Southern African Regional and Economic Integration : The Free Trade Zone Strategy for South Africa? - Research

The Africa Regional Economic Integration venture could be the only key for African countries to stimulate expansive and comprehensive development for economic growth. The continents' territorial integration remains a strategic politico-economic yearning since independence in the 1960s. Under regional integration, states within a geographical region come together to promote social and economic development. At times, two or more states across borders go into an agreement for the same reason. Research shows that, although South Africa's significant exchanging partners have utilised SEZs for quite a long time, South Africa only presented these few years ago, and all SEZs have comparative goals. They mean to recognize particular zones where products and ventures can be foreign-made, free from customs duties and other aberrant duties in order to draw in venture, misuse assets and make monetary development through business and exports. This article assesses regional integration and its impact on individual member states.