The Cotonou Agreement and its Implications for the Regional Trade Agenda in Eastern and Southern AfricaCotonou Agreement • June 20th, 2003
Contract Type FiledJune 20th, 2003Sub Regional Trade Arrangements (RTA) in Eastern and Southern Africa have proliferated in the past 10 to 15 years. The small size of most of the countries in the region, some of which are landlocked, and the security needs in the post independence period largely explain the rapid expansion. These arrangements are characterized by their multiple and overlapping membership, complex structures, and eventually conflicting and confusing commitments. The influence of RTAs has been limited to assisting the region in increasing trade, attracting foreign direct investment, enhancing growth, and achieving convergence among the member countries. However, despite all their limitations, RTAs have the potential, if properly designed and effectively implemented, to be an important instrument to assist the member countries with their integration into global markets. In 1998, most of the Southern African countries, as members of the Africa Caribbean Pacific group (ACP), signed the Cotonou Agreement wit
The Cotonou Agreement and its Implications for the Regional Trade Agenda in Eastern and Southern AfricaCotonou Agreement • June 20th, 2003
Contract Type FiledJune 20th, 2003Sub Regional Trade Arrangements (RTA) in Eastern and Southern Africa have proliferated in the past 10 to 15 years. The small size of most of the countries in the region, some of which are landlocked, and the security needs in the post independence period largely explain the rapid expansion. These arrangements are characterized by their multiple and overlapping membership, complex structures, and eventually conflicting and confusing commitments. The influence of RTAs has been limited to assisting the region in increasing trade, attracting foreign direct investment, enhancing growth, and achieving convergence among the member countries. However, despite all their limitations, RTAs have the potential, if properly designed and effectively implemented, to be an important instrument to assist the member countries with their integration into global markets. In 1998, most of the Southern African countries, as members of the Africa Caribbean Pacific group (ACP), signed the Cotonou Agreement wit