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):
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’).
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
Negocios en India
EENI In Hindi: मास्टर विदेश पार
EENI International Business
.
