India, Aug. 11 -- India and South Africa-led SACU group are likely to sign Terms of References (ToRs) on August 12 for starting negotiations for a preferential trade agreement (PTA), an official said. The five members of SACU (South African Customs Union) are Botswana, Eswatini (formerly Swaziland), Lesotho, Namibia and South Africa.

On the sidelines of the BRICS trade and industry ministers' meeting, Commerce and Industry Minister Piyush Goyal met Parks Tau, Minister of Trade, Industry and Competition of South Africa.

"We discussed the signing of ToRs for India-SACU PTA and early conclusion of negotiations, strengthening the India-South Africa trade engagement and explored opportunities for cooperation in the critical minerals, pharmac...