free movement of capital and labour, goods and services,
and of the residents of the Member States, improve
economic management and performance through regional
co operation, and to create appropriate institutions and
mechanisms for the implementation of programmes and
operations in the Region;
CONVINCED
of the need to accelerate growth, investment and
employment in the SADC Region through increased cooperation, coordination and management of
macroeconomic, monetary and fiscal policies and to
establish and sustain macroeconomic stability as a
precondition to sustainable economic growth and for the
creation of a monetary union in the Region;
RECOGNISING
the increasing importance of the development and
strengthening of financial and capital markets, and the
role played by investment and the private sector in
productive capacity and increased economic growth and
sustainable development;
RECOGNISING
the importance of the link between investment and trade,
and the need for greater regional cooperation to enhance
the attractiveness of the Region as an investment
destination;
MINDFUL
of the different levels of economic development of
Member States and of the need to share equitably in the
benefits of regional integration;
HEREBY AGREE as follows:
CHAPTER ONE DEFINITIONS
AND OBJECTIVES
ARTICLE 1
DEFINITIONS
1.
In this Protocol, terms and expressions defined in Article 1 of the Treaty
shall bear the same meaning unless the context otherwise requires.
2.
In this Protocol, unless the context otherwise requires:
"Annex''
means an Annex to this Protocol;
"SIS"
means
the
Settlements;
14
Bank
for
International