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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The European Union: South Africa Free Trade Agreement: In Whose Interest?
Author:Lee, Margaret C.ISNI
Periodical:Journal of Contemporary African Studies
Geographic term:South Africa
Subjects:European Union
trade agreements
international relations
Politics and Government
Economics and Trade
External links:https://www.tandfonline.com/doi/pdf/10.1080/02589000120104062
Abstract:This article focuses on the creation of a free trade area between the EU and South Africa. Specifically, it examines the extent to which the EU-SA FTA (Free Trade Agreement), which went into force on January 1, 2000, will be a catalyst for economic growth in South Africa and spearhead the country's further integration into the world economy. It also assesses the likely impact the agreement will have on members of the Southern African Customs Union (SACU) and SADC. The ultimate question is whether the agreement is in the best interest of the people of South Africa. The paper concludes that, while both the EU and South Africa will benefit from the agreement, it appears that the former will benefit more than the latter. South Africa's major benefit will stem from having greater access to the EU market for a select group of exports. However, without a development strategy that will enhance the socioeconomic status of the impoverished masses, the EU-SA FTA will not help facilitate economic restructuring of South Africa's economy. In fact, it may well be that the agreement will have a devastating impact on South Africa, BLNS (Botswana, Lesotho, Namibia and Swaziland) and the non-SACU SADC member States stemming from cheaper and/or subsidized EU products. Bibliogr., notes, ref.