Uk Sacu Agreement

President MI Rayi (ANC) indicated that the meeting would include presentations from both the Ministry of Trade and Industry and the Ministry of Tourism. The Committee will first hear the presentation in the Economic Partnership Agreement between the South African Customs Union (SACU) and Mozambique (together SACUM). The 2018/19 annual report on the performance of the Ministry of Tourism is then presented. DTI: Trade with Britain after the Brexit ambassador, Xavier Carim, Deputy Director General: Department of International Trade and Economic Development, Department of Trade and Industry (DTI), first outlined the context and context of Brexit. The United Kingdom (UNITED Kingdom) voted in favour of leaving the European Union (EU) in June 2016. Article 50 of the EU Treaty was invoked on 29 March 2017 by the UK, which gave it two years to negotiate its withdrawal and laid the groundwork for future relations with the EU. The UK was due to leave the EU on 31 October 2019, but this had been delayed and a new deadline had been set for 31 January 2020. Following the Brexit dilemma, there had been great uncertainty about the future of South Africa, Mozambique and the South African Customs Union (SACU) trade relationship with the United Kingdom. It was in this context that the new SACUM-UK (EPA) Economic Partnership Agreement with the United Kingdom had to be considered. This was an assurance 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 a deal. Trade with SACUM was concluded as part of an agreement with the EU that came into force in 2016.

Sacum has enjoyed wide preferential access to the EU market in a range of markets, with the exception of aluminium and some agricultural products. In addition, specific rules of origin have been negotiated between the different parties, setting the level of the quantity of products on site in order to obtain preferential access defined in the EPA. Traditional parts of the trade agreement include trade remedies to combat unfair trade practices. This had been defined in the EPA with the EU. Another commercial means was a safeguard measure that increased import duties in the event of a threat of harm to the local market.