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.
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.