India-SACU Trade Agreement

EENI- School of International Business

Sub-subject: India-Southern African Customs Union (SACU) Preferential Trade Agreement (PTA). Syllabus:

1. Introduction to the Preferential Trade Agreement between India and the Southern Africa Customs Union (SACU).
2. 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

1. 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
2. Top 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.
3. Top imports from South Africa to India: phosphates, precious stones, minerals, fertilizers, steel, coal, transport equipment, and pulp.
4. 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:

1. Economic area of the Hindu Civilisation
2. Southern African Economic Area of the African Civilisation

India Free Trade Agreements - Africa-India