SADC and Angola. 2
Angola’s Exports 2
Angola’s Imports 4
ECONOMIC EFFECTS OF SOUTHERN AFRICAN DEVELOPMENT COMMUNITY (SADC) ON ANGOLA.
After war, Angola is said to be in a triple evolution. It said to evolve from war to peace, destruction to reconstruction and from a state support system to democratization and transparency. It gained independence from the Portuguese in 1975 after an expensive and long running liberation war. In 1991, there were changes in the economy, with an inefficient controlled economy towards an expected multiparty democratic state and market economy. Even though there were fair and free elections won by the government in 1992, few liberty was recognized. The state was highly federal with the president and selected few able to manage the budget revenues for their own addition purposes. A lot of infrastructure, health services and agriculture were destroyed during the war. Millions of landmines were being put down. This caused problems with transport, agriculture and not forgetting people’s lives. Peace availed in April 2002 when the rebel leader Jonas Savimbi was killed. This left the Movimento Popular de Libertacao de Angola (MPLA) the undisputed champions and they controlled the government. (Kibble, 2006).
Angola is a member of Southern African Development Community (SADC) which endorses regional integration in the Southern part of Africa. The main aspiration of SADC is to get rid of poverty in Southern Africa. This will be made possible through a schedule that rotates around the endorsement of regional economic integration, peace and security in the region. An important constituent for SADC since its formation in 1980 has been infrastructure programs. These include key cross-border projects in energy, water and transport. Angola has really taken part in SADC’s infrastructure projects. Presently, a number of SADC’s precedent projects in infrastructure involve Angola. Moreover, infrastructure development remains a key priority in reconstruction and rebuilding of Angola. (Bonfin & Tjonneland, 2009). This paper seeks to explain the economic effects of Southern African Development Community on Angola.
SADC and Angola.
Liberalization of the economy and trade are at the core of the SADC. Angola is SADC’s second largest economy after South Africa. It is yet to agree to provisions on which it will join the Free Trade Area (FTA). The main intention of SADC FTA is to augment trade flows between member states by lessening time and cost of exports and imports. This is done by balancing custom procedures, constructing one-stop border posts and removing tariffs. Angola claims it does not have the conditions to freely trade with its neighbors. It says that it has recently come from an extended civil war period that destroyed its infrastructure and left it with very little constructive industry. Angola was once an exporter of sugarcane, coffee and...