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 ?
Namibia is highly dependent on foreign imports, in particular food and oil and it has a significant dependence on Southern Africa Customs Union (SACU) revenue.
In addition, one of Swaziland's most significant advantages is its membership of the Southern Africa Customs Union (SACU).
The Southern Africa Customs Union (SACU), comprised of Botswana, Namibia, Lesotho, Swaziland, and South Africa, dates from 1910, and is the world's oldest customs union.
Customs duties within the Southern African Development Community, a 14 member- bloc, do not exist for most goods, including cigarettes, but excise taxes vary (mirroring the situation in the European Union) between the Southern Africa Customs Union (SACU), which consists of Botswana, Lesotho, Namibia, South Africa and Swaziland and the rest of SADC, for instance Zimbabwe, Zambia, Mozambique and Angola.
The Trade Representative used 13 factors in selecting four potential FTA partners in 2002 (Australia; the Central American Free Trade Area, a subregional group of five Central American countries; the Southern Africa Customs Union of five countries; and Morocco).
The introduction of a 30% levy on tobacco and tobacco products by the government of Botswana on 14 February is a cause for concern not only for the country but also Southern Africa Customs Union (SACU).
The Southern Africa Customs Union (SACU) remained the largest market for Namibia's exports ac counting for 36.
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