The African Union's Self-Financing-Mechanism: A Critical Analysis in terms of the World Trade Organisation's Rules and Regulations
The purpose of this paper is to critically analyse from a theoretical perspective the compatibility of the African Union's (AU's) self-financing mechanism (SFM) with the rules and regulations of the World Trade Organisation (WTO) Most-Favoured-Nation (MFN) principle, which forms an integr...
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| Format: | Article |
| Language: | Afrikaans |
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North-West University
2022-12-01
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| Series: | Potchefstroom Electronic Law Journal |
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| Online Access: | https://perjournal.co.za/article/view/9472 |
| _version_ | 1811199232199098368 |
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| author | Gordon Adams Patricia Lenaghan |
| author_facet | Gordon Adams Patricia Lenaghan |
| author_sort | Gordon Adams |
| collection | DOAJ |
| description |
The purpose of this paper is to critically analyse from a theoretical perspective the compatibility of the African Union's (AU's) self-financing mechanism (SFM) with the rules and regulations of the World Trade Organisation (WTO) Most-Favoured-Nation (MFN) principle, which forms an integral part of the anti-discrimination provisions. The AU consists of 55 African countries, most of them members of the WTO. The SFM agreed is in the form of a 0.2 per cent levy applied to all eligible goods imported from a non-AU member state into the territory of an AU member state. As most of the AU member states (AUMSs) are WTO members, they must adhere to all the rules and regulations of the WTO. It is against this backdrop that this paper analyses the AU SFM against the relevant WTO rules and regulations. Most importantly this paper will provide recommendations for the compatibility of the AUs SFM in terms of the existing WTO rules and principles, such as the operation of the Differential and More Favourable Treatment, Reciprocity and Fuller Participation of Developing Countries, more commonly referred to as the Enabling Clause, given the WTOs general classification of all African countries as developing or least developed countries. The need for the AU to be self-sustainable financially in order for it to achieve its goals and objectives has most recently been reinforced.by the economic repercussions of the COVID-19 pandemic both locally and internationally.
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| first_indexed | 2024-04-12T01:44:30Z |
| format | Article |
| id | doaj.art-fac8ca6b3025433eb0a425a0ea92866f |
| institution | Directory Open Access Journal |
| issn | 1727-3781 |
| language | Afrikaans |
| last_indexed | 2024-04-12T01:44:30Z |
| publishDate | 2022-12-01 |
| publisher | North-West University |
| record_format | Article |
| series | Potchefstroom Electronic Law Journal |
| spelling | doaj.art-fac8ca6b3025433eb0a425a0ea92866f2022-12-22T03:53:07ZafrNorth-West UniversityPotchefstroom Electronic Law Journal1727-37812022-12-012510.17159/1727-3781/2022/v25i0a9472The African Union's Self-Financing-Mechanism: A Critical Analysis in terms of the World Trade Organisation's Rules and RegulationsGordon Adams0Patricia Lenaghan1University of the Western CapeUniversity of the Western Cape The purpose of this paper is to critically analyse from a theoretical perspective the compatibility of the African Union's (AU's) self-financing mechanism (SFM) with the rules and regulations of the World Trade Organisation (WTO) Most-Favoured-Nation (MFN) principle, which forms an integral part of the anti-discrimination provisions. The AU consists of 55 African countries, most of them members of the WTO. The SFM agreed is in the form of a 0.2 per cent levy applied to all eligible goods imported from a non-AU member state into the territory of an AU member state. As most of the AU member states (AUMSs) are WTO members, they must adhere to all the rules and regulations of the WTO. It is against this backdrop that this paper analyses the AU SFM against the relevant WTO rules and regulations. Most importantly this paper will provide recommendations for the compatibility of the AUs SFM in terms of the existing WTO rules and principles, such as the operation of the Differential and More Favourable Treatment, Reciprocity and Fuller Participation of Developing Countries, more commonly referred to as the Enabling Clause, given the WTOs general classification of all African countries as developing or least developed countries. The need for the AU to be self-sustainable financially in order for it to achieve its goals and objectives has most recently been reinforced.by the economic repercussions of the COVID-19 pandemic both locally and internationally. https://perjournal.co.za/article/view/9472African Unionself-financing mechanismanti-discrimination principlemost-favoured-nation principle; developing or least developed countriesfree trade area |
| spellingShingle | Gordon Adams Patricia Lenaghan The African Union's Self-Financing-Mechanism: A Critical Analysis in terms of the World Trade Organisation's Rules and Regulations Potchefstroom Electronic Law Journal African Union self-financing mechanism anti-discrimination principle most-favoured-nation principle; developing or least developed countries free trade area |
| title | The African Union's Self-Financing-Mechanism: A Critical Analysis in terms of the World Trade Organisation's Rules and Regulations |
| title_full | The African Union's Self-Financing-Mechanism: A Critical Analysis in terms of the World Trade Organisation's Rules and Regulations |
| title_fullStr | The African Union's Self-Financing-Mechanism: A Critical Analysis in terms of the World Trade Organisation's Rules and Regulations |
| title_full_unstemmed | The African Union's Self-Financing-Mechanism: A Critical Analysis in terms of the World Trade Organisation's Rules and Regulations |
| title_short | The African Union's Self-Financing-Mechanism: A Critical Analysis in terms of the World Trade Organisation's Rules and Regulations |
| title_sort | african union s self financing mechanism a critical analysis in terms of the world trade organisation s rules and regulations |
| topic | African Union self-financing mechanism anti-discrimination principle most-favoured-nation principle; developing or least developed countries free trade area |
| url | https://perjournal.co.za/article/view/9472 |
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