PRETORIA– South African Trade and Industry Minister Rob Davies is in Namibia to attend the Southern African Customs Union (SACU) Council of Ministers meeting being held in Windhoek on Thursday and Friday.
This is the first quarterly meeting of the financial year 2018/19 to discuss the SACU agenda. The Ministers will discuss among others, the SACU trade negotiations, including the recently launched African Continental Free Trade Area (AfCFTA) and provide strategic guidance, the Department of Trade and Industry (dti) said in a statement here.
While in the Namibian capital, Davies will also attend the inaugural meeting of the Ministerial Task Team on Trade and Industry set up by the SACU Summit in Swaziland in June last year to review the trade and industry aspects of the 2002 SACU Agreement in order to identify critical areas of the agreement to be amended to facilitate the transformation of SACU into a development integration arrangement.
Davis has emphasised that SACU has already identified the critical pillars to advance this objective through a six-point plan, namely: Industrialisation; Trade facilitation; Unified approach to trade negotiations with third parties; Establishment of institutions; Trade in services; and Review of the revenue-sharing arrangement to facilitate the implementation of cross-border projects that promote regional integration.
The review of the 2002 SACU agreement aims to facilitate the implementation of the agreed work programme, said Davies on Wednesday ahead of his departure for Windhoek. The implementation of the six-point plan is central in promoting sustainable development of SACU economies.
Source: NAM NEWS NETWORK