ISDS Case Map
SACU
Southern Africa Customs Union
New Delhi to explore potential trade pacts with individual countries.
The two countries agreed to hold trade monitoring mechanism and CEOs forums to explore potential areas of collaborations.
Delays in finalising a Preferential Trade Agreement (PTA) between India and the Southern African Customs Union (SACU) have been largely caused by different processes in Indian states and resistance to New Delhi's wide-ranging goods list, a senior official said here.
Some petty "sovereign" economic interests are the main reason why a billion dynamic people in Africa with such incredible natural resources continue to live in poverty.
The Southern African Customs Union (Sacu) said on Tuesday it was still committed to negotiations with India over a delayed preferential trade agreement (PTA).
The increasing amount of trade between Namibia and India is expected to balloon even further once the India-Southern African Customs Union Preferential Free Trade Agreement is finalised.
Late last year, the African cyberspace was buzzing with rumours that the region’s oldest trade agreement, the Southern African Customs Union or SACU was about to be finally killed off by South Africa. From Windhoek to Cape Town to Mbabane, trade policy wonks were debating what the most recent moves from Pretoria regarding SACU really meant.
Namibia’s principled refusal to get bullied into an agreement against what it considered its own best interests has served as an example for other countries originally more willing to give in to the pressure exerted by EU
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.”
