Southern African Development Community
|Members||Angola, Botswana, Democratic Republic of the Congo, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia, Zimbabwe|
|Main transport corridors||Central Corridor, North-South Corridor|
|Key private sector organisations||Association SADC Chambers of Commerce & Industry
Confederation of Tanzania Industries
SADC Bankers Association
Southern African Railways Associations
The Southern African Development Coordinating Conference (SADCC), was established in 1980 and was the precursor of the Southern African Development Community (SADC). The SADC was established into the SADC in 1992 when the SADC Treaty was adopted, redefining the basis of cooperation among Member States from a loose association into a legally binding arrangement. It aims to foster regional integration through the free trade area, creation of the customs union, common market and monetary union.
The main objectives of SADC are to achieve development and economic growth, alleviate poverty, enhance the standard and quality of life of the peoples of Southern Africa and support the socially disadvantaged through regional integration. They aim to do this through increased regional integration, built on democratic principles, and equitable and sustainable development.
SADC is part of the Tripartite Free Trade Area together with COMESA and EAC.
Since the establishment of SADCC, regional integration policies have been formulated to support economic growth and development. This aims to achieve increased market size, improved intra-regional trade and investment flows, and increased transfer of technology and experience.
Through the establishment of the common market, SADC hopes to facilitate trade and financial liberalisation, establish competitive and diversified industrial development, increase investments and ultimately to end poverty. They do this by focusing on market integration (via trade in goods and services), strengthening the financial and capital market, attain monetary cooperation through macroeconomic convergence, increasing investments and enhance competitiveness in the community.
Some strategies to foster trade in Southern Africa are to gradually eliminate tariffs, adopt common rules of origin, harmonise customs rules and procedure, attain internationally acceptable standards, harmonise sanitary and phyto-sanitary measures, eliminate non-tariff barriers and liberalise trade in services.