SACU Approves PTA With MERCOSUR

Monday, July 07, 2008

The SACU Council Of Ministers meeting held on June 27 in South Africa has approved the SACU-MERCOSUR Preferential Trade Agreement (PTA) negotiations concluded in April, a statement said last week.

The SACU-MERCOSUR PTA Agreement is aimed at promoting trade between the two sides on a selected number of products. It contains 1 000 tariff lines on both sides for which preferences will be granted.

"The PTA is significant in that it is the first trade agreement concluded by SACU as a single entity," said the SACU secretariat.

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