Free Trade Agreement between the EFTA States and the SACU States (EFTA SACU)
- 24 November 2016 – Calculation of National Currencies for the SACU-EFTA Trade Agreement In terms of Article 21 to Annex V of the SACU-EFTA Trade Agreement, amounts expressed in the national currencies equivalent to the amounts expressed in Euros shall be fixed annually by the parties concerned from the 1st January 2017 to 31st December 2017.
The applicable rate of exchange for Euro amount as of 01 October 2016 is 0.063426 as per Article 29 (3) and shall be considered as a conversion rate for amounts expressed in Article 19 (1) (b) and Article 24 (3).
Country Currency Rates of exchange Invoice Declaration (6 000 Euro) Traveller’s Personal Luggage (1 200 Euros)
Republic of South
Rand 0.063426 R94 598 R18 920 R7883
The EFTA member states consist of –
- Republic of Iceland
- Principality of Liechtenstein
- Kingdom of Norway
- Swiss Confederation
EFTA has a number of free trade agreements between its member states and member states of other countries or groups of countries, of which the EFTA-SACU free trade agreement is one. The EFTA-SACU free trade agreement has been concluded between the member states of EFTA and the member states of the Southern African Customs Union (SACU).
This agreement has been enacted into South African law in terms of the Customs and Excise Act, 1964 by publication in Notice R.1255 (GG 29455 of 15 December 2006) and came into effect on 1 January 2008 in terms of Notice R.1231 published in GG 30601 of 12 December 2007.
|Customs and Excise Act, 1964||Description|
|Schedule No. 10||Part 6|
Free Trade Agreement between the European Free Trade Association States and the Southern African Customs Union States (EFTA-SACU free trade agreement)
|Appendix 1 to Annex V|
|Appendix 2 to Annex V|
|Appendix 3 to Annex V|