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South Africa Preferential Trade Agreements

17 Dec

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South Africa signed a major free trade agreement with the European Union in 1999. This agreement not only had a lasting effect on South Africa itself, but also set the conditions for stronger EU (and EFTA) action to get African nations to commit to greater trade and investment policy liberalization over the next decade, notably through the EPA negotiation process between the EU and ACP countries. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. South Africa alone has a bilateral free trade agreement with SADC (Southern Africa Development Cooperation). There are also preferential agreements with Malawi, Zimbabwe and Croatia, as well as a non-reciprocal trade agreement with Mozambique. It is currently considering other bilateral agreements with Kenya, Nigeria, China, Japan, Singapore, South Korea and India. At the end of 2011, it rejected a proposal for a free trade agreement put forward by Turkey, which would lead to destructive competition that would undermine South Africa`s industrial and employment objectives. There are duty-free exchanges between South Africa and the four other countries (Botswana, Lesotho, Namibia and eSwatini) that make up the Southern African Customs Union (SACU). The 2012 Southern African Development Community (SADC) Free Trade Agreement allows duty-free trade between 12 of the 15 members. The Trade and Development Cooperation Agreement between the European Union and South Africa, which came into force in 2000, has made available a progressive free trade agreement (FTA) that has become the cornerstone of the regional trading landscape.

South Africa has also negotiated agreements with the European Free Trade Association and Mercosur. South Africa, through SADC, has concluded negotiations on Phase I of the tripartite free trade agreement, which includes the CDAA, the East African Community (EAC) and the East and South African Common Market (COMESA) in a free trade area. In December 2000, MERCOSUR countries (Argentina, Brazil, Paraguay and Uruguay) signed a framework agreement establishing a free trade area between MERCOSUR and South Africa. This framework agreement has set up a negotiating committee for the establishment of a free trade agreement. The EPA contributes to improving the business climate between partners by providing businesses with a stable and forward-looking environment in South Africa and throughout the African region. It contributes to the promotion of bilateral and regional trade and thus offers new opportunities to achieve the objectives of the strategic partnership between South Africa and the EU. In December 2004, MERCOSUR and the Southern African Customs Union (SACU), which consists of Botswana, Lesotho, Namibia, South Africa and Swaziland, signed a preferential trade agreement. 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. Ministers indicated that these negotiations would begin as soon as possible and provided for additional protocols for the agreement in the customs and automotive sectors. DTI uses strong relationships between governments and mechanisms to promote a development agenda in Africa focused on identifying and implementing joint investment projects in partner countries; Promote trade between the two parties; coordination of technical cooperation and South Africa`s support for political and institutional development in partner countries; promote the development of cross-border infrastructure, particularly on the basis of the SDI methodology; promote regional integration by strengthening and consolidating the South African Customs Union (SACU) free trade agreement and the

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