Customs union commission, secretariat, tariff board, technical. The sacu agreement was renegotiated during the mid1990s and culminated in its signing on 21 october 2002. Free trade agreement between the efta states and the sacu states. You can get a no annual fee spurs rewards mastercard and show your support for the silver and black. This report provides an indepth analysis of the legal provisions of the sacu agreement of 2002 dealing with regional cooperation on competition policy and crossborder unfair trade practices. Imports from outside sacu are subject to a common external tariff. Under this agreement several institutions in order to facilitate and support the implementation of the agreement were established. Article 7 of the 2002 sacu agreement lists the institutions of sacu as council of ministers. International trade in goods and services in south africa.
Advice concerning the probable economic effect, under section 1. Sacu legal texts and policy documents sacu tralac trade law. The application was lodged on behalf of the southern african customs union sacu industry by sa bioproducts pty ltd the applicant, being the only producer of l. While the 2002 sacu agreement settled for the establishment of a joint. Investigation into remedial action in the form of safeguards. The new southern african customs union agreement request pdf. Members of sacu are in the process of establishing their own investigating authorities as required by the 2002 sacu agreement. After eight years of negotiations a new agreement was signed in october 2002.
The lesotho revenue authority lra, which was established by act of parliament in 2001 and became operational in 2003, is. It was subsequently renegotiated amongst the five member countries in the mid1990s which culminated in the. Sacli agreement means the agreement establishing sacu, as referred to in thc act. Sacu agreement means the agreement establishing sacu, as referred to in the act. Under the 2002 sacu agreement, the sacu council of ministers is the supreme decisionmaking body for sacu. The creation of the general agreement on tariffs and trade gatt after world war ii and subsequently the present wto was intended to improve human welfare by fostering, inter alia, international trade based upon comparative advantage and global competition. In sadc, the member states have entered into an agreement to phase out all tariffs to zero by 2012. In this paper, we outline the main characteristics of the 2002 agreement and assess whether it meets the negotiators original objectives. Recognising the particular case of sacu established under the southern african customs union agreement, 2002, between the governments of the republic of botswana, the kingdom of eswatini1, the kingdom of lesotho, the republic of namibia and the republic of south africa, signed on 21 october 2002 sacu agreement. Ssouthern african customs union free trade agreement. With the independence of namibia in 1990 and the end of apartheid in south africa in 1994, sacu members embarked on new negotiations in november 1994, which culminated in a new sacu agreement in 2002 which it is the current one. The southern african customs union sacu is the oldest functioning customs union in africa kirk and stern, 2005. These institutions include the council of ministers, the commission, the technical liaison committees, sacu bodies, such as a tariff board, and a sacu. The main import countries are germany, usa and uk while the biggest export countries are uk, usa and japan.
It establishes sacu as an international organization and confers the necessary legal status on the organization. They found that south africa has comparative advantage in the production of. Articles 40 and 41 of the sacu agreement among the five member states botswana, lesotho, namibia, south africa and swaziland. Goods grown, produced or manufactured in the common. Pdf this paper studies the evolution of the southern african customs union sacu. He analyzes the progress made toward trade liberalization in each region, how the rtas are financed, their trade remedy and judicial regimes, and how. New institutional features include the council of ministers, responsible for taking decisions on all matters pertaining to the sacu agreement, a sacu tariff body responsible for making recommendations to the council on tariffs and trade remedies, a small sacu. The southern african customs union sacu is a single customs territory and has a common external customs tariff. Southern african customs union sacu agreement of 2002 to. From its origins in 1910 sacu has been characterized by striking asymmetries in policies, levelsof development and administrative capacity. Sacu countries do not charge import tariffs among themselves, because they are in a customs union.
In its long history, the sacu agreement has undergone various renegotiations, with the most recent agreement of 2002 being even more comprehensive than earlier versions. Following receipt of a request on november 7, 2002, from the united states trade representative ustr, the commission instituted investigation nos. Objectives of the new agreement amazon web services. In its long history, the sacu agreement has undergone various renegotiations, with the most recent agreement of 2002 being. Sacu fta bilateral negotiations were initiated in june 2003. The cotonou agreement, coming into force in 2000, envisaged the creation of reciprocal trade agreements between the eu and regional blocks of acp countries by establishing so called epas economic partnership agreements. The sections of the handbook can also be downloaded individually on the acu site.
