African
countries' access to competitive inputs and consumer goods, to
assist in creating an enabling trading environment and to help to
improve the competitiveness of domestic companies by involving them
in international networks. Negative effects such as revenue losses
and trade diversion are meant to be offset by safeguard measures,
technical assistance, and economic growth. The effects of a free
trade agreement between the EU and the Southern African Customs
Union (SACU) countries, especially relating to export performance,
diversification efforts, industrialisation options and efforts for
deeper regional integration, are the major questions the study
addresses. In studying sector examples in the SACU countries for
successful industrial policy, an investigation is undertaken of how
a free trade agreement between the EU and the SACU countries
affects domestic policies, economic performance and the position of
sectors in the global value chain. The conclusion drawn is that
free trade agreements concluded between the EU and southern African
countries failed to be development-oriented. Subsequently, policy
recommendations are made as to how EU policies towards southern
Africa can take industrial development, export diversification and
a move towards deeper regional integration better into account.
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