Shanghai
Business School

India - SACU Preferential Trade Agreement (PTA)

EENI Home EENI International Business - Business in Asia


International business

Master International Business


 

Learning unit: India - SACU Preferential Trade Agreement (PTA). Syllabus:

- India SACU Preferential Trade Agreement (PTA).
- Economic Relations between India and South Africa.

M Course learning materials: En.

M Educational level: Continuing education / Executive education programs.

Doing Business in India: Free Trade Agreements

Course summary - India - SACU Preferential Trade Agreement (PTA)

Status of the India - SACU Preferential Trade Agreement (PTA): Under consultation and study.

In January 2011, Indian Minister of Commerce and Industry Anand Sharma announced that the long-discussed Preferential Trade Agreement (PTA) between India and the Southern African Customs Union (SACU) was expected to be concluded towards the middle of 2011.

PTA's Benefits
- Access to raw materials at low prices;
- Access to technical development;
- Market access for Botswana’s minerals and/or precious stones;
- Accorded special differential treatment based on the level of development;
- Strengthened economic co-operation ties.

South African Customs Union (SACU) comprises of South Africa, Lesotho, Swaziland, Botswana and Namibia.

Example of the course India - SACU Preferential Trade Agreement (PTA):
Economic Relations between India and South Africa

Master International business for South African students - Master International Business in Botswana - Master International Business for Indian students

Economic Relations between India and South Africa

Both India and South Africa are considered states of influence with regard to south-south cooperation schemes and so a trade agreement between the two states seems only inevitable. India has strongly supported the objectives of the New Partnership for Africa’s Development (NEPAD).

The value of bilateral trade between India and South Africa has trebled from US$ 2.5 billion in 2003-2004 to US$ 7.5 billion in 2008-2009

Exports from India to South Africa include vehicles and components thereof, transport equipment, drugs and pharmaceuticals, computer software, engineering goods, footwear, dyes and intermediates, chemicals, textiles, rice, and gems and jewellery, etc.

Import from South Africa to India include rock phosphates, precious stones and minerals, fertilizers, steel, coal, transport equipment, pulp and pulp manufacturing, etc.

Foreign Direct Investment from South Africa to India from April, 2000 to December, 2010 was estimated at USD 109.88 million [Source: DIPP].

An important initiative under negotiation is the India-SACU Preferential Trade Agreement. Five rounds of negotiations between SACU and India have been held so far, the last in Delhi in October 2010.

Combined with the India - MERCOSUR and SACU - MERCOSUR PTAs, it is envisioned that this will eventually lead to a Free Trade Agreement between India, SACU and MERCOSUR (a large ’free trade area of the South’).

M Related Foreign Trade Courses and masters: Master Business in Asia - Master in Emerging Markets - Business in Arica - Course doing business in Southern Africa - Master Executive Business Africa - Master East and Southern Africa

Africa India economic relationships

 Es Negocios en India

EENI In Hindi: मास्टर विदेश पार


UN (c) EENI- The Global Business School (1995-2012)
EENI Headquarters: Spain. Subsidiaries: France and Brazil.
EENI is a certified member of the International Commission on Distance Learning (ECOSOC United Nations).

Collaborator member of the Tripartite Foundation for On-the-job Training - European Social Fund (ESF).
European