Uk Sacu Agreement

documents containing contractual information and a summary of the trade agreement between the United Kingdom and the Member States of the South African Customs Union and Mozambique. For more information, see: EU Trade Agreement with Southern African Development Community (SADC) countries Members were invited to recommend approval of the new Economic Partnership Agreement between the UNITED Kingdom and South Africa. This agreement should not replace the current EPA, but rather serve as an insurance policy for the country in case Britain decides to leave the European Union (EU) Customs Union. This agreement would guarantee South Africa`s privileged access to the UK market. This was important because the UK was one of the country`s main trading partners, with trade between the two countries totalling R140 billion in the 2018-19 financial year. President MI Rayi (ANC) said the meeting would include presentations from both the Ministry of Trade and Industry and the Ministry of Tourism. The Committee would first hear an explanation of the Economic Partnership Agreement between the South African Customs Union (SACU) and Mozambique (sacum together). The 2018/19 annual performance report for the tourism department would be presented in the aftermath. DTI: Trade with Britain after Brexit Ambassador Xavier Carim, Deputy Director General: Department of International Trade and Economic Development, Department of Trade and Industry (DTI), first explained the context and context of Brexit. The United Kingdom (UK) voted to leave the European Union (EU) in June 2016. Article 50 of the EU Treaty was adopted on 29 March 2017 by the UK, which gave it two years to negotiate its withdrawal and lay the stage for a future relationship with the EU.

The UK was due to leave the EU on 31 October 2019, but this had been delayed and a new deadline of 31 January 2020. The Brexit dilemma has created great uncertainty about the future of South Africa, Mozambique and the South African Customs Union`s (SACU) trade relations with Britain. In this context, the new SACUM-UK Economic Partnership Agreement (CEPOL) with the United Kingdom had to be considered. This was an insurance for the continuation of preferential trade between the SACUM countries and the United Kingdom in order to continue, in the possibility that the United Kingdom could leave the EU without an agreement. Trade with SACUM was established under an agreement with the EU that entered into force in 2016. . .