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Trade Agreement In South Africa

19 dezembro 2020

South Africa has signed numerous agreements with its trading partners in recent years. The country also benefits from a number of non-reciprocal trade agreements, including the African Growth and Opportunity Act and the Generalized Preference System. Under the CDAA EPA, the EU has eliminated all or part of tariffs on 98.7% of imports from South Africa, while guaranteeing unrestricted access to other signatory countries. Today, the EU is South Africa`s main trading and investment partner. As part of government policy, the South African government is seeking to further open its market in order to increase trade and develop more competitive domestic industries. However, in 2006, the South African government made exceptions to this approach to protect the labour-intensive apparel industry. During 2020, the South African authorities took emergency measures to limit all goods and people traffic as a result of the Covid 19 pandemic; These have been partially removed. 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. Since the EU and South Africa concluded a Trade Development and Cooperation Agreement (TDCA) in 1999, the two sides have maintained strong and growing trade relations. In June 2016, the EU and South Africa signed the Southern Africa Economic Partnership Agreement (SADC EPA), which governs merchandise trade between the two regions, with Botswana, Lesotho, Mozambique, Namibia and Swaziland, which governs merchandise trade between the two regions, replacing the TDCA`s trade provisions. 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. 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. 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).

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