Southern Africa Customs Union and Mozambique–United Kingdom Economic Partnership Agreement

Southern Africa Customs Union and Mozambique–United Kingdom Economic Partnership Agreement
Economic Partnership Agreement between the Southern African Customs Union Member States and Mozambique, of the one part, and the United Kingdom of Great Britain and Northern Ireland, of the other part
  Southern Africa Customs Union and Mozambique
  United Kingdom
TypeFree Trade Agreement
ContextTrade continuity agreement between the United Kingdom and the Southern Africa Customs Union and Mozambique
Drafted19 March 2017
Signed9 October 2019
LocationLondon, United Kingdom
Effective1 January 2021
Negotiators
Original
signatories
Parties
DepositaryForeign, Commonwealth & Development Office
Languages

The Southern Africa Customs Union and Mozambique–United Kingdom Economic Partnership Agreement (SACUM–UK EPA) is a plurilateral free trade agreement between the United Kingdom and the Southern Africa Customs Union, and Mozambique, designed to promote trade, investment, and sustainable development. It largely replicates the existing European Union–Southern African Development Community Economic Partnership Agreement framework, maintaining preferential trade access. The agreement is part of the UK's strategy to maintain and enhance trade relationships with developing countries following its departure from the European Union.[1][2]

Agreement

The SACUM-UK EPA was signed in October 2019 and entered into force on 1 January 2021, following the United Kingdom’s exit from the European Union. The agreement was designed to replicate and replace the trade preferences that previously existed under the EU-SADC EPA, ensuring continuity for exporters and importers in all participating countries. The agreement provides immediate duty-free and quota-free access for goods exported from Botswana, Eswatini, Lesotho, Mozambique, and Namibia to the UK. South African exports also benefit from preferential access, though some products are subject to tariff rate quotas. In return, the agreement eliminates tariffs on a significant proportion of UK exports to Mozambique and includes provisions for the gradual reduction of duties on UK goods entering SACU and Mozambique.

See also

References

  1. ^ Department for International Trade; Department for International Development; Truss, Elizabeth (11 September 2019). "UK agreed trade continuity with 6 African nations". GOV.UK. Archived from the original on 11 September 2019. Retrieved 17 December 2023.
  2. ^ Bavier, Joe (11 September 2019). "Britain agrees post-Brexit trade deal with southern Africa". Reuters. Johannesburg. Archived from the original on 18 February 2022. Retrieved 17 December 2023.
This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.