President attends customs union summit

Friday, June 29, 2018

President Cyril Ramaphosa arrived in Botswana for the 6th Southern African Customs Union (SACU) Summit.

SACU is the oldest customs union in the world and is constituted of Botswana, Lesotho, Namibia, South Africa and Swaziland.

The Summit of Heads of States and Government meets on an annual basis to discuss progress on the implementation of the agreed SACU Work Programme. 
 
This year’s summit, according to the Presidency, will consider the progress made so far by the Two Ministerial Task Teams on Trade and Industry and Finance, which were established in 2017 to facilitate the review of the 2002 SACU Agreement.
 
The summit is also anticipated to provide a strategic direction on the region’s development integration agenda which aims to promote regional economic integration, industrialisation and economic diversification of SACU economies. 
 
The President is accompanied by the Minister of Trade and Industry Rob Davies and the Minister of Finance Nhlanhla Nene. – SAnews.gov.za

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