A SACU statement released on Wednesday indicates that the ministers will tackle touchy topics such as the revision of the revenue sharing formula, management of the Common Revenue Pool and trade talks with the European Union.
"The Council of Ministers will receive a report on the review of the revenue sharing arrangement which considered member states proposals on a new revenue sharing arrangement, and the use of the variation of Leith model to estimate the cost raising/lowering effect in member states," the SACU secretariat says in the statement.In April, SACU ACU executive secretary Tswelopele Moremi told BusinessWeek that states had already agreed that whatever the new formula, no member should be worse off under the new arrangement.She said countries had agreed that allocations should be developmental in focus and not simply distributive and also that the revenue sharing arrangement should promote economic convergence among member states.While today's meeting will see ministers consider the latest proposals on the formula, the council is only expected to reach a final decision at a key meeting in December. Secretariat officials also said ministers at today's Windhoek meeting would receive an update on progress towards a long-term arrangement on the management of the Common Revenue Pool (CRP).
