Trade markets where eswatini is a member
Trade Agreement |
Countries/Members |
Size, Liberalization & Market Access |
1. Southern African Customs Union (SACU) |
Swaziland, South Africa, Botswana, Namibia, Lesotho |
· 55 million population, with South Africa as major trading partner · Allows for Free movement of goods within the customs union |
2. Eswatini – Republic of China (Taiwan) – Economic Cooperation Agreement (ECA) |
Eswatini and Taiwan Bilateral Trade agreement |
· 24 million Taiwan population · Duty free market access to over 100 products lines · Flexible rules of origin |
3. Southern African Development Community (SADC)
|
Swaziland, Angola, Botswana, Lesotho, Madagascar, Mauritius, Namibia, Tanzania, Mozambique, South Africa, Zimbabwe, Zambia, Malawi, Seychelles, DR Congo |
· 238 million population · Free trade area with preferential market access for goods and further integrating to customs union · Highlighted State are not implementing the FTA |
4. Common Market for Eastern and Southern Africa (COMESA)
|
Swaziland, Angola, Uganda, Kenya, Ethiopia, Eritrea, Burundi, Rwanda, Egypt, Libya, Zimbabwe, Zambia, Madagascar, Mauritius, Comoros, Congo, Somalia, Sudan, Malawi |
· 374 million population · Free trade area with preferential market access further integrating to a customs union. · Swaziland only SACU member state currently in COMESA |
5. Generalized System of Preferences (GSP) |
Japan, New Zealand, USA, EU, Russia, Switzerland |
· Over 600 million population · Swaziland as beneficiary country enjoys preferential market access · Scheme enables developing countries to access markets of industrialized countries |
6. African Growth Opportunity Act (AGOA) Click here for AGOA brochure
|
USA |
· 300 million population · Over 6500 duty free tariff lines · Duty free market access till 2025 · Third country fabric provision till 2015 |
7. Economic Partnership Agreement (SADC-EU EPAs) |
EU 27/28 |
· 500 million population · Duty free entry for Swazi products to EU 27 · Simplified rules of origin including cummulation |
8. SACU-European Free Trade Association (PTA) |
Switzerland, Iceland, Norway, Lichtenstein |
· 12.8 million population · Preferential market access for Swaziland products mostly in agriculture |
9. SACU – MERCOSOUR (PTA) |
Brazil, Argentina, Uruguay, Paraguay |
· 241 million population · Preferential market access |
10. Tripartite Free Trade Area (COMESA-EAC-SADC)
|
27 countries in COMESA-EAC-SADC |
· Combined population of over 500 million and GDP of over US$800 billion · Under negotiations until 2014 · Will increase Africa intra trade |
11. African Continental Free Trade area |
All 54 countries of Africa |
· Still under negotiations |