Speaker in the House of Assembly Prince Guduza says Swaziland and Lesotho signed the interim Economic Partnership Agreement (EPA) with the European Union (EU) under duress.
In the latest twist of events, South Africa is reported to have ‘changed tunes’ and has decided to let Botswana, Lesotho and Swaziland (BLS) ratify their interim Economic Partnership Agreements (EPAs) with the European Union (EU).
The European Union signed an interim trade deal on Thursday with the Southern African countries of Botswana, Lesotho and Swaziland.
Policy paralysis in the Southern African Customs Union (Sacu) is compounding problems for the region’s struggling clothing and textiles industry.
Initialled by Botswana, Lesotho, Swaziland and Mozambique on 23 November 2007
President Pakalitha Mosisili of Lesotho called on member states of SADC to address their obligations to ensure that the region realises the Free Trade Area by 2008 and a Customs Union by 2010, in preparation for the creation of a Common Market by 2015 and a common currency by 2018.
The five-nation Southern African Customs Union (SACU) and the United States on Tuesday began talks in the tiny kingdom of Lesotho to finalise a free trade agreement due to be drawn up by the end of this year.