Page 45 - 40th Summit Brochure 2020

development in the region by the year 2000.
It was followed by the SADC Industrial
Development Policy Framework which was
adopted in 2013. T e departure point for the
SADC Industrial Policy Framework was the
Industrial Upgrading and Modernization
Programme (IUMP) adopted in June 2009.
T e decision of the 34th SADC Summit in
2014 to place industrial development at the
core of the developmental integration
Priority A agenda of SADC was in realisation that
industrial development is central to
INDUSTRIAL diversif cation of economies in the region as
well as the creation of employment to
42 DEVELOPMENT AND reduce poverty.
TRADE T e SADC Industrialisation Strategy and
Roadmap 2015-2063, approved in 2015, was
developed as an inclusive long-term
BACKGROUND modernisation and economic transformation
T e SADC Treaty and the Regional Indicative scheme that enables the substantive and
Strategic Development Plan (RISDP) provide sustained raising of living standards. T e
for a development integration approach in strategy is anchored on three independent
SADC that seeks to address production, and mutually supportive strategic pillars,
infrastructure and ef ciency barriers to wherein “Industrialisation” is emphasised as
growth and development in the region. a champion of economic transformation,
Specif cally, industrialisation is prioritised as enhancing competitiveness, and deeper
a major tool for sustainable growth, regional integration. It covers the years 2015
development and eradication of poverty. to 2063, which was a deliberate policy
Industrial development has been placed at the decision to align the strategy with the African
core of the developmental integration agenda Union Agenda 2063.
of SADC. Phase I of the strategy covers the
SADC Member States acknowledge that remaining period of the RISDP (2015-2020)
industrial development is central to and constitutes a time of active frontloading
diversif cation of their economies, of the Industrial Development and Market
development of productive capacity, and the Integration component of the RISDP and
creation of employment in order to reduce related infrastructure and services support
poverty and set their economies on a more to industrialisation. T rough the now
sustainable growth path. T e f rst SADC developed Protocol in Industry, the Strategy
Industrial Development Strategy was and Roadmap seeks to intensify structural
prepared and adopted in 1989 in which change and fast track the industrialisation
various objectives and targets were transition of SADC Member States to the
proposed to accelerate industrial levels of developed countries.