Southern African Customs Union

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Southern African Customs Union

An international organization that establishes the free movement of goods and services across member nations. It also maintains a common tariff policy with respect to countries that are members; that is, members negotiate as a bloc for trade agreements. Established in 1910, it is the oldest extant customs union in the world. Its members are Botswana, Lesotho, Namibia, South Africa and Swaziland.
References in periodicals archive ?
With SACU, they learned to apply sustainable farming methods like mulching, contour digging and intercropping.
South Africa has consistently championed broader regional integration through SACU, SADC and the envisaged Tripartite Free Trade Area (TFTA) that spans Eastern and Southern Africa, in order to correct imbalances in inherited trade relations and generate growth and reduce poverty.
SACU replicates regionally the pattern of imperial hegemony that typified African politics in the early twentieth century.
72) whilst in some countries north of SACU the total retail price of a pack of cigarettes is a fraction this.
Intra-regional, the FDI ranking is more or less even with no clear difference between SADC and SACU, as the SACU countries receive the least aid.
The richest bloc in Africa is the SADC, in which SACU is the largest.
The first round of negotiations for the SACU FTA began on June 3, 2003, in Johannesburg, South Africa.
SACU includes South Africa, Botswana, Lesotho, Namibia and Swaziland.
Transport equipment is one example, where SACU ranks ninth, with exports of US$ 1.
His discussion of prospects for SACU and the consequences of the proposed EU-South Africa Free Trade Area is good, but the potentially devastating implications of the latter for the BLNS countries deserve greater emphasis.
Of this, R44,020 billion comprised imports from the EU and R26,852 billion were exports, thus the SACU runs a deficit in its trade with the EU of R17, 168 billion.