Bilateral trade agreement with Asean and European Union are passe. The stage is set for the first trans-continental treaty with India, South Africa and Mercosur — comprising Brazil, Argentina, Uruguay and Paraguay — launching negotiations on a preferential trade agreement later this week.India will also start technical negotiations on Saturday for a PTA with the Southern African Customs Union, which consists of South Africa, Botswana, Namibia, Lesotho and Swaziland.
With the partner states of the East African Community having agreed to negotiate an Economic Partnership Agreement (EPA) with Europe under one roof, Tanzania may be forced to count the cost of forgoing a relatively successful regional grouping in East Africa against political solidarity with Southern Africa’s regional power base — South Africa.
What does the “grand debate” about a United States of Africa have to do with the fate of SA’s provinces?
SA and the rest of southern Africa needed to rationalise trade blocs to allow for stronger and larger regional economic communities, said Finance Minister Trevor Manuel yesterday.
Indian interest in the South African economy is growing apace. Planned investments by Indian companies in SA over the coming years reportedly add up to billions of rands.
Government today said a trilateral agreement with trade bloc Mercosur and South Africa Customs Union (SACU) is under consideration to widen the scope of South-South Cooperation.
The United States currently has no FTAs with countries in sub-Saharan Africa. The Bush Administration is pursuing alternative means of strengthening its trade and investment relationships
with key African partners, including trade and investment framework agreements
(TIFAs), bilateral investment treaties (BITs), and a proposed trade and investment
cooperation agreement (TICA).
Civil society organisations and the business community in southern Africa have called for review of trade policies in order to deepen regional integration.
Trouble. Government has failed to seal a textile tax-free export extension deal with the Southern African Customs Union (Sacu) which now means over 6,000 jobs in the textile industry in the country face uncertain future, Economic Report can reveal.
Namibia’s Minister of Trade and Industry has been instructed by Cabinet to table a trade agreement between southern Africa and the European Union in the National Assembly for ratification.
How time flies! It seems like yesterday when Malawi was celebrating the extension of its free market access to the Southern African Customs Union (Sacu) for textiles but now the country only has 25 days before the deal expires.
The Namibian Manufacturers’ Association (NMA) has spoken out against competition issues and unfair trade practices in the Southern African Customs Union (Sacu).
South Africa is resisting European Union (EU) efforts to treat it differently from its southern African neighbours — a move which could result in the country getting less market access for its exports.
The South African Customs Unions (Sacu) has formally accepted an offer made by the US government to progress a so-called trade and investment cooperation agreement (Tica), following the breakdown of the more ambitious free-trade agreement (FTA) talks earlier in the year.
Negotiations towards a free trade agreement with the US have "all but come to a halt", according to Tshediso Matona, the director-general of South Africa’s department of trade and industry.
Swaziland’s private sector has raised concern on which direction the country would take in 2008 when the Common Market for East and Southern Africa (COMESA) assumes a customs union status.
The Federation of Swaziland Employers and Chamber of Commerce (FSE & CC) has commended the country for its alignment with economic groupings for access to international trade.
India has undertaken a study of its existing free trade agreements (FTAs) like Safta and the proposed ones like Asean FTA and Southern African Customs Union FTA.
The Prime Minister of India, H.E. Manmohan Singh, the President of Brazil, H.E. Luiz Inácio Lula da Silva, and the President of South Africa, H.E. Thabo Mbeki, expressed their full support and commitment to the expeditious establishment of the Working Group to focus on the modalities for the envisaged India-Mercosur-SACU Trilateral Free Trade Agreement (T-FTA).
After a lull in the first half of the year, there appears to be movement on various fronts of SA’s trade agenda.