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Image File history File links SACU.PNG Summary Southern African Customs Union Licensing Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ...
Image File history File links SACU.PNG Summary Southern African Customs Union Licensing Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1. ...
Origins The Southern African Customs Union (SACU) came into existence on December 11, 1969 with the signature of the Customs Union Agreement between South Africa, Botswana, Lesotho, Namibia and Swaziland. It entered into force on March 1, 1970, thereby replacing the Customs Union Agreement of 1910. December 11 is the 345th day (346th in leap years) of the year in the Gregorian calendar. ...
1969 (MCMLXIX) was a common year starting on Wednesday (the link is to a full 1969 calendar). ...
March 1 is the 60th day of the year in the Gregorian calendar (61st in leap years). ...
1970 (MCMLXX) was a common year starting on Thursday (the link is to a full 1970 calendar). ...
Functions and organization SACU is the oldest Customs Union in the world. It meets annually to discuss matters related to the Agreement. There are also technical liaison committees, namely the Customs Technical Liaison Committee, the Trade and Industry Liaison committee and the Ad hoc Sub-Committee on Agriculture, which meet three times a year.
Its aim is to maintain the free interchange of goods between member countries. It provides for a common external tariff and a common excise tariff to this common customs area. All customs and excise collected in the common customs area are paid into South Africa’ national Revenue Fund. The Revenue is shared among members according to a revenue-sharing formula as described in the agreement. South Africa is the custodian of this pool. Only the BLNS Member States' shares are calculated with South Africa receiving the residual. SACU revenue constitutes a substantial share of the state revenue of the BLNS countries.
Latest developments and structure Following the formation of the Government of National Unity in South Africa in April 1994, Member States concurred that the present Agreement should be renegotiated in order to democratise SACU and address the current needs of the SACU Member States more effectively. 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ...
With this in mind, the Ministers of Trade and Industry of the five member states met in Pretoria on November 11, 1994 to discuss the renegotiation of the 1969 agreement. The Ministers appointed a Customs Union Task Team (CUTT) which was mandated to make recommendations to the Ministers. CUTT has met on numerous occasions in the various Members States and good progress has been made in the renegotiation process. City motto: Praestantia Praevaleat Pretoria (May Pretoria Be Pre-eminent In Excellence) Province Gauteng Area - % water 1,644 km² 0. ...
November 11 is the 315th day of the year (316th in leap years) in the Gregorian Calendar, with 50 days remaining. ...
1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ...
At a meeting of Ministers of Trade and Finance Departments from the five SACU Member States, held in Centurion, Pretoria on September 5, 2000, the Ministers reached consensus on the principles of underpinning the Institutional reform in the SACU. September 5 is the 248th day of the year (249th in leap years). ...
This article is about the year 2000. ...
The Administrative Institutional structure of the revenue pool that was discussed was agreed to consist of the following:
Council of Ministers: A body represented by one Minister from each SACU member state. It would be the supreme SACU decision-making body and would meet on quarterly basis. The decisions taken by this Council would only be by consensus.
Commission: Administrative body comprised of Senior Officials, three Technical Liaison Committees and an established Agricultural Liaison Committee.
Tribunal: 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.
Secretariat: Responsible for day to day operations of the pool. It would also be funded from the revenue pool. Its location would be determined by Senior Officials who were directed to meet after a period of a month to develop proposals for the implementation of the revised SACU Institutional Structure.
SACU Ministers further agreed that the revenue share accruing to each Member State should be calculated from three basic components:
- a share of the customs pool;
- a share of the excise pool; and
- a share of a development component
Further, it was agreed that these three different components would be distributed as follows: The customs component should be allocated according to each country’s share of total intra-SACU trade, including re-exports.
The excise component, net of the development component, should be allocated on the basis of GDP. The development component should be fixed at 15% of the total excise pool and distributed to all SACU members according to the inverse of each country’s GDP/capita.
By late 2004 SACU was negotiating a Free Trade deal with the United States. The Free Trade deal is scheduled to be signed between it and Iceland in November 2005 and to become active in the beginning of 2006. It has been designated the: International Year of Rice (by the United Nations) International Year to Commemorate the Struggle against Slavery and its Abolition (by UNESCO) 2004 World Health Day topic was Road Safety (by World Health Organization) Year of the Monkey (by the Chinese calendar) See the world in...
2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...
