Policy Development and Research
SACU Member States, in recognizing the importance of balanced industrial development of the Common Customs Area as an important objective for economic development and pursuant to this, agreed that common policies and strategies with respect to industrial development be developed. SACU has started work on the development of a common industrial policy. Member States have emphasized the urgent need for an industrial policy for SACU as it is an essential step towards the effective operation of the National Bodies and the Tariff Board. It will also be an important component in formulating tariff and trade policy, which has a bearing on revenue sharing arrangements.
The Member States have exchanged their existing policies in order to start a discourse on the meaning and scope of a SACU industrial policy framework and begin to identify its possible components. A SACU Task Team has been formed composing of the Member States contact persons to oversee the development of the industrial policy framework. The Secretariat has undertaken a policy audit review of the documentation submitted and is in the process of developing a discussion document taking all the industrial policy related documentation into account. The discussion document will take into consideration the status and scope of industrial policy development in SACU Member States and also to identify gaps and possible approaches to a ‘common understanding of industrial policy’.
In order to ensure ownership of the industrial policy development framework, Member States have submitted respective concept papers to define their levels of ambition in this regard.