Sub-subject: India-Southern African Customs Union (SACU) Preferential Trade Agreement (PTA). Syllabus:
- Introduction to the Preferential Trade Agreement between India and the Southern Africa Customs Union (SACU).
- International Trade India-South Africa.
Sample of the sub-subject: India-Southern Africa Customs Union Trade Agreement
Sub-Subject Description: India-Southern African Customs Union Preferential
Trade Agreement (PTA).
Status of the India-Southern African Customs Union (SACU) Preferential Trade Agreement (PTA): under consultation and study.
The main benefits of the India-Southern African Customs Union (SACU) Preferential Trade Agreement
- Access to raw materials at low prices;
- Access to technical development;
- Market access for minerals and/or precious stones of Botswana;
- Accorded special differential treatment based on the level of development;
- Strengthened economic cooperation ties.
An important initiative under negotiation is the India-Southern Africa Customs Union Preferential Trade Agreement.
The Southern African Customs Union (SACU)
includes of South Africa, Lesotho, Swaziland, Botswana, and Namibia.
International Trade India-South Africa
- The total foreign trade between India and South Africa
has increased threefold from USD 2.5 billion in 2003-04 to USD 7.5 billion
exports from India to South Africa: vehicles and components, transport equipment, drugs and pharmaceuticals, software, engineering products, footwear, dyes and intermediates, chemicals, textiles, rice, and gems.
imports from South Africa to India: phosphates, precious stones, minerals, fertilizers, steel, coal, transport equipment, and pulp.
- Foreign direct investment from South Africa to India (from April 2000 to December 2010): USD 109.88 million.
The India-Southern African Customs Union Preferential Trade Agreement belongs to the:
- Economic area of the Hindu Civilisation
- Southern African Economic Area of the African Civilisation
India Free Trade Agreements - Africa-India