SACU

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Southern African Customs Union (SACU)

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Established in 1910, the Southern African Customs Union (SACU) is one of the oldest Customs Union in the world. Other members of the Union include Botswana, Lesotho, Namibia and South Africa. The new SACU Agreement of 2002 came into force in 2004. The SACU Agreement has a revenue sharing formula, which has three components. Over the years SACU has negotiated trade pacts with Third Parties, including with European Free Trade Association, MERCUSOR and is currently negotiating with India. Lesotho, Namibia, Swaziland and South Africa are members of the Common Monetary Area (CMA), which facilitates the flow of capital among these countries. The SACU Secretariat is in Windhoek, Namibia. The SACU Agreement and its main activities are found at the following website: –www.sacu.int