BEE a factor in EU Treaty
- Nov
- 09
- 2016
- Posted by Alexis - B-BBEE
- Posted in B-BBEE Blog
At a time when many companies may be considering not proceeding with a B-BBEE rating under the more onerous Amended Codes, the need for a BEE Certificate is becoming critical for many businesses who export to the EU.
To benefit from the recently signed SADC – EU Economic Partnership Agreement (EPA) that provides for the export of South African agricultural products to the EU under a Tariff Rate Quota regime , interested companies must apply for the permits that will be issued on a “first come first served” basis until agreed quotas are reached.
The permit allocation will take into account a number of variables such as tax clearance certificate, technical compliance with EU rules and the B-BBEE status of the applicant. The exporter’s B-BBEE level is now a significant factor to continue exporting to the EU under the new SADC – EU Economic Partnership Agreement that replaces the previous treaty (Trade, Development and Cooperation Agreement – TDCA).
All material subject to our Legal Disclaimers.
Recent Posts
- 2nd 2021 Provisional Tax Information Request 18/01/2021
- Changes to the South African Exchange Control Rules 13/01/2021
- MD are now on Instagram too!!! 07/01/2021
- Congratulations to Amanda Kungwayo – 15 years with MD today! 03/01/2021
- PAIA manual | MD ACCOUNTANTS AND AUDITORS INCORPORATED | Date of revision: 15/12/2020 23/12/2020
- Season’s Greetings 21/12/2020
- COIDA: EXCLUSION OF DOMESTIC WORKERS INVALID: Employers’ contributions cannot be backdated 09/12/2020
- Congratulations to Juanita Roman – 20 years with MD today! 01/12/2020
- BEE pioneers fight for their legitimacy 27/11/2020
- Department of Employment and Labour welcomes Constitutional court judgement on domestic workers 24/11/2020
- TERS – FINAL opportunity to claim – Do not Miss out! 23/11/2020
- Legal Sector Code 20/11/2020
- CIPC Regulatory Compliance Obligations to re-commence 01 DECEMBER 2020 18/11/2020
- B-BBEE Commission: Media Brief 12/11/2020
- MD’s Current News | September/October 2020 11/11/2020
- MD’s Business Rescue contact details 28/10/2020
- MD’s client, Daphne Olivier, celebrated her 100th Birthday this month! 23/10/2020
- President Cyril Ramaphosa yesterday announced a post-Covid economic reconstruction and recovery plan 16/10/2020
- Celebrating Alexis and Dave’s 23 Year Anniversary, as well as Boss’s Day 2020 15/10/2020
- Important Information: PAIA Manual 12/10/2020
- Repayment of SARS Covid-19 Employees’ tax deferral – reminder of repayment obligation 07/10/2020
- SARS EMP501 Interim Submission – August 2020 period 06/10/2020