Southern African Customs Union

(redirected from Southern Africa Customs Union)

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 ?

He said the entry into force last year of the Preferential Trade Agreement between the Southern Africa Customs Union (SACU) and MERCOSUR (which is a customs union between Argentina, Brazil, Paraguay and Uruguay) was a significant achievement.

Botswana, Brazil trade improves significantly

The priority remains leveraging market access opportunities that arise from AGOA and there are currently no discussions on a Free Trade Agreement with the US within the Southern Africa Customs Union.

South Africa : Trade and Industry on AGOA agreement

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.

Interview with Amit Mohan

Besides a weaker outlook for Botswana's two biggest sources of income - diamond revenues and the Southern Africa Customs Union (SACU) receipts, the report noted some key risks posed by ongoing revisions to the national accounts estimates.

Low global demand for diamonds weighs on Botswanas growth

In addition, one of Swaziland's most significant advantages is its membership of the Southern Africa Customs Union (SACU).

Why Swaziland is an investor's dream

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.

Botswana

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.

African customs makes significant improvements

The Southern Africa Customs Union (SACU - Botswana, Lesotho, Namibia, South Africa and Swaziland) is now providing for a deeper level of integration among certain SADC countries.

EU/SOUTHERN AFRICA : ASHTON WANTS TO RELAUNCH EPA PROCESS

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).

International Trade: Intensifying Free Trade Negotiating Agenda Calls for Better Allocation of Staff and Resources

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).

Tobacco levy introduced in Botswana cause for concern

The Southern Africa Customs Union (SACU) remained the largest market for Namibia's exports ac counting for 36.