uth Africa is “satisfied” that the recently signed Economic Partnership Agreement with the European Union (EU) will lead to improved market access for some additional South African agricultural products, Trade and Industry Minister Dr Rob Davies said at the weekend, reporting that Cabinet had, therefore, “transmitted” the deal to Parliament for ratification. The EU remains South Africa's main trading partner with total trade of R536-billion in 2015. In addition, a significant portion of South Africa's R216-billion in exports to the bloc last year were value-added products. It is our preference that if you wish to share this article with others you should please use the following link: Speaking in Cape Town a week after six Southern African Development Community (SADC) members – Botswana, Namibia, Mozambique, Lesotho, South Africa and Swaziland – signed the so-called EU-SADC EPA trade deal in Botswana, Davies highlighted particular improvements in the areas of fisheries and agriculture. Under the current Trade Development and Cooperation Agreement, which came into force in 2000, South Africa receives preferential access to the 500-million consumer, 28-country EU on 65% of its agricultural products. Under the EPA, however, there would be increased access for South African seafood, wine, canned fruit, sugar and ethanol. The current yearly tariff-free quota of 50-million litres of South African wine would be increased to 110-million litres, while 150 000 t/y of South African sugar and 80 000 t/y of ethanol could also be exported to the EU tariff free. There had also been improvements in market access...
Davies outlines agricultural benefits from new EU trade deal
Posted on: June 20, 2016
Posted on: June 20, 2016