Cabinet has directed the finance ministry to develop policies that would reduce the country’s heavy reliance on the Southern Africa Customs Union revenue.
This directive was issued during last week’s Cabinet meeting in Windhoek.
The African Continental Free Trade Area (ACFTA) will be launched on 7 July 2019 in Niamey, Niger, by the Heads of State and Government at an extraordinary summit of the African Union.
Issue with “cumulation,” which relates to certificates of origin required by exporters to both regions and differences in relation to timeframes for the continued recognition of sanitary and phytosanitary import requirements are not resolved.
Substantial progress has made to conclude a Roll-Over Economic Partnership Agreement between SACU, Mozambique and the UK.
The SA government has been working in the background to ensure that trade arrangements with the UK and EU are uninterrupted while the UK exits from the EU.
To avoid trade disruption, SACU+Mozambique and UK have decided to roll-over the EPA into a standalone trade agreement with the UK.
The Southern African Customs Union is close to finalising a deal with the UK to replicate the existing economic partnership agreement which the customs union has with the EU, says South African trade and industry minister.
Progress was made on a future UK, SACU, and Mozambique EPA that will ensure that the parties maintain the current market access and replicate the effects of the existing EU-SADC EPA.
The Southern African Customs Union, Mozambique and the European Union have started talks to conclude a new economic partnership agreement with post-Brexit Britain.
Various steps have been taken by the Indian Government to enhance trade and commercial relations with African countries.
The United Kingdom has reaffirmed its commitment to continue trading with SADC EPA countries under the current trade arrangement despite its withdrawal from the European Union (EU).
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.