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Southern African Customs Union
The Southern African Customs Union has five members:
The current Union came into effect in 1970; however its concept dates back to colonial days (1910). Under its rules, South Africa collects levies from customs, sales, and excise duties for all five members, sharing out proceeds based on each country's portion of imports.
At the end of 2004 it was negotiating a Free Trade deal with the USA. A Free Trade deal is scheduled to be signed between it and Iceland in November 2005 and to become active in the beginning of 2006.
All members except Botswana participate in the Common Monetary Area.
SACU is not one of the pillars of the African Economic Community, but its members are associated with it through the Southern African Development Community (SADC).
Comparision with other Regional blocs
href="Most active regional blocs
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Regional
bloc 1 |
Area (km²) |
Population |
GDP (PPP) ($US) |
Member
states 1 |
| in millions |
per capita |
| EU |
3,977,487 |
460,124,266 |
11,723,816 |
25,480 |
25 |
| CARICOM |
462,344 |
14,565,083 |
64,219 |
4,409 |
14+1 3 |
| ECOWAS |
5,112,903 |
251,646,263 |
342,519 |
1,361 |
15 |
| CEMAC |
3,020,142 |
34,970,529 |
85,136 |
2,435 |
6 |
| EAC |
1,763,777 |
97,865,428 |
104,239 |
1,065 |
3 |
| CSN |
17,339,153 |
370,158,470 |
2,868,430 |
7,749 |
10 |
| GCC |
2,285,844 |
35,869,438 |
536,223 |
14,949 |
6 |
| SACU |
2,693,418 |
51,055,878 |
541,433 |
10,605 |
5 |
| COMESA |
3,779,427 |
118,950,321 |
141,962 |
1,193 |
5 |
| NAFTA |
21,588,638 |
430,495,039 |
12,889,900 |
29,942 |
3 |
| ASEAN |
4,400,000 |
553,900,000 |
2,172,000 |
4,044 |
10 |
| SAARC |
5,136,740 |
1,467,255,669 |
4,074,031 |
2,777 |
8 |
| Agadir |
1,703,910 |
126,066,286 |
513,674 |
4,075 |
4 |
| EurAsEC |
20,789,100 |
208,067,618 |
1,689,137 |
8,118 |
6 |
| CACM |
422,614 |
37,816,598 |
159,536 |
4,219 |
5 |
| PARTA |
528,151 |
7,810,905 |
23,074 |
2,954 |
12+2 3 |
Reference
blocs and
countries 2 |
Area (km²) |
Population |
GDP (PPP) ($US) |
Political
divisions |
| in millions |
per capita |
| UN |
133,178,011 |
6,411,682,270 |
55,167,630 |
8,604 |
191 |
| India |
3,287,590 |
1,102,600,000 |
3,433,000 |
3,100 |
35 |
| China |
9,596,960 |
1,306,847,624 |
7,249,000 |
5,200 |
33 |
| USA |
9,631,418 |
296,900,571 |
11,190,000 |
39,100 |
50 |
| Canada |
9,984,670 |
32,507,874 |
958,700 |
29,800 |
13 |
| Russia |
17,075,200 |
143,782,338 |
1,282,000 |
8,900 |
89 |
1 Including data only for full and most active members
2 The first two states in the World by area, population and GDP (PPP)
3 Including non-sovereign autonomous entities of other states
██ smallest value among the blocs compared
██ largest value among the blocs compared
During 2004. Source: CIA World Factbook 2005, IMF WEO Database
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See also
External links
The content of this page is retrieved from http://en.wikipedia.org/wiki/Southern_African_Customs_Union under GFDL
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