View
33
Download
1
Category
Preview:
DESCRIPTION
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; - PowerPoint PPT Presentation
Citation preview
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;
Member States considering SACU Headquarters Agreement with Namibia;
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
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;
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.
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
Recommended