Brexit uncertainty puts Sacu deal on hold
Trade & industry minister Rob Davies says that even with a deal it could take months or years to sort out trade and tariffs administration
Uncertainty about the UK’s departure from the EU has left trade negotiators of six Southern African nations pondering how their future ties with one of their largest trading partners will pan out. “Even if there is a deal, it will take months, if not years, to manage the administration around trade and tariffs,” trade & industry minister Rob Davies told reporters in Cape Town on Monday. SA negotiates trade deals with fellow members of the Southern African Customs Union — Lesotho, Namibia, Eswatini and Botswana — and have now been joined by Mozambique in talks on a post-Brexit trade agreement with the UK. SA has the region’s biggest economy, and the UK is its eighth-largest trading partner. Bloomberg
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