A call was made for member states of the Southern African Customs Union (SACU) to accelerate reforms by President Cyril Ramaphosa at the 9th SACU Summit in Cape Town last week.
Southern African Customs Union (SACU) should accelerate reforms, President Cyril Ramaphosa said at the 9th SACU Summit in Cape Town.
Ramaphosa said that cooperation between SACU member states is essential to help the bloc respond to a changing global trade environment.
“SACU comprises Botswana, Eswatini, Lesotho, Namibia, and South Africa. The summit considered regional and global developments affecting the customs union, including growing protectionist measures and shifts in international trade. Leaders endorsed recommendations from the SACU Ministerial Retreat held on 24 June and noted progress in implementing the SACU Strategic Plan for 2022–2027.”
Ramaphosa added that work had begun on regional value chains in fertilisers, agrochemicals and seed production, while initiatives in the automotive and battery manufacturing sectors were also progressing.
