New Delhi, Aug. 12 -- India and the Southern African Customs Union (SACU) on Wednesday signed the Terms of Reference (ToR) for negotiations towards a Preferential Trade Agreement (PTA) between India and SACU at Vanijya Bhawan here with Commerce and Industry Minister Piyush Goyal stating that a trade agreement "can help us leverage each other's strengths and contribute to shared prosperity, delivering mutual benefits".

The signing marks an important step towards strengthening trade and economic engagement between India and the SACU member States.

In his remarks, Goyal called for a balanced, fair and equitable trade agreement between India and the Southern African Customs Union (SACU), emphasising that the partnership can help diversify m...