| Minister of Trade and Industry Dr Rob Davies and the Minister of Finance Mr Tito Mboweni are in Maseru, Lesotho where they will attend the Southern African Customs Union (SACU) Council of Minister meeting today, 25 April 2019. Lesotho is the current chair of SACU for the period 16 July 2018 to 15 July 2019.
The Member States of SACU are Botswana, Eswatini, Lesotho, Namibia and South Africa. The meeting will deliberate on matters internal to SACU such as the administration of the customs union, negotiations with third countries or regions, including, the Africa Continental Free Trade Area negotiations, the SACU-COMESA –EAC Tripartite Free Trade Area negotiations, implementation of the SADC-EU Economic Partnership Agreement, review of the SACU-European Free Trade Association (EFTA) Free Trade Agreement (FTA). The meeting is preceded by meetings of Senior Officials of Finance and Trade and Industry.
As a customs union, SACU levies a common external tariff, collect revenue from the common external tariff into a common revenue pool and share it according to an agreed formula. The customs Union established a Secretariat which manages the affairs of the customs union and reports quarterly to the Senior Finance and Trade and Industry Officials and subsequently to the Council of Ministers.
Enquiries:
Sidwell Medupe-Departmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
Issued by: The Department of Trade and Industry
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