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Ramaphosa leads delegation to SACU Summit

SA President Cyril Ramaphosa
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President Cyril Ramaphosa will on Friday morning lead a delegation to the Southern African Customs Union(SACU) Summit in Gabarone, Botswana.

The President will use the gathering to meet the SADC Secretariat to discuss the implementation of regional programmes.

The Heads of State are expected to receive the progress report on the SACU agreement.

Deputy Director General of the Department of Trade and Industries Xolelwa Mlumbi-Peter says in the previous summit member states agreed that there was a need to review the SACU agreement.

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

The Summit of Heads of States and government meet on an annual basis to discuss progress on the implementation of the agreed SACU Work Programme.

This year’s summit will also consider the progress made thus 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 discussions held at the summit will be important for providing strategic direction on the region’s development integration agenda, which aims to promote regional economic integration, industrialization and economic diversification of SACU economies.

President Ramaphosa will be accompanied by the Minister of Trade and Industry, Dr Rob Davies, and the Minister of Finance Mr Nhlanhla Nene.

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