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SACU DEVELOPMENTS November 2004

SACU DEVELOPMENTS November 2004. NEW DEVELOPMENTS IN SACU. New SACU Agreement in force - 15 July 2004 Progress in establishing and operationalising SACU institutions; Commission operational; SACU Secretariat established in Windhoek;

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SACU DEVELOPMENTS November 2004

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  1. SACU DEVELOPMENTS November 2004

  2. NEW DEVELOPMENTS IN SACU • New SACU Agreement in force - 15 July 2004 • Progress in establishing and operationalising SACU institutions; • Commission operational; • SACU Secretariat established in Windhoek; • Member States considering SACU Headquarters Agreement with Namibia;

  3. NEW DEVELOPMENTS IN SACU • Workshop on Competition Policy (Art. 40) and Unfair Trade Practices (Art. 41), 0 August 2004; • Transitional arrangements agreed; • SACU Logo – with dti assistance – being designed

  4. RECENT COUNCIL DECISIONS • Ministers of Trade now members of Council; • Council confirmed SA will continue managing revenue pool until July 2006; • New revenue sharing formula in force; • Final decision on either R2 or R3 options for revenue pool management at September 2004 Council meeting; • Review of operations of new formula in three years;

  5. RECENT COUNCIL DECISIONS • Standing agenda items for Council meetings: Taxation harmonisation and Single Border Crossing; • Secretariat to have three directorates: Corporate Services; Trade Facilitation; and Policy Development; • Recruitment upon completion of job descriptions and conditions of service; • ITAC to continue (for 1 year) processing SACU tariff applications, and empower BLNS on tariff matters; • Commission and Secretariat to complete work on annexes on Tariff Board and National Bodies.

  6. SACU WORK PROGAMME • Trade Ministers to play a role in SACU strategic direction; • Ensure SACU structures (the Council, Customs Union Commission and technical liaison committees) work; • SACU Tariff Board yet to be appointed: Transitional measure is ITAC carry out duties of Tariff Board; • Annexes to elaborate key provisions of SACU Agreement: Tariff Board;Tribunal; Industrial Development Policies

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