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.
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.