Consistent with the stated objective (as set out in the preamble to the agreement) to promote economic and social development in SACU states with the support of EFTA states, the agreement contains comprehensive provisions on economic cooperation and technical assistance. In the spirit of promoting economic cooperation, EFTA states are committed to providing technical assistance to SACU states to help them implement the agreement. The parties will also coordinate efforts with relevant international organizations. Aid will focus on information exchange, transfer of expertise and training in trade policy, trade facilitation and trade promotion; Customs and origin issues; technical rules, standards and compliance assessments, as well as health and plant health measures; Local business development; regulatory support and implementation of legislation in areas such as services, investment, intellectual property and public procurement (Articles 30-32). The Southern African Customs Union (SACU), which is owned by Swaziland with South Africa, Botswana, Namibia and Lesotho, has a preferential trade agreement with MERCOSUR, which includes Brazil, Argentina, Uruguay and Paraguay. In conjunction with the agreement, they reached an agreement on the conclusion of their preferential trade agreement, in which they expressed satisfaction with the conclusion of the agreement and reaffirmed their determination to continue negotiations and strengthen bilateral cooperation to facilitate the implementation of the agreement. The MERCOSUR-SACU PTA came into force on 01 April 2016, which set the stage for both parties (MERCOSUR and SACU) to take procedures and measures to enable the implementation of the agreement. Examples include changes to customs legislation and the development of procedures for issuing certificates of origin. SACU has signed a trade agreement with the countries of the European Free Trade Association (EFTA), Iceland, Liechtenstein, Norway and Switzerland. The agreement came into force on May 1, 2008.
Trade between the parties to this agreement is reciprocal and SACU-EFTA tariffs are reduced as a percentage of general tariffs for products originating in countries with which Botswana has no commercial age.