SACU

1. S A C U Osipov E.

2. 1.

3. 1910 The Southern African Customs Union (SACU) has been established in 1910 1969 Signing of the revised Agreement in 1969 which recognises the unbalanced development of the Member States of SACU 2002 SACU is now subject to a new regulatory framework that provides modern, rule-based regulation that is in line with the idea of a Customs Union South African Party, before 1910

4. 1910 The Southern African Customs Union (SACU) has been established in 1910 1969 Signing of the revised Agreement in 1969 which recognises the unbalanced development of the Member States of SACU 2002 SACU is now subject to a new regulatory framework that provides modern, rule-based regulation that is in line with the idea of a Customs Union Meanwhile, in the fight toend South Africa'sbrutalapartheidregime, 1970

5. 1910 The Southern African Customs Union (SACU) has been established in 1910 1969 Signing of the revised Agreement in 1969 which recognises the unbalanced development of the Member States of SACU 2002 SACU is now subject to a new regulatory framework that provides modern, rule-based regulation that is in line with the idea of a Customs Union The WCO and the SACU Region agreement, 2018

6. Structure

7. Structure Council of Ministers Commission Tribunal Secretariat Responsible for day-to-day operations of the pool. It would be funded from the revenue pool. An administrative body composed of senior officials, three technical liaison committees and an established Agricultural Liaison Committee. An independent body of experts. It would report directly to the Council of Ministers. The tribunal would be responsible for tariff-setting and the anti-dumping mechanism. Consisting of one minister from each SACU member state, it would be the supreme SACU decision-making body and would meet quarterly.

8. To facilitatethecross-bordermovement of goodsbetweentheterritories of theMember States; To createeffectivetransparentanddemocraticinstitutionswhichwillensureequitabletradebenefitstoMember States; To promoteconditions of faircompetitioninthe Common Customs Area; To substantiallyincreaseinvestmentopportunitiesinthe Common Customs Area; To enhancetheeconomicdevelopmentdiversification, industrializationandcompetitiveness of Member States; To promotetheintegration of Member States intotheglobaleconomythroughenhancedtradeandinvestment; To facilitatetheequitablesharing of revenuearisingfromcustomsexciseandadditionaldutiesleviedbyMember States; To facilitatethedevelopment of commonpoliciesandstrategies

9. 2.

10. MAIN EXPORT MARKETS: EU China United States of America India Saudi Arabia

11. Share Intra SACU imports, % Export structure (main): Eswatini cosmetics, sugar, chemicals, textile Lesotho textile, food Botswana diamonds, animals, precious metals, mineral fuels Namibia diamonds, mineral fuels, animals, fish, other food South Africa almost everything

12. SACU’S Revenue Sharing Formula Customs Component Development Component Excise Component + + The share of each member based on the share of intra-SACU imports. 85% of the total excise revenue which was disbursed purely by the share of the GDP of each of the SACU members 15% distributed in inverse proportion to the GDP per capita of each member.

13. 3.

14. SACU and pre-SACU Revenues as a Percentage of Total Botswana Government Revenue

15. Conclusion