SACU
Proper noun
Meaning
SACU
Initialism of Southern African Customs Union.
Anagrams
Examples
Botswana is part of the Southern African Customs Union ( SACU ) with South Africa, Lesotho, Swaziland, and Namibia.
As a member of the Southern African Customs Union (SACU) and Common Market for Eastern and Southern Africa (COMESA), its main local trading partner is South Africa.
Following South Africa's accession to the World Trade Organization (WTO), Botswana also joined; many of the SACU duties are thus declining, making products from outside the area more competitive in Botswana.
In his testimony, Com Nyakutsikwa told the court that he noted that people employed under SACU, including its director Mr Thabani Mpofu and his deputy Mr Pearson Mbalekwa, were not public officials.
Also, given the non-resolution of the MFN clause, should SACU extend better terms in a trade agreement to a third party, the BLS countries will have to extend the same to the EU.
And to close this gap the Windhoek-based Secretariat has developed a SACU statistical database, which according to Moremi shall be the “central depositary for all kinds of economic data.”