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.
After numerous stakeholder inquiries and intense media commentary, government has finally revealed how it intends to effect the textile and clothing agreement concluded with China in June.
Tanzania is likely to enter into a trade agreement with the Southern African Customs Union (SACU) allowing the East African nation to export textile and clothing material on preferential terms within the trading bloc’s countries.
The stalled Doha negotiations would give SA a valuable opportunity to strengthen technical consultation and tighten relations in the Southern African Customs Union (Sacu) before the trade talks were resumed, SA’s chief trade negotiator, Xavier Carim, said yesterday.
The Cabinet on Thursday cleared a proposal for a framework agreement aimed at promoting expansion of trade and providing a mechanism to negotiate a Comprehensive Free Trade Agreement (CFTA), within a reasonable time, for cooperation between India and the South Africa Customs Union (SACU).
The Member States of the European Free Trade Association (EFTA, comprising Iceland, Liechtenstein, Norway and Switzerland) and the Southern African Customs Union (SACU, comprising Botswana, Lesotho, Namibia, South Africa and Swaziland) signed a free trade agreement on 1 July 2006.
After calling off negotiations on a Free Trade Agreement (FTA) with five Southern African countries last month, the US has indicated its intentions to negotiate new trade arrangements with several African countries including Kenya, Mauritius, Mozambique and Ghana.
What a blow. The Southern African Customs Union (SACU) has not yet made up its mind on extension of the duty-free market access for four textiles and garment exporting countries, including Malawi, Economic Report has learnt.
The Executive Secretary of the Southern African Development Community, Dr Tomaz Augusto Salomao, says exchanges made during his meeting with the Southern African Customs Union Executive Secretary, Tswelopele Moremi, will increase cooperation between SADC and SACU.
The United States and Southern African nations are unlikely to clinch a free trade agreement but will continue talks at a lower level, South Africa’s trade minister said.
The latest round of talks between the US and the five-member Southern African Customs Union (SACU) on a free trade agreement has failed to yield fruits, with many blaming the US for seeking to impose a one-size-fits-all formula.
Today, as US Trade Rep. Robert Portman stepped down to run the Office of Management and Budget, civil society organizations in the US and South Africa are applauding the rejection of the USTR’s efforts to revive the US-Southern Africa Customs Union Free Trade Agreement (US-SACU FTA) negotiations.
US activists for trade justice dubbed the week of April 16 as the week of action. By the end of the week, thanks to key events revealing an unraveling of the Bush administration’s free trade agenda, trade activists campaigning for a more just global trade system celebrated victory.
The road to US duy-free access could be longer than expected for a series of emerging countries. While Pakistan was recently refused that textiles and apparel benefit from preferential treatment, chances of duty-free access for Bangladesh, Sri Lanka or Cambodia are progressively fading.