AN APPRAISAL ON THE LEGAL FRAMEWORK GOVERNING INTERNATIONAL TRADEIN TANZANIA AND ACCESSIBILITY OF THE INTRA-AFRICAN REGIONAL MARKETS
Keywords:
Appraisal, international trade law, intra-African Regional MarketAbstract
The article examines the appraisal on the legal framework governing international trade in Tanzania and how it facilitates accessibility of the intra – African regional market. Regional trade agreements are among the major international development arrangements of recent years within the WTO.iThe General Agreement on Tariff and Trade (GATT 1994),ii allows its Members to formulate Preferential Trade Agreements (PTAs) through customs union and free – trade areas as an exception to the fundamental principle of Non–Discrimination.Tanzania is one of the founding members of the WTO as it joined the WTO on 1st January 1995, iiibut the country still facing difficulties in accessing the intra –African regional markets.The article submits that the country has no specific legal framework governing International Trade. While the existing laws are scattered and insufficient in addressing trading issues at both national and international levels, the same are also not effectively implemented. To achieve this, the article employs library research method to critically examine relevant documentary sources. The study concludes and recommends that it is high time for the country to come up with a specific law to guide trade activities in the country with regards to PTAs. The country is also required to have a clear policy and specific regulations so as to facilitate the effective implementation for competitiveness in the intra - African market.
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