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SACU – EFTA FREE TRADE AREA

SACU – EFTA FREE TRADE AREA. The European Union. A customs union, like SACU Principle of the “ acquis de communataire” EU enlargements: * 1973 * 1981 * 1986 * 1995 * 2004 * 2007 (foreseen for Bulgaria and Romania) . EU 15. Cyprus Czech Republic

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SACU – EFTA FREE TRADE AREA

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  1. SACU – EFTA FREE TRADE AREA

  2. The European Union • A customs union, like SACU • Principle of the “acquis de communataire” • EU enlargements: * 1973 * 1981 * 1986 * 1995 * 2004 * 2007 (foreseen for Bulgaria and Romania)

  3. EU 15

  4. Cyprus Czech Republic Estonia Hungary Latvia Lithuania Malta Poland Slovenia Slovakia EU Enlargement 2004

  5. European Free Trade Association • Iceland, Norway, Switzerland, Liechtenstein • Not a customs union • Closely integrated with the EU • Trails the EU in relation to 3rd countries • But does not have the common policies and pooling of resources as the EU has

  6. POLITICAL ECONOMY • SA trade policy vis-à-vis Europe * Harmonisation on the back of the TDCA * Single trading regime: SADC-EU • SACU – EFTA * Built SACU’s common policies * Would inform the review of the TDCA

  7. ECONOMIC RATIONALE • Contractual versus unilateral access • GSP versus FTA • Small but wealthy markets • Clothing and textiles stand to benefit

  8. SCOPE OF MAIN AGREEMENT • Trade in goods * Tariff liberalisation * Subject to rules of origin • New generation issues * Only cooporative provisions * Rendez-vous clause

  9. CONTENT OF MAIN AGREEMENT

  10. Liberalisation schedules

  11. ADMINISTRATION • Single SACU origin

  12. State of play • All 9 parties committed to ratify before end of November • If that is achieved, agreement to enter into force on 01/01/07

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