Media Statement

12 April 2013

President Zuma arrives in Botswana to attend the SACU Summit

President Jacob has arrived in Gaborone, Botswana, to attend the Southern African Customs Union (SACU) Summit. The one day Summit will be attended by Heads of States and Governments of the SACU Member States, which include Botswana, Lesotho, Namibia and Swaziland (BNLS). The purpose of the Summit is to discuss various issues broadly related to regional trade and industrialisation, under the Customs Union.

More specifically, the event will appraise progress and outcomes with regard to the five-point programme that was adopted in March 2011. The five points include regional industrialisation, the review of the revenue sharing agreement, trade facilitation, the development of SACU institutions and a unified engagement in trade negotiations.

Other important issues which will be discussed include funding for regional programmes and projects, and industrial collaboration through the development of regional value chains so as to promote complementary industrial development. In addition the SACU leaders will also consider collective activities to strengthen investment promotion among their countries.

The President will be accompanied by Ministers of Finance Mr Pravin Gordhan, Trade and Industry Dr Rob Davies and Deputy Minister of Finance Mr Nhlanhla Nene.

Enquiries: Mac Maharaj on 079 879 3203 or macmaharaj@icloud.com

Issued by: The Presidency

Pretoria

 

 

 

 

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