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Seamless movement of goods among member states needed to achieve SACU objectives: Masisi

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President Cyril Ramaphosa has joined four other regional leaders in Botswana to discuss ways to ramp up the movement of goods and services among five Southern African Customs Union (SACU) member states.

The SACU member states include South Africa, Botswana, Lesotho, Namibia, and the Kingdom of Eswatini.

Currently, intra-SACU trade is estimated at around R215 billion with South Africa’s exports standing at around R164 billion while importing goods and services worth R50 billion from other member states.

In his opening address of the 7th Southern African Customs Union summit, SACU Chairperson and Botswana President Mokgweetsi Masisi says to achieve the SACU objectives they need to ensure seamless movement of goods and services among member states.

โ€œGuided by our aspiration for regional industrial development, we need to take lessons from what we could have done differently to inform what we do going forward. This will enable us to efficiently harness our limited resources to implement our post-Covid recovery plan. As members of the customs union, stronger regulatory and administrative collaboration can only aid us in responding in a coordinated manner to facilitate the seamless movement of goods within the common customs area. It is only through mutual partnerships that our people and traders can derive the maximum benefit from what SACU aims to achieve. โ€œ

 

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