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Thursday, 29 September 2016

SRA ready to support SADC-EU EPA trade flows

The Swaziland Revenue Authority (SRA) has put in place institutional arrangements that will support the trade flows between the European Union (EU), Swaziland and Southern African Development Community (SADC) Economic Partnership Agreement (EPA) states. The agreement is expected to come into full effect on October 1. According to the Ministry of Commerce, Industry and Trade Principal Secretary Jinno Nkambule the country did not only ratify the EPA, but also deposited the ratification instrument with the EU in Brussels. Adding, he said government, through its embassy in Brussels also signed the joint undertaking for administrative cooperation which would allow all African, Caribbean and Pacific (ACP) countries to be cumulative. Nkambule was speaking during a meeting organised by the SRA and the ministry of commerce, industry and trade on the implementation of the SADC-EU EPA. The meeting was held yesterday at the Happy Valley Hotel, Ezulwini. It was aimed to present the EPA to local stakeholders as well as provide training on rules of origin and registration requirements for entities that aim at accessing the preferences under this agreement. SRA Commissioner General Dumisani Masilela said the SRA seeks to ensure that they create a conducive environment to ensure that the business community will realise all the benefits of the agreement. “Therefore, the customs department has put in place the institutional arrangements that will support the trade flows between the EU and Swaziland/SADC EPA states,” he said.