South Africa Customs Union (SACU)-India trade agreement

Analysis of SACU-India PTA Request Lists

Introduction to the SACU (South Africa Customs Union)-India PTA (ongoing negotiations)

What it entails

At its meeting in May 2006 in Pretoria, the SACU Council of Ministers mandated the Commission to engage with the Indian Government on the scope and parameters of a possible trade agreement, after which a negotiations framework was developed.

The SACU/India Negotiations for a Preferential Trade Agreement (PTA) started after signing of the Memorandum of Understanding (MoU) in September 2008.

SACU submitted the Offer List in November 2009 to the High Commission, and India has in turn submitted its list, for negotiations to continue.

Benefits

• Access to raw materials at low prices;
• Access to technical development;
• Market access for Botswana’s minerals and/or precious stones;
• Accorded special differential treatment based on the level of development;
• Strengthened economic co-operation ties.

This is a topic of great importance to our economy and could have huge repercussions. SEIFSA will be informing you regularly on the developments of this agreement and how it will affect the Steel and Engineering Industry.

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