EAC-Sacu tariff negotiations to conclude by end-July
The tariff schedule negotiations under the free trade agreement (FTA) between partners in the East African Community (EAC) and the Southern African Customs Union (Sacu) are expected to be concluded by the end of this month.
The tariff schedules were an important, commercially meaningful step towards the implementation of the tripartite, Common Market for Eastern and Southern Africa, EAC and Southern African Development Community (SADC) FTA, which will create a market of 26 countries, South African Trade and Industry Minister Dr Rob Davies said on the sidelines of the recent Manufacturing Indaba.
Davies delivered a keynote address at the Indaba, outlining the regional and local development industrialisation plans that were under way to jump-start South Africa’s lagging manufacturing sector and reverse the country’s deindustrialisation.
When the tariff schedules are concluded, they will open up more opportunities for trade for Sacu members.
This is particularly critical as South Africa and other African countries move to pursue their own reindustrialisation ambitions.
South Africa’s horizon in terms of industrialisation has to be regional, as none of Africa’s countries have the size or market to support their own deep industrialisation or to support industrialisation that takes place in other regions on the continent, he told delegates.
Deep industrialisation will depend on South Africa creating large regional markets and expanding the free trade areas in the SADC and other regional economic communities, thereby promoting more intra-Africa trade.
The approach was similar to trends adopted in successful emerging economies, Davies said, citing countries like India and China, which were building their domestic markets as the basis to expand their productive capabilities and move up the value chain.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.
VISIT SHOWROOM
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
