India and the Southern African Customs Union (SACU) have signed Terms of Reference to launch negotiations toward a Preferential Trade Agreement. The ToR formalizes the framework for bilateral trade talks between India and SACU members (South Africa, Botswana, Eswatini, Lesotho, Namibia). This marks a concrete step toward a preferential tariff arrangement between the two parties.
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India and SACU Sign Terms of Reference for Preferential Trade Agreement Negotiations
Original: India and the Southern African Customs Union (SACU) sign Terms of Reference (ToR) for negotiations towards a Preferential Trade Agreement