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22 May 2013 | |
Trade NegotiationsOverviewOne of the Objectives of the 2002 SACU Agreement provides for the promotion of the integration of Member States into the global economy through enhanced trade and investment. There is the particular challenge of economic diversity and of uneven development within the SACU region and the key response to this challenge is for SACU Members to identify common interests on regional issues and global trade as well as the priority trade links that SACU should pursue, from which all SACU members can benefit. The basic motivation for a global trade strategy for SACU is to achieve sustained economic growth on the basis of export and investment expansion, as articulated in the United Nations Millennium Development Goals. The obligations of SACU Members under the Multilateral and Bilateral Trade Negotiations function are contained in Part 5 of the 2002 SACU Agreement, dealing with Trade Liberalization, and specifically in Article 31 on Trade Relations with Third Parties. Trade LiberalizationTrade Liberalization is contained in Part five of the 2002 SACU Agreement. It covers the following areas:
Trade Relations with 3rd PartiesArticle 31 of the 2002 SACU Agreement states that No Member State shall enter into new preferential trade arrangement with third parties or amend existing arrangements without the consent of other member States. Agreements completed:
Ongoing negotiations:
Future negotiations:
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