Africa Trade AgreementsAfrica Trade Agreements

Africa Trade Agreements

SACU-Mercosur Preferencial Trade Agreement (PTA)


Countries Involved:Africa Economic Institute South Africa, Africa Economic Institute Botswana, Africa Economic Institute Lesotho, Africa Economic Institute Namibia, Africa Economic Institute Swaziland, Africa Economic Institute Brazil, Africa Economic Institute Argentina, Africa Economic Institute Paraguay, Africa Economic Institute Uruguay,
Area of Cooperation:Tariffs, goods
Summary:

The PTA creates a basis for further integration and cooperation including through possible further exchanges of tariff preferences, and cooperation on any other area. It establishes a legal framework to govern SACU and MERCOSUR trade relations.

The Understanding reached between SACU and MERCOSUR outlines a built-in agenda for further work that could take the form of amendments or additional protocols to the PTA. These include: further exchange of tariff preferences, rules of origin (RoO), customs cooperation, Non Tariff Measures (i.e. SPS), and the automotive sector.



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