SACU to Maintain External Tariff Despite US ‘Reciprocal’ Measures

 

By: Nghiinomenwa-vali Erastus

 

The Southern African Customs Union (SACU) has resolved to maintain its common external tariff despite the United States imposing reciprocal tariffs on SACU member states last month.

 

Lesotho and South Africa have been the most affected by these measures.

 

The decision was announced in a statement issued on Wednesday by the SACU Council of Ministers, currently chaired by Finance Minister Ericah Shafudah.

 

Shafudah explained that the Council unanimously agreed to retain the 42% external tariff to protect the integrity of the regional market.

 

“In order to preserve the internal market, SACU Members will ensure that in any effort to conclude a partnership with the USA, the common external tariff is preserved, and due regard is taken not to undermine regional industrial capabilities,” she stated.

 

The Council also emphasised its commitment to advancing regional integration by accelerating the implementation of the African Continental Free Trade Area (AfCFTA).