You can download this page as a pdf using your browsers print functionality. Botswana, lesotho, namibia, south africa and eswatini formerly swaziland. The 2002 sacu agreement, which became fully operational in 2004, provided for a more democratic structure that reduces reliance on south africa for administrative decisions. Mobile deposit, sacus remote deposit capture services. Sacu shall be an international organization, and shall have legal personality with capacity and power to enter into contracts, acquire, own or. The sacu agreement dates back to 1910 when the then union of south africa and the socalled high commission territories of bechuanaland, basutoland and swaziland signed a customs union agreement. The sacu agreement was renegotiated in 1969 when namibia gained independence from south africa and became a contracting party to the agreement. The revised sacu agreement provides for accession by. Enjoy a reduced annual percentage rate apr for the first six billing cycles plus great rates on everything from purchase to balance transfers and cash. In order to include sacus tax revenue sharing formula, we modified the standard gtap model following mcdonald and walmsley 2001. Southern african customs union agreement 2002 as amended on 12 april 20 26 apr 2016.
A new southern african customs union agreement the 2002 sacu agreement entered into force on 15 july 2004. Comparative advantage in the southern africa customs union sacu. Its members are botswana, lesotho, namibia, swaziland blns countries and the republic of south africa. Comparative advantage in the southern africa customs union. Health expenditure implications of sacus revenue volatility. Articles 40 and 41 of the sacu agreement among the five member states botswana, lesotho.
Challenges to implement bpm6 in southern african customs union. Copies of the acu handbook for 2019 can be downloaded here. The bilateral fta negotiations have now been replaced by an effort to negotiate a framework agreement covering trade and investment issues and. Sacu agreement 2002 pdf download download zone 261 movie. All sadc countries are implementing the agreement, except for angola, seychelles and the democratic republic of congo. Pdf comparative advantage in the southern africa customs. But following a number of official meetings, the negotiations were deadlocked over a series of issues of concern to the sacu. The agreement set up a council of ministers com as the. Notice of the initiation of the investigation was published in notice no. Sacu member states deposit their customs and excise collections in a common revenue pool crp, which they share using a formula that has evolved over the years.
Sacus means, as per the sacu ageement of 2002, the southern african customs union between b c d e the republic of botswana. Introduction this report on the respect of internationally recognised core labour standards in the five countries of the sacu is one of the series the icftu is producing in accordance with the ministerial declaration adopted at the first ministerial conference of the world trade organisation wto singapore, 9 december 1996. Sacu member states deposit their customs and excise collections in a common revenue pool crp, which they share using a formula that has evolved over the. This may assist the country with the protection of strategic industries of national importance and enable these industries to compete with wellestablished industries within the customs union and beyond. The council is supported by the commission of senior officials a group of technical experts and a sacu secretariat, located in windhoek, namibia. There is established the southern african customs union hereinafter referred to as sacu. Tariff board means the sacu tariff board established by article 7 of the sacu agreement. On november 4, 2002, united states trade representative ustr robert b. Originally known as the southern african development coordination conference sadcc, the sadc was launched on 1 april 1980. In addition to this agreement, the use of sacus remote deposit capture services is governed by your deposit account contract and electronic fund transfer disclosures, and any other agreement between you and sacu. It was subsequently renegotiated amongst the five member countries in the mid1990s which culminated in the signing of the new sacu agreement in october 2002. According to draper, halleson and alves 2007, sacu was formed in 1910. It provides for further harmonization of policies in a number of areas, including customs procedures, standards, technical regulations, sps measures, competition, and unfair trade practices, but alignment in these areas has not.
In relation to sacu, the meaning to be attributed to parties or party in each case is to be deduced from the relevant provisions of this agreement and from the respective competencies of sacu and the sacu states as they follow from the sacu agreement 2002, as amended from time to time. Its headquarters are in the namibian capital, windhoek. The unveiling of the new southern african customs union sacu agreement in 2002 inaugurated new democratic institutional structures for sacu. Objectives of the 2002 sacu agreement article 2 of the 2002. The sacu agreement that is currently in place, was published in notice r. The southern african customs union sacu is a customs union among five countries of southern africa. The sacu agreement, 2002 covers trade in goods, agriculture and trade facilitation. The author argues that african regional trade agreements rtas are best understood as flexible legal regimes particularly given their commitment to variable geometry and multiple memberships. Sacu there has been substantial progress in the negotiation of a new sacu agreement.
African regional trade agreements as legal regimes by james. The provisions of this agreement apply to the trade and economic relations between, on the. The headquarters of sacu shall be in windhoek in the republic of namibia. They found that south africa has comparative advantage in the production of 727. Scope of regulations these regulations apply exclusively to investigations, and the applications that foini part of such investigations, for. Southern african customs union sacu agreement 2002.
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