India, South Africa-led SACU group may ink terms of reference for negotiating trade pact on Aug 12

India and the SACU group will sign terms of reference for trade talks. Negotiations for a preferential trade agreement are expected to begin soon. South Africa is India's largest trading partner within the SACU bloc. Bilateral trade between India and South Africa saw a dip last fiscal year. Other SACU members like Botswana and Namibia show growing trade with India.