SARS - South African Revenue Service
SARS - South African Revenue Service
05/31/2023 | Press release | Distributed by Public on 05/31/2023 08:48
SACU members sign mutual recognition arrangement
Johannesburg, 31 May 2023 - Accredited traders in Botswana, Eswatini, Lesotho, Namibia and South Africa will benefit from lower trade costs and quicker turn-around times for imports and exports, because of a Mutual Recognition Arrangement signed today by the five Member States of the Southern African Customs Union (SACU).
The Heads of Revenue Administrations in Botswana, Eswatini, Lesotho, Namibia and South Africa, have agreed to recognise each other's importers and exporters who have been granted the status of an Authorised Economic Operator (AEO).
Traders who are AEOs across the SACU region will benefit from fast-tracked controls and reduced administration costs for customs clearance.