SACUs work programme should be timely: Khama
06 Feb 2018 08:00am
WINDHOEK, 06 FEB (NAMPA) The President of Botswana, Lieutenant-General Seretse Khama Ian Khama has urged the Southern African Customs Union (SACU) Secretariat to implement its work programmes efficiently and within the agreed timelines.
Khama, the Chairperson of SACU, urged the secretariat here Monday to support each member state with the implementation of programmes set to reach its vision and mission, to help drive the economies of all member countries equitably.
Your dedication and hard work as a secretariat is acknowledged as it continues to provide significant support to member states during their meetings, Khama said.
Khama further assured Botswanas commitment to SACU as member state in supporting the secretariat at all levels.
Speaking at the same event, SACU Executive Secretary, Paulina Elago noted that the implementation of programmes presently ongoing are guided by the timelines as agreed in the Schedule of Implementation and Work Programme for Ministerial Task Teams and on Finance.
The programmes endorsed by the 5th SACU Summit in June 2017, includes the review and development of a suitable architecture for tariff-setting, rebates, duty drawbacks and trade remedies.
It further endorsed the review of the revenue sharing formula and the long-term management of the common revenue pool as well as establishing a stabilisation fund and exploring the feasibility of a financing mechanism for regional industrialisation.
I believe that SACU can play an important role in supporting the economies of the member states as well as deepen regional integration trade in general, said Elago.
Botswana will host the 6th SACU Summit scheduled for June this year.