Free Trade Agreement between the EFTA States and the SACU States (EFTA SACU)

What’s New?

24 November 2016 – Calculation of National Currencies for the SACU-EFTA Trade Agreement

In terms of Article 21 to Annex V of the SACU-EFTA Trade Agreement, amounts expressed in the national currencies equivalent to the amounts expressed in Euros shall be fixed annually by the parties concerned from the 1st January 2017 to 31st December 2017.

The applicable rate of exchange for Euro amount as of 01 October 2016 is 0.063426 as per Article 29 (3) and shall be considered as a conversion rate for amounts expressed in Article 19 (1) (b) and Article 24 (3).

Country

Currency

Rates of exchange

Invoice Declaration (6 000 Euro)

Traveller’s Personal Luggage (1 200 Euros)

Small Packages

(500 Euros)

Republic of South

Africa

Rand

0.063426

R94 598

R18 920

R7883

The EFTA member states consist of –

Republic of Iceland
Principality of Liechtenstein
Kingdom of Norway
Swiss Confederation

EFTA has a number of free trade agreements between its member states and member states of other countries or groups of countries, of which the EFTA-SACU free trade agreement is one. The EFTA-SACU free trade agreement has been concluded between the member states of EFTA and the member states of the Southern African Customs Union (SACU).

This agreement has been enacted into South African law in terms of the Customs and Excise Act, 1964 by publication in Notice R.1255 (GG 29455 of 15 December 2006) and came into effect on 1 January 2008 in terms of Notice R.1231 published in GG 30601 of 12 December 2007.

Note that the Free Trade Agreement between the EFTA States and the SACU States entered into force on 1 May 2008 (see footnote 1 to Notice R.527 published in GG 31040 of 9 May 2008 and corrected by Notice R.567 published in GG 31079 of 9 May 2008).

EFTA-SACU

Customs and Excise Act, 1964

Description

Schedule No. 10

Part 6

Free Trade Agreement between the European Free Trade Association States and the Southern African Customs Union States (EFTA-SACU free trade agreement)

Note:

Due to the poor copy available, this Part 6 of Schedule No. 10 is not reproduced here, but all relevant documentation are available below.

Background Documents

Annexures

Annexures
Annex I		Territorial Provisions
Annex II		Products not covered by the agreement if imported from SACU States into specific EFTA States (Article 6(1)(a))
Annex III		Processed Agricultural Products (Article 6(1)(a)) Table of Products
Annex IV		Fish and other marine products (Article 6(1)(a))
Annex V		Concerning the definition of the concept of ‘Originating Products’ and methods of administrative cooperation (Article 7)
Appendix 1 to Annex V		Introductory Notes to the List in Appendix 2
Appendix 2 to Annex V		List of working or processing required to be carried out on non-originating materials in order that the product manufactured can obtain originating status
Appendix 3 to Annex V		Specimens of movement certificate EUR 1 and application for a movement certificate EUR 1
Annex VI		Mutual administrative assistance in customs matters (Article 7)
Annex VII		Customs duties on imports into SACU (Article 8 (3)) Table 1 – market access provided by SACU on products falling within Chapters 25 to 98 Table 2 – Market access provided by SACU on processed agricultural products
Annex VIII		Industrial products under ITAC investigation (Article 9(4))

Note:

To read more about this and other EFTA agreements you can access the official website of the European Free Trade Association on http://www.efta.int/free-trade/free-trade-agreements.aspx

Free Trade Agreement between the EFTA States and the SACU States (EFTA SACU)

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