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What does SACU stand for?

SACU stands for South Africa Customs Union


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Opening Statement by South Africa, Spokesperson on behalf of the Southern African Customs union (SACU) on the occassion of the 4th WTO Trade Policy Review of SACU I wish to remind Members that the Southern African Customs Union dates back to 1910, making it the oldest Customs Union in the world. Following the attainment of independence by the British Overseas Territories in the mid-1960s, a new Agreement was signed on 11 December 1969 by the sovereign states of Botswana, Lesotho and Swaziland (BLS), as well as South Africa.
At the time of unification the bulk of cargo destined for the Witwatersrand area entered through Lourenço Marques (now Maputo in Mozambique) owing largely to the relative distance and the ZARs policy of reducing its dependence on the British Empire. The South African Customs Union.
Southern African Customs Union From Wikipedia, the free encyclopedia Jump to: navigation, search.
Support for Southern African sugar producers came in the form of preferential access to the Southern African Customs Union (SACU), which is made up of Botswana, Lesotho, Namibia, South Africa and Swaziland. SADC Member States with a sugar surplus are allowed to export an agreed portion of that surplus sugar to SACU member countries without paying any customs duty (duty-free). The amount of sugar each SADC Member State may export to SACU is proportional to the Member State’s share of the total SADC sugar surplus.
Any other pharmaceutical drugs or medicines must be accompanied by a letter or certified prescription from a registered physician, and have to be declared. Personal effects, sport and recreational equipment: You can bring in personal effects, sport and recreational equipment, either as accompanied or unaccompanied baggage, for your own use during your visit. In the case of very expensive articles, you may be required to lodge a cash deposit to cover the potential duty/tax on their re-export. The deposit will be refunded on departure after a customs officer has inspected the items and verified that they are being re-exported. Handmade articles for commercial purposes: Travellers from Southern African Customs Union.
E. Mandisi Bongani Mabuto Mpahlwa, and the Permanent Secretary for Foreign Affairs and Trade of Swaziland, H. E. Clifford Sibusiso Mamba, today signed a Free Trade Agreement (FTA) between the Member States of the European Free Trade Association (EFTA, comprising Iceland, Liechtenstein, Norway and Switzerland) and the Southern African Customs Union.
AEO Africa Angola ASYCUDA Beitbridge Botswana Business Capacity building Cape Town Cargo CBP China COMESA container Containerization Container ship Container terminal Customs Customs Tariff Durban EAC East Africa East African Community Economic Development European Union Export Freight forwarder India International trade Kenya Kunio Mikuriya logistics Maersk Maputo Mauritius Mozambique Namibia New Zealand Nigeria Port Revised Kyoto Convention Rwanda SACU SADC SARS SEZ Single Window smuggling South Africa South African Revenue Service Southern Africa Southern African Customs Union.