SACU.. --- formed in 1910 is perharps not famous but is the oldest Customs Union, made of 5 Southern African countries. Among its objectives is to advance economic development, diversification and industrialisation among its Member states. It also aims to promote the integration of member states into the global economy through trade and investment. To realise these objectives the Union has entered into free trade agreements with other regional blocks such as the EU and MERCUSOR. Member states use the Union incentives and market as part of their economic diplomacy to attract trade and investment.

Source author: Omphile Sethunya Sedimo sedimosethunya44@gmail.com