Nations agree in principle to implement interim arrangement based on existing EU partnership deal.
South Africa pressed for revival of the negotiations for the proposed preferential trade agreement between India and five-nation Southern African Customs Union (SACU).
The agreement aims at reducing tariffs for certain products. Tariffs are customs duties on merchandise imports.
SACU has not lived up to the promises of the 2002 Agreement. The failure to fully implement that Agreement has resulted in a regional arrangement in limbo and policy paralysis.
A new Free Trade Agreement between MERCOSUR and the Southern Africa Customs Union (SACU) entered into force on 1 April 2016, providing preference margins of 10%, 25%, 50% and 100% for almost 1,050 tariff items on each side.
New Delhi to explore potential trade pacts with individual countries.
The two countries agreed to hold trade monitoring mechanism and CEOs forums to explore potential areas of collaborations.
Delays in finalising a Preferential Trade Agreement (PTA) between India and the Southern African Customs Union (SACU) have been largely caused by different processes in Indian states and resistance to New Delhi’s wide-ranging goods list, a senior official said here.
Some petty "sovereign" economic interests are the main reason why a billion dynamic people in Africa with such incredible natural resources continue to live in poverty.
The Southern African Customs Union (Sacu) said on Tuesday it was still committed to negotiations with India over a delayed preferential trade agreement (PTA).
The increasing amount of trade between Namibia and India is expected to balloon even further once the India-Southern African Customs Union Preferential Free Trade Agreement is finalised.
Late last year, the African cyberspace was buzzing with rumours that the region’s oldest trade agreement, the Southern African Customs Union or SACU was about to be finally killed off by South Africa. From Windhoek to Cape Town to Mbabane, trade policy wonks were debating what the most recent moves from Pretoria regarding SACU really meant.
Namibia’s principled refusal to get bullied into an agreement against what it considered its own best interests has served as an example for other countries originally more willing to give in to the pressure exerted by EU
Namibia Dairies has applied to the Ministry of Trade and Industry for the introduction of ’Quantitive Restrictions’; a move that will limit the amount of imported dairy products into Namibia.
The current episode between some African countries and European Union over the Economic Partnership Agreement (EPA) proves to a great extent what Franz Fanon talks about when he says: “The new day which is already at hand must find us firm, prudent and resolute.”
India and South African nations are expected to conclude a preferential trade agreement by the end of this year, aimed at reducing tariffs on certain items traded between the two sides.
Union Commerce, Industry and Textiles Minister nand Sharma and Rob Davies, Minister of Trade and Industry of South Africa, reviewed the India- Southern African Custom Union (SACU) Preferential Trade Agreement (PTA) negotiations in Johannesburg today.
Chile views the recently finalised memorandum of understanding (MoU) on the creation of a Joint Trade and Investment Commission with South Africa as the starting point for the negotiation of a preferential trade agreement (PTA) with the Southern African Customs Union (Sacu).
India is expected to sign the much-awaited preferential trade agreement (PTA) with South Africa Customs Union (SACU) by the first quarter of 2012, as both sides are currently engaged in active negotiations on seeking greater access of each others’ markets and easier movement of professionals.
The country’s draft policy on industrialisation is finally ready for public discussion after years of private sector grousing over its absence and the consequent devastating effects on Namibia’s overall market competitiveness.