TRADE AND ECONOMIC LIBERALIZATION AND DEVELOPMENT Member States & Secretariat All intra-SADC trade tariffs at zero; NTB and TBT Common external tariff in place; Legal instrument providing for a Customs Union and a Common Market 2004 – 2008 2005 – 2008 2010 2010 – 2015 Implement all provisions of the Protocol on Trade by 2008 Negotiate a Common External Tariff; establish institutional framework for implementing the Customs Union (subject to the outcome of the midterm review of the protocol. Implement the common external tariff Negotiate instruments on free movement of all factors of production Pursue a SADC strategy on WTO negotiations; develop a SADC strategy on trade and development with other regional economic blocs Fast trek the implementation of the Protocol on Trade Provide for the establishment of a customs union and a common market in Trade Protocol by 2004 Consolidate the establishment of a SADC internal market; Engage in the multilateral trade negotiations through WTO; Negotiate trade and development agreements with other region economic blocs Completion of Free Trade Area by 2008 Establishment of a SADC Customs Union by 2010 Establishment of SADC a common market by 2015 Integration of SADC into global economy – ongoing Member States & Secretariat Member States & Secretariat Legal instrument on free movement of all factors of production Increased SADC share of trade and investment in total global trade and investment; increased SADC trade and investment with other regional economic blocs Common external tariff implemented Member States & Secretariat INDICATORS TIME FRAMES MEASURES STRATEGIES OBJECTIVES RESPONSIBILITY PRIORITY INTERVENTION AREA: Trade and Economic Liberalization and Development GOAL: The overall goal of this intervention is to facilitate trade and financial liberalization, competitive and diversified industrial development and increased investment for deeper regional integration and poverty eradication through the establishment of aSADC Common Market. TABLE 4.10 REGIONAL INDIC ATIVE STRATEGIC DEVELOPMENT PL AN 1 1 5