page_title: Trade Agreement between Southern African Customs Union (SACU) and European Free Trade Association (EFTA) states
section_title: Trade
hierarchical_section_title: Trade Agreement between Southern African Customs Union (SACU) and European Free Trade Association (EFTA) states / Trade
caption_attribution_description: English: EFTA Trade Balance with SACU, 2002-2018. It shows the total volume of export and import goods from 2002 to 2018.
context_page_description: The Trade Agreement between Southern African Customs Union (SACU) and European Free Trade Association (EFTA) is a Free trade agreement signed by both parties in 2006 in Höfn, Iceland and entered into force on 1 May 2008. It involves 9 countries: 4 are members of EFTA and 5 are members of SACU. The goal of the agreement is to deepen the relations between parties, provide favorable conditions for trade, and encourage economic integration and social development in SACU member states with support from EFTA.
context_section_description: The trade between blocs has grown by approximately 9.3% from 2008 to 2018, since the agreement was signed.. The net trade balance of EFTA was negative until 2012, but in 2013 the total import has dropped significantly and export exceeded it
  In 2018 the EFTA net export and net import equal €798 million (net export) and €616 million (net import). The total import and export of EFTA with SACU represent just 0,3% of the total world import and export of EFTA . For SACU, it comprised 1% of the South African export market. According to the Director of Trade Negotiations between these two blocs, even this number is significant for improving the trading conditions, especially in the textile and clothing industry. 
  The main products exported to SACU from the EFTA states are Pharmaceutical products, tobacco, machinery, mechanical appliances, optical/medical/surgical instruments, and mineral fuels/oil. 
  SACU exports to EFTA vehicles (not railway) , ores/slag/ash, fruit and nuts, aluminium, and meat.
  The main exporter of the EFTA States is Switzerland, it is responsible for 80% of all export. The major importer is Norway; it is responsible for 55% of the total import from SACU. Iceland is not a significant trade partner, it has about 1% of the trade between two blocs.
caption: EFTA Trade Balance with SACU, 2002-2018
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