Failure to implement hampers regional integration
Friday, July 08, 2016
The 15-point action matrix focuses on the review of rules of origin, completion of tariff phase downs, removal of non-tariff barriers, and facilitation or development of a mechanism to assist those member states that are not yet in the Free Trade Area (FTA) to participate therein.
At the 28th meeting of the committee of ministers of trade, Seretse said SADC ministers of trade continue to be confronted and meeting over the same issues, with very little progress made in resolving them.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...