Economics Trade Agreements Questions
The Southern African Customs Union (SACU) is a regional trade agreement established in 1910. It consists of five member countries: Botswana, Lesotho, Namibia, Eswatini (formerly Swaziland), and South Africa. SACU aims to promote economic integration and cooperation among its member states by eliminating tariffs and other trade barriers, harmonizing customs procedures, and facilitating the free movement of goods within the union. Additionally, SACU negotiates trade agreements with other countries and regions on behalf of its member states to enhance their access to international markets.