The US and SACU began four days of new talks aimed at concluding a free trade agreement by the end of this year, with some U.S. officials now saying, however, that the year-end deadline for completing the talks will likely be missed.
South African businesses are asleep as to how Free Trade Agreements (FTA) would impact on their business and their competitive position, says Standard Bank group economist Iraj Abedian.
The five-nation Southern African Customs Union (SACU) and the United States on Tuesday began talks in the tiny kingdom of Lesotho to finalise a free trade agreement due to be drawn up by the end of this year.
This Sunday, trade representatives from member states of the Southern African Customs Union (SACU) will meet their counterparts from the United States in Walvis Bay, to resume negotiations for a bilateral Free Trade Agreement, expected to be concluded by the end of this year.
The fourth round of negotiations between the Southern African Customs Union and the US took place this weekend in Walvis Bay, Namibia.