SADC countries adopt a regional competition policy blue-print
source: Standay Standard
by Gowenius Toka
31.08.2008 10:41:33 P
Southern African Development Community (SADC) member states have adopted a land-mark competition policy that is expected to shape regional investment and trade across the 14-member grouping, the organization said this week after a two-day meeting which was held in Gaborone this week.
The move is a squeal to a declaration made by ministers responsible for trade who urged the regional body in Lusaka, Zambia, recently to come up with a regional approach which is expected to see all the member states equally benefiting from investment development taking place within the region.
Under the new system—particularly Article 25 of the SADC Protocol on Trade – member states shall play according to the rule book by implementing measures within the “Community” that prohibit unfair business practices and promote competition; and it is also entailed in the protocol that a framework of trade cooperation among member states based on equity, fair competition and mutual benefit will contribute to the creation of a viable development community in southern Africa.
High profile officials from at least fourteen countries converged at the Gaborone International Convention Centre (GICC), to [continue reading]