SACU DEVELOPMENTS

1

• SACU DEVELOPMENTS
• November 2004

2
NEW DEVELOPMENTS IN SACU

• New SACU Agreement in force - 15 July 2004
• Progress in establishing and operationalising
  SACU institutions
• Commission operational
• SACU Secretariat established in Windhoek
• Member States considering SACU Headquarters
  Agreement with Namibia
  
  
  
  
  
  
  
  
  

3
NEW DEVELOPMENTS IN SACU

• Workshop on Competition Policy (Art. 40) and
  Unfair Trade Practices (Art. 41), 0 August 2004
• Transitional arrangements agreed
• SACU Logo with dti assistance being designed

4
RECENT COUNCIL DECISIONS

• Ministers of Trade now members of Council
• Council confirmed SA will continue managing
  revenue pool until July 2006
• New revenue sharing formula in force
• Final decision on either R2 or R3 options for
  revenue pool management at September 2004 Council
  meeting
• Review of operations of new formula in three
  years   
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5
RECENT COUNCIL DECISIONS

• Standing agenda items for Council meetings
  Taxation harmonisation and Single Border
  Crossing
• Secretariat to have three directorates Corporate
  Services Trade Facilitation and Policy
  Development
• Recruitment upon completion of job descriptions
  and conditions of service
• ITAC to continue (for 1 year) processing SACU
  tariff applications, and empower BLNS on tariff
  matters
• Commission and Secretariat to complete work on
  annexes on Tariff Board and National Bodies.

6
SACU WORK PROGAMME

• Trade Ministers to play a role in SACU strategic
  direction
• Ensure SACU structures (the Council, Customs
  Union Commission and technical liaison
  committees) work
• SACU Tariff Board yet to be appointed
  Transitional measure is ITAC carry out duties of
  Tariff Board
• Annexes to elaborate key provisions of SACU
  Agreement Tariff BoardTribunal Industrial
  Development Policies