Progress in SA-EU negotiations auspicious for SACU - Malin

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The deadlock in trade negotiations between the EU and South Africa that threatened to break the world's oldest customs union, the Southern African Customs Union (SACU), is set to ease off, thanks to progress being made in ironing out differences between the two parties.

Speaking to Mmegi Business Week in Gaborone this week, the Head of Delegation of the EU in Botswana, Paul Malin said he was confident SACU would stay intact after the EU softened its stance and agreed to apply a common tariff to its exports to the region.

This was the contentious issue that led to a breakdown in negotiations when South Africa insisted on a Common External Tariff (CET) for the southern African region inspite of its separate trade agreement with the EU - the Trade, Development Cooperation Agreement (TDCA).

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