The global economic crisis, along with other evolving structural factors within SACU, could cut a P5-billion permanent hole in revenues that Botswana receives from the customs union, the IMF estimates.
The Deputy Minister of Trade and Industry, Tjekero Tweya, tabled a motion in Parliament on Thursday for the ratification of a preferential trade agreement (PTA) between the Southern African Customs Union (Sacu) and South America’s trade bloc, called the Common Market of the South (Mercosur).
Southern African Development Community (SADC) Economic Partnership Agreement (EPA) negotiations are ongoing while efforts are at an advanced stage to consolidate and harmonise market access arrangements for the Southern African Customs Union (SACU), reported Deputy Minister of Trade and Industry Tjekero Tweya in Parliament last Thursday.
After Look East, India is now adding a ’Focus West’ chapter to its trade policy. Under increasing pressure from China, especially in Africa, New Delhi is now moving ahead with plans to sign three comprehensive economic partnership agreements (CEPA) that would include free trade pacts in goods and services. In addition, the government has started work on upgrading its preferential trade agreement (PTA) with Mercosur”comprising Brazil, Argentina, Uruguay and Paraguay”commerce & industry minister Anand Sharma said.
The position taken by Namibia with regard to the signing of the Interim Economic Partnership Agreement (EPA) is commendable and should be a guiding principle for further negotiating trade agreements between Africa and the rest of the world.
The Preferential Trade Agreement (PTA) between India and South Africa Customs Union (SACU) has run into some regulatory issues even as both countries have vowed to achieve bilateral trade worth $15 billion by 2014 from around $10 billion at present.
The Southern African Customs Union has finally agreed on a set of principles to negotiate all future trade agreements, including deals with India and Mercosur, collectively
India and South African nations are expected to sign a trade agreement by the middle of this year, which aims at reducing tariffs on certain items traded between the nations, Commerce and Industry Minister Anand Sharma has said.
South Africa is likely to conclude an economic partnership agreement by the end of this year with the European Union as a member of the Southern African Customs Union, International Relations and Co-operation Minister Maite Nkoana-Mashabane said yesterday.
The Southern African Customs Union (Sacu) has instructed a team of technical experts to draft terms of reference acceptable to all five member states, in order to resolve the contentious issue of an economic partnership agreement with the European Union, President Jacob Zuma said yesterday.
The beleaguered Southern African Customs Union (SACU) has to face up to serious challenges at its upcoming heads of state meeting in October.
A regional SACU civil society conference has recommended that there is a need for a broader regional agenda anchored on the strength of small economies in the region.
President Jacob Zuma said on Monday in opening the India Show that SA would be deepening strategic partnerships with India, especially in the areas of science and technology, agriculture, human resource development and security.
India today said it will explore opportunities for a comprehensive market opening trade pact with South Africa as the two nations are likely to touch the $10 billion bilateral commerce this year.
The Ministry of Trade and Industry is in the process of establishing a national body under the 2002 Southern African Customs Union (SACU) Agreement.
The Southern African Customs Union (Sacu) is in the process of initiating a study of a possible free trade agreement (FTA) with the East African Community (EAC).
WINDHOEK – Southern African Customs Union (SACU) was this week transformed into a modern customs union, ready to shape regional integration for the entire southern Africa.
THE Southern African Customs Union (Sacu) will be transformed from a customs union into a body to deepen regional integration in southern Africa beyond the existing five member states and to “serve as building block of an ever closer community” among the peoples of Southern Africa.
Speaking at the 100th anniversary of the Southern African Customs Union (Sacu) celebration held in Namibia on Thursday, President Jacob Zuma said that the future of the customs union was "undoubtedly in question", if it could not "pursue the unfinished business of the Economic Partnership Agreement (EPA) negotiations as a united group".
Negotiations for a free trade deal between the Southern African Customs Union and the US are not "dead and buried", a US Embassy official said yesterday.