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Africa Trade Organizations

Southern African Customs Union


Countries Involved:Africa Economic Institute Botswana, Africa Economic Institute Lesotho, Africa Economic Institute Namibia, Africa Economic Institute South Africa, Africa Economic Institute Swaziland,
Area of Cooperation:Trade, Customs
Summary:

The aim of SACU is to maintain free interchange of goods between member countries. Provides for a common external tariff and a common excise tariff to this common customs area. Customs and excise are paid to the South Africa's national Revenue Fund, which is then shared among members based on a revenue-sharing formula. It is a subgroup of SADC.



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