Comparision with other Regional blocs Most active regional blocs
| Regional
bloc 1 | Area (km²) | Population | GDP (PPP) ($US) | Member
states 1 | | in millions | per capita | | EU | 3,977,487 | 460,124,266 | 11,723,816 | 25,480 | 25 | | CARICOM | 462,344 | 14,565,083 | 64,219 | 4,409 | 14+1 3 | | ECOWAS | 5,112,903 | 251,646,263 | 342,519 | 1,361 | 15 | | CEMAC | 3,020,142 | 34,970,529 | 85,136 | 2,435 | 6 | | EAC | 1,763,777 | 97,865,428 | 104,239 | 1,065 | 3 | | CSN | 17,339,153 | 370,158,470 | 2,868,430 | 7,749 | 10 | | GCC | 2,285,844 | 35,869,438 | 536,223 | 14,949 | 6 | | SACU | 2,693,418 | 51,055,878 | 541,433 | 10,605 | 5 | | COMESA | 3,779,427 | 118,950,321 | 141,962 | 1,193 | 5 | | NAFTA | 21,588,638 | 430,495,039 | 12,889,900 | 29,942 | 3 | | ASEAN | 4,400,000 | 553,900,000 | 2,172,000 | 4,044 | 10 | | SAARC | 5,136,740 | 1,467,255,669 | 4,074,031 | 2,777 | 8 | | Agadir | 1,703,910 | 126,066,286 | 513,674 | 4,075 | 4 | | EurAsEC | 20,789,100 | 208,067,618 | 1,689,137 | 8,118 | 6 | | CACM | 422,614 | 37,816,598 | 159,536 | 4,219 | 5 | | PARTA | 528,151 | 7,810,905 | 23,074 | 2,954 | 12+2 3 | Reference
blocs and
countries 2 | Area (km²) | Population | GDP (PPP) ($US) | Political
divisions | | in millions | per capita | | UN | 133,178,011 | 6,411,682,270 | 55,167,630 | 8,604 | 191 | | India | 3,287,590 | 1,102,600,000 | 3,433,000 | 3,100 | 35 | | China | 9,596,960 | 1,306,847,624 | 7,249,000 | 5,200 | 33 | | USA | 9,631,418 | 296,900,571 | 11,190,000 | 39,100 | 50 | | Canada | 9,984,670 | 32,507,874 | 958,700 | 29,800 | 13 | | Russia | 17,075,200 | 143,782,338 | 1,282,000 | 8,900 | 89 | 1 Including data only for full and most active members
2 The first two states in the World by area, population and GDP (PPP)
3 Including non-sovereign autonomous entities of other states A trade bloc is a large free trade area or near-free trade area formed by one or more tax, tariff and trade agreements. ...
The Caribbean Community and Common Market or CARICOM was established by the Treaty of Chaguaramas [1] which came into effect on August 1, 1973. ...
The Economic Community of West African States (ECOWAS) is a regional group of fifteen countries, founded on May 28, 1975 when fifteen West African countries signed the Treaty of Lagos. ...
States of CEMAC The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de lAfrique Centrale) is an organization of states of Central Africa established to promote economic integration among countries that share a common currency, the CFA franc. ...
EAC The three states that make up the East African Community The East African Community (EAC) is a customs union in East Africa, consisting of Kenya, Uganda and Tanzania. ...
The South American Community of Nations (CSN) (Spanish: Comunidad Sudamericana de Naciones, Portuguese: Comunidade Sul-Americana de Nações, Dutch: Zuid-Amerikaanse Statengemeenschap) will be a continent-wide free trade zone that will unite two existing free-trade organizations—Mercosur and the Andean Community—eliminating tariffs for non-sensitive products...
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The Common Market for Eastern and Southern Africa, is a free trade area with twenty one member states stretching from Egypt to Namibia. ...
The North American Free Trade Agreement, known usually as NAFTA, links Canada, the United States, and Mexico in a free trade sphere. ...
Hymn: The ASEAN Hymn Seat of Secretariat Jakarta Secretary General Ong Keng Yong Area - Total 4,480,000 km2 Population - Total (2004) - Density 592,000,000 122. ...
Member states India Pakistan Bangladesh Sri Lanka Afghanistan Nepal Maldives Bhutan Observer nations China (PRC) Japan The South Asian Association for Regional Cooperation, or SAARC, proposed by Ziaur Rahman, the then-president of Bangladesh, was established on December 8, 1985. ...
The Euro-Mediterranean free trade area (EU-MEFTA) is based on the Barcelona Process and European Neighbourhood Policy (ENP). ...
Flag of EurAsEC The Eurasian Economic Community (EurAsEC or EAEC) was put into motion on 10 October 2000 when Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the treaty. ...
The Central American Common Market (abbreviated CACM - in Spanish: Mercado Común Centroamericano, abbreviated MCCA) is an economic trade organization between five nations of Central America. ...
The Pacific Islands Forum is an inter-governmental consultative organ which aims to enhance cooperation between the independent countries of the Pacific Ocean and represent their interests. ...
United Nations - Wikipedia, the free encyclopedia /**/ @import /skins-1. ...
A trade bloc is a large free trade area or near-free trade area formed by one or more tax, tariff and trade agreements. ...
This is a list of the countries of the world sorted by area. ...
Sovereignty is the exclusive right to exercise supreme authority over a geographic region or group of people, such as a nation or a tribe. ...
██ smallest value among the blocs compared ██ largest value among the blocs compared
During 2004. Source: CIA World Factbook 2005, IMF WEO Database World Factbook 2005 cover The World Factbook is an annual publication by the Central Intelligence Agency of the United States with basic almanac-style information about the various countries of the world. ...
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See also A trade bloc is a large free trade area or near-free trade area formed by one or more tax, tariff and trade agreements. ...
To meet Wikipedias quality standards, this article or section may require cleanup. ...
The Common Market for Eastern and Southern Africa, is a free trade area with twenty one member states stretching from Egypt to Namibia. ...
External links - Explanatory website from the South African government